General study assumptions

1. The role of government in a market economy is to:

provide public goods, such as national defence or judicial system represent the country abroad establish state enterprises in order to increase the employment rate manage the activity of private entities and tax them

2. The Slovak labour market has long been known for its high unemployment rate. This is reflected by a situation in which:

the unemployment rate has reached the average level of approximately 30% over the last 15 years the unemployment rate has reached the average level of approximately 25% over the last 15 years the unemployment rate has reached the average level of approximately 15% over the last 15 years the unemployment rate has reached the average level of approximately 5% over the last 15 years

3. "The Slovak economy grew by 3.3% last year" – the headline of the newspaper in this wording means that:

the amount of provided services intended for final use increased on a year-on-year basis the amount of goods produced and services provided for final use increased on a year-on-year basis prices of goods produced and services provided for final use increased on a year-on-year basis prices of services provided for final use increased on a year-on-year basis

4. The central bank has a specific position in every market economy. Its tasks include:

keeping the domestic currency strong and stimulate the economic growth maintaining price stability and ensuring currency stability ensuring high level of employment and supporting domestic producers with low-interest loans supporting the government financially and ensuring high level of employment

5. Inflation is a phenomenon characterized by:

the increase of the employment rate for two consecutive quarters money losing value a dropping price level regular adjustment of pensions

6. The company produces a product with a selling price of € 150 per piece. It produces 1,000 products a year and plans to achieve an annual pre-tax profit of € 15,000. What should be the range of the total costs incurred in order to achieve this goal? (The impact of value added tax is not considered in the solution).

14,000 € - 15,000 € 150 € - 135,000 € 0 € - 15,000 € 0 € - 135,000 €

7. The company produces 10,000 pieces of products. It spends a total of € 150,000 on production. At what selling price (excluding VAT) must the company sell its products if it wants to make a pre-tax profit of € 20,000?

15 7.5 2 17

8. The company plans to produce 3,000 more products than last year. Last year, it produced 30,000 pieces of products and needed 20 workers for this production. How many new workers must be hired to produce an additional 3,000 pieces of products if it is expected that each worker will produce the same number of products as last year?

10 workers 4 workers 2 workers 5 workers

9. When running a business, every entrepreneur takes a business risk, i.e. uncertainty that the expected results of activities that have been carried out will not coincide with the results actually achieved. Assume that an entrepreneur operates in the field of information technology and his main task is the creation of software for bookkeeping. Which of the following groups of factors increases the risk of his business and is relevant for him:

the device failure rate, unstable weather and high turnover of staff constant changes in legislation regulating the bookkeeping, insufficient expertise of employees, entry of a competitor lagging behind in technical progress, insufficient use of employees' working hours, increasing motor vehicle taxes constant changes in environmental legislation, lagging behind in own innovations, rising fuel prices

10. The enterprise can be characterized according to the following specifics: dependence on weather and climatic conditions, seasonality, long production cycle, high proportion of human labour. Determine which type of production the enterprise is engaged in:

Chemical production Coal mining Textile production Agricultural production

11. The body that was set up by The Maastricht Treaty to facilitate the preparation for accession to the Economic and Monetary Union of countries whose GDP per capita is below 90% of the EU average is called

The Support Fund The Cohesion Fund The Structural Fund The Eurofund

12. The national side of the Slovak eurocoin in a nominal value of 1 cent, 2 cents and 5 cents depicts:

Kriváň Bratislava castle Slovak double cross Slavín memorial

13. What is the maximum number of the European Parliament Members?

750 + president 650 + president 700 + president 600 + president

14. Slovakia held the presidency at the Council of the European Union in 2016. How long did this presidency last?

4 months 12 months 6 months 9 months

15. The first of the European Communities established in 1951 was

European Coal and Steel Community European political community Council for Mutual Economic Assistance European Defense Community

16. The Slovak Republic, as the successor state to the Czech and Slovak Federal Republic, has become a member of the United Nations (UN):

in 1989 in 1939 in 1993 in 1968

17. The process of increasing the number of people living in cities in relation to the total population number and, in a relation to this, increasing the number of people living in the so-called urban way of life, is defined by the term:

urbanization universalization unification industrialization

18. Indicate the correct hierarchy of legal regulations in the Slovak Republic:

generally binding regulations - laws – The Constitution of the Slovak Republic - government regulations - decrees - decrees and measures of ministries The Constitution of the Slovak Republic - laws - government regulations – decrees and measures of ministries - generally binding regulations The Constitution of the Slovak Republic - notices, decrees and measures of ministries - government regulations - laws - generally binding regulations laws - government regulations - the Constitution of the Slovak Republic - notices, decrees and measures of ministries - generally binding regulations

19. Non-standard behaviour, or ideologies, which differ significantly from generally accepted and common norms of behaviour, often manifested with racial, national, resp. religious intolerance is referred to as:

Nazism fascism socialism extremism

20. Liquidity means:

the ability of the company to repay its obligations the inability of the company to repay its obligations the inability of the company to repay its claims the ability of the company to repay its claims

21. The product of integer solutions of an equation 11 = (x – 3)² – (3x – 2) is

1 0 -2 -6

22. Function is negative on the set of real numbers if

x ∈ (1;2) x ∈ (-∞;0) such x ∈ R does not exist x ∈ (0;1)

23. Andrej borrowed a certain amount of money from his parents. They agreed that he would repay this amount gradually, paying back €10 the first month, and then €5 more each month than the previous month. With this repayment system, he will repay the borrowed amount in 9 months. How much did Andrej borrow from his parents?

340 € 270 € 220 € 320 €

24. If the company produced 200 fewer units than planned, it would meet its plan by 84 %. What was the company's planned production in units?

1 840 pcs 1 550 pcs 2 200 pcs 1 250 pcs

25. There are two scanners in a company whose performance is in the ratio of 3:4. The scanner with the higher performance scans 680 pages of paper per hour. How many pages of paper will both scanners scan in 3 hours of continuous operation?

4 985 5 120 4 750 3 570

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