SS3 EXAMINATION

1. The people who make up the workforce of an organisation, business sector or economy is called.........

2. The material which nature provides and are necessary for the production of human wants or needs is called

Anothername for brain drain is

4. Skills, training ,experience, technical know how contributed by humans to a business is called........

5. The value that is added on to a company by an employee is also called.....,...

6. Assets which have been manufactured and are used for the production of other goods are called,......

7. One of these is a feature of human capital

8. The body in charge of importing and exporting oil in the whole world is called

9. All these are oil exporting countries except

10. Exporting Oil is important because

Theory:Answer only three questions from this section

1. Define brain drain? B) Mention the types and explain the factors which contribute to brain drain

2. State the functions of OPEC in the petroleum industry.

3. Define economies of scale and state the difference between internal and external economies of scale.