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INSTRUCTIONS 1. Read each question carefully before you start to answer it. 2. Answer all questions in the spaces provided. 3. You should pay attention to punctuation and spelling. 4. The number of marks is given in brackets at the end of each question. 5. Check your answers if you have time at the end.

______ is a government’s seizure of a domestic or foreign company’s assets.

NAFTA is a trading bloc consisting of the United States, Canada, Panama, and Mexico.

Organizations can gain a competitive advantage simply by matching their competition in terms of cutting costs and responsiveness to employees.

_________ is a data-mining technique used to predict future behavior and anticipate the consequences of change.

The United States limits the amount of cheese purchased from other countries; this is a(n) ________ policy.

Innovation in business is defined as seeking ways to deliver less costly goods but in similar ways, maintaining employee morale.

Nora is a small-business owner who loves to take risks. She also enjoys going out and meeting customers and potential clients—the social aspect of her job. Nora relies on intuition and discussions with others to acquire information. As an interior decorator, Nora utilizes her imaginative strengths, taking a broad perspective to problem solving, and she likes to consider many options and future possibilities. Nora’s decision-making style is best described as

Marta, the public relations manager of a local library, is meeting with the news media regarding a new reading program for children. Marta is performing the ________ role.

Timothy, a restaurant general manager, carefully watches his costs by reusing some items that in the past were immediately thrown away. Timothy is an example of a(n) _____ manager.