CXC paper 1 2019

CXC paper 1 2019

10th - 12th Grade

30 Qs

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CXC paper 1 2019

CXC paper 1 2019

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

SHAREBA GRIFFITH

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Corporate state

Mixed economy

Centrally planned

Perfectly competitive

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of money?

Indivisibility

Store of value

Measure of value

Medium of exchange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

risk

insurance

limited liability

unlimited liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private enterprise is run MAINLY to

create profits

reduce inflation

distribute goods and services

provide jobs for more people

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

planning

organizing

controlling

motivating

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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