Which of the following types of business environments is MOST typical of the Commonwealth Caribbean?

• Corporate state

• Mixed economy

• Centrally planned

• Perfectly competitive

Which of the following is NOT a function of money?

• Indivisibility

• Store of value

• Measure of value

• Medium of exchange

A MAJOR function of the public sector is to:

• Make a profit

• serve the entire population

• serve the interests of the shareholders

• inspire competition among businesses

The legal responsibility of a sole proprietor to pay any money owed by the business is described as:

• risk

• insurance

• limited liability

• unlimited liability

Private enterprise is run MAINLY to

• create profits

• reduce inflation

• distribute goods and services

• provide jobs for more people

Selecting the objectives and the procedures for achieving goals is referred to as:

• planning

• organizing

• controlling

• motivating

Which of the following actions BEST describes an authoritarian leader?

• Willing to take suggestions

• Allowing workers to plan their own work

• Making decisions without consultation

• Consulting stakeholders who will be affected by decisions

Which of the following actions demonstrate the characteristics of a good leader?

I. Inspires workers

II. Delegates responsibilities

III. Makes intelligent decisions

• I and II only

• I and III only

• II and III only

• I, II and III

Which of the following are benefits of written communication?

I. Instant feedback

II. Provides evidence

III. Useful for detailed messages

• I and II only

• I and III only

• II and III only

• I, II and III

Under which of the following categories would subsidized meals for employees fall?

• Fringe benefits

• Duty allowance

• Wages and salaries

• Workmen's compensation