Mark the statements True or False :
  1. Stakeholder is a person who owns shares in a company and therefore gets part of the company's profits and the right to vote on how the company is controlled
    True
    False
  2. Employee is someone who is paid to work for someone else
    True
    False
  3. Shareholder is a person who is involved with an organization, society etc., and therefore has responsibilities towards it and an interest in its success
    True
    False
  4. Supplier is a company, person, etc. that provides things that people want or need, over a long period of time
    True
    False
  5. Training and development play a key role in the industrial sector
    True
    False
  6. Changes in the price or quality of raw materials – for example wood, or metals – will affect the marketing mix
    True
    False
  7. A STEP analysis is also known as a PEST analysis
    True
    False
  8. STEP analysis looks at social factors of a particular country or region
    True
    False
  9. Birth rate is the percent that a bank or other financial company charges you when you borrow money, or the interest percent it pays you when you keep money in an account
    True
    False
  10. Life expectancy is a statement of what is judged likely to happen in the future of a particular economy
    True
    False
  11. Economic forecast is the probable number of years remaining in the life of an individual or class of people determined statistically, affected by such factors as physical condition, nutrition and occupation
    True
    False
  12. Interest rate is the number of people coming into being during a period of time in a particular place
    True
    False
  13. Unemployment rate is the number or percentage of people in a country or area who do not have jobs
    True
    False
  14. GDP is total amount of products produce by a country excluding payments on foreign investments-
    True
    False
  15. Consumer credit is money that is lent to individual people by banks stores, etc., in order for them to buy things and pay for them over a period of time
    True
    False
  16. Business legislation is a commercial treaty between two or more nations
    True
    False
  17. Trade agreement is a law or set of laws suggested by a government and made official
    True
    False