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- 1. The discipline that provides the means for recording/writing the economic history which has facilitates the dealing between business enterprises is? -------------------------------------------- 2. Scholars has described accounting as the ---------------------------------------- of businesses 3. The economic history of an organization is essential for? --------------------------------------------- 4. The definition of accounting is pivoted on three pillars, state them. ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 5. The routine work schedule of a bookkeeper on daily basis has been summarized into four stages, List them. ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 6. The routine accounting practice processes on…1.Which of the following resources is the most rival? A- A music concert at a city park. B-A full moon. C-An interstate highway D-A zoo. E-The labor of a hair stylist 2.Which of the following is considered a basic economic question? A-What are the most advantageous terms of trade? B-When does marginal cost equal marginal benefit? C-Which economy enjoys a lower opportunity cost for this good? D-What is essential knowledge to pass on to the next generation? E-What goods and services should be produced?Question No 02 What is a difference between “Musharaka and Mudaraba”? What are the common basic rules between them to be followed? What are the uncommon rules between them?
- 1 The ABCs of Communism” represents: a) A pamphlet to help households in Hungary better deal with the post WWII transition to communism b) An elementary school text used to indoctrinate students into Marxism at a young age c) A book that served as a refutation of Marxism and a strategy to advance the USSR from centrally planned to a more market-based economy d) A book whose primary objective was to in spire support for communism among workers .3. The organization of economic activities that involve the production and distribution of goods and services among the people refers to. a. Factors of production b. Economic system c. Central planning d. Economic factorsDo economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?
- 1. The industrial revolution gave rise to capitalism and consumerism - True or False? 2. The industrial revolution in the 18th century gave rise to environmentalism immediately. - True or False? 3. The information age is considered the fourth stage of industrial revolution. - True or False? 4. An economic policy of exporting raw materials and importing manufactured goods a. develops the economy b. develops science and technology c. hinders advancement in science and technology d. hinders economic development The use of science in the development of technology sustained the industrial revolution. - True or falseHow do or don't these 3 principles apply to today? - economics rules everything - class struggle is one constant throughout history - capitalism survives by exploiting the workers.1 What is scientific research? explain the concept of scientific, what is i. perception research ii. action research iii. evaluation research
- True or False. Give reasons also. 1) The meaning assigned to activities may be shared but may also be complete. 2) The Industrial revolution changed the way people worked, but little else about their lives. 3) The Industrial revolution was centred in Europe and United States, but had impact in the whole world. 4) For Marx, capitalism was a positive force that ensured all human needs would be met. 5) Karl Marx was associated with the concept of sympathetic knowledge.1. Which of the following is not a normative statement?a. The military budget should increase at the same rate as GDP.b. The government should play a limited economic role, ensuring that private contracts are enforced.c. Integrated schooling has increased the level of literacy among minority groups.d. A tax on imported oil should be used to reduce the government deficit.4 Discuss the main theories underlying mercantilism and justify its relevance in current times by providing examples of countries that are implementing mercantilist policies.