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6. What is a 'Take-over'?

  • When a firm buys enough shares of another to control the decisions made (effectively buying it out)
  • Re-decorating the businesses premises
  • When a firm moves ahead of another in the market
  • When two businesses agree to join together to share trading operations

7. What is a 'Trade off' ?

  • A mesure of Standard of Living
  • Weighing up advantages and disadvantages of a decision
  • Buying something that another person wanted
  • A bidding war between two parties

8. 'Capital Investment' is 'Spending on new equipment/machinery or materials to increase future production.

  • True
  • False

9. Therefore, What is 'Capital'?

  • Stored up wealth
  • The main city of a country
  • A measure of economic growth
  • The amount of money spent on employees

10. What is 'The Poverty Line'?

  • A level of National Income for a country, which seperates people living in poverty and out of it.
  • A level of income, below which Standard of living is too low to be accepted
  • An actual line between poverty and wealth
  • The number of people defined as living in poverty.

11. 'Net Profit' is profit with all expenses NOT deducted

  • False
  • True