POB Revision

What are the ways in which government can protect the consumer?

i. By enacting laws

ii. By publishing standards

iii. By prosecuting infringements

iv. By communicating with consumer watch groups

• a. i only

• b. i, ii and iii

• c. ii and iii

• d. all of the above

All of the following are avenues opened to government for raising its finances EXCEPT

• taxes and levies

• lending loans

• reducing personnel expenditure

• selling some of their assets

Which of the following is NOT a short-term financing?

• Loan from commercial banks

• Installment credit

• Mortgage

• Promissory notes

The revenue and expenditure forecast of government for the year ahead is expressed in which of the following documents

• National budget

• Strategic plan

• Business plan

• Taxation plan

7. What are the ways in which government can influence business activity?

i. Taxation

ii. Incentives

iii. Export promotion assistance

iv. Management training and advice

• i only

• ii and iv

• i and iv

• all of the above

National Insurance schemes are intended to protect against

• Devaluation of a nation’s currency

• Employees’ loss of earnings due to ill, health, retirement, etc.

• Victimization by employers

• Unforeseen circumstances in the workplace

Subsidies refer to

• Grants given by government

• Taxes withheld by government

• Loans given to small businesses

• Profits realized from investment

Which of the following measures does government use to redistribute income use?

• customs duties and levies

• consumption tax and tariffs

• P.A.Y.E and National Insurance

• excise duties and value added tax

All of the following are financial institutions EXCEPT.

• Commercial bank

• Credit unions

• Jamaica deposit insurance

• Building society

The term logistics refers to

• the management of the flow of goods and services

• getting hold of resources

• management of the supply chain

• the coordination and organisation of complex operation