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POB Mock Examination Paper 1

Authored by Nicole Martinez

Business

9th - 10th Grade

Used 193+ times

POB Mock Examination Paper 1
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60 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The basic needs of man are

land, money, car

food, money, land

food, shelter, clothing

food, shelter, money

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The most important principle upon which barter depends is

insurable interest

idemnity

utmost good faith

double coincidence of wants

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A breach of contract may happen as a result of

non-performance

death of a party

lack of consideration

invitation to treat

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The relationship between the highest level of management down to the various departments is known as

flow

staff

rank

line

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following can belong to the private sector?

municipal authority

nationalised authority

public corporation

public limited company

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To comply with legal requirements to register a private company, a firm must provide which two documents?

prospectus and certificate of origin

memorandum and articles of association

certificate and trading tax number

a share certficate and a debenture certificate

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The policies of a company are formulated by the

shareholders

managers

directors

auditors

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