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 arithmetic mean of 10 numbers is 15. If we take one of these numbers, then the arithmetic mean of the remaining numbers will be 14. What number did we take out?

24 15 14 10

22. If 5s = (5 - r) s = 25, then

2r > s 3s = 2r s < r s > r

23. Peter played balls with the boys in the yard. In the bag he had balls in six different colours, 10 of each colour. What is the smallest number of balls that Peter must, without looking at them, take out from the bag to be sure that there will be at least three different colours between the balls taken out of the bag?

30 18 12 21

24. The mowers were given the task to mow two meadows. One meadow was twice as big as the other one. In the first half of the day, everyone mowed a larger meadow. In the second half of the day, they have split into two equal groups. One group continued to mow a larger meadow and mowed it by the end of the day. The second group mowed a smaller meadow but did not mow it all until the end of the day. The rest of the smaller meadow was mown on the next day by one mower during the whole day. How many mowers were there? (We assume that the mowing time in the first and second half of the day was the same, the mowing time of a single mower for the whole day of work was the same as the mowing time on the first day and the power of all mowers was the same.)

4 6 8 10

25. In the election for the class chairman, Short received two votes more than Strong. Tall has obtained four votes less than Strong and Strong obtained three votes more than Hard who obtained four votes. Each student in the class had exactly one vote in the election. How many students does the class have, assuming that only Short, Tall, Strong and Hard votes were cast, no one abstained and no one was missing in the class at the time of voting?

26 23 25 30

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