Impact of Contemporary Socio-Economic Issues (Grade 11 NSC Matric Business Studies): Quizzes

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Impact of Contemporary Socio-Economic Issues
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What is disposable income?

Money left after taxes & essentials

What happens when inflation occurs?

General increase in prices occurs

What is money laundering?

Hiding source of illegally obtained money

What are bribes?

Money/gifts to influence decisions

How can population growth benefit businesses?

Creates a larger potential customer base

How does illiteracy affect business employment?

Businesses struggle to find qualified staff

What is dumping in international trade?

Exporting at prices below home market

How long do patents typically protect inventions?

Up to twenty years

What is a strike?

Employees refuse to work to pressure bosses

What does 'depleted' mean regarding natural resources?

Completely used up

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