POB MCQ #14 (1)

Barter is BEST described as the

• process of exchange involving the use of money

• purchase of goods and services using cheques

• exchange of goods and services without the use of money

• exchange of goods and services using notes and coins

Labour is BEST defined as the

• physical and mental capabilities used to perform tasks

• ability to carry out mangement functions effectively

• level of skill training received by individuals who are working

• total number of persons who hold jobs in government ministries

Which of the following is NOT a trading instrument

• Cheques

• Credit cards

• Bills of exchange

• Money remittance

The term 'trade' refers to

• the selling of goods and services on the stock market

• the movement of immigrants from one country to another

• any commercial activity involving the exchange of goods and services

• the negotiation process between trade unions and management

In a public limited company, the losses are borne by the

• staff

• directors

• community

• shareholders

The PRIMARY role of the human resource department of an organization is to

• hire, recruit, train and motivate workers

• promote recreational activities for workers

• assist employees in understanding industrial relations

• produce magazines highlighting outstanding workers

The purchasing supervisor reports directly to which of the following? (see chart in picture)

• CEO

• HR Supervisor

• Finance Manager

• Production Manager

Which of the following positions would be BEST suited at 'X' (see chart in picture)

• Chief Advisor

• Board of Directors

• Managing Director

• Human Resource Manager

Which of the following departments is LIKELY to use its Management Information System (MIS) to manage information about customers and their response to the products they sell?

• Finance

• Marketing

• Production

• Human Resource

Subsidized meals for employees would fall under which of the following categories?

• Fringe benefits

• Duty allowance

• Wages and salaries

• Workmen's compensation