题目

Which of the following is not an element of fiscal policy?

A

Government spending

B

Government borrowing

C

Taxation

D

Exchange rates

Rationale: Exchange rates are a target of monetary policy: government policy on the money supply, the monetary system in terest rates, exchange rates and the availability of credit. Fiscal policy is government policy on the three other options.

Pitfalls: This whole syllabus area is full of fine distinctions in terminology, which lend themselves to testing in a MultipleChice and Objective Testing format.Ways in: If you knew that there was a distinction between fiscal and monetary policy, you m ight have identified exchangerates as the only monetary issue.

多做几道

For demographic purposes, which of the following is not a variable in the identification of social class?

A

Income level

B

Lifestyle

C

Occupation

D

Education

Which of the following would be identified as a cultural trend?

A

Health and safety legislation

B

Concern with health and diet

C

Increasing age of the population

Three of the following strategies are closely related. Which is the exception?

A

Downsizing

B

Delegating

C

Outsourcing

D

Delayering

In Porter's five forces model, which of the following would not constitute a 'barrier to entry'?

A

Scale economies available to existing competitors

B

High capital investment requirements

C

Low switching costs in the market

What is the latest stage at which a new recruit to a company should first be issued with a copy of the company's health and safety policy statement?

A

On accepting the position with the company

B

As early as possible after employment

C

After the first few weeks of employment

D

During the final selection interview