POB Revision 2018 Pt 1

Labour is BEST defined as the:

• physical and mental capabilities used to perform tasks

• ability to carry out management functions effectively

• level of skills training received by individuals who are working

• total number of persons who hold jobs in government ministries

Which of the following are NOT trading instruments?

• Cheques

• Credit cards

• Bills of exchange

• Money remittances

The policies of a company are formulated by the:

• auditors

• directors

• managers

• shareholders

Which of the following are key features of a planned economy?

I. Centralized production

II. Citizens' welfare is primary

III. Little government interference

• I and II only

• I and III only

• II and III only

• I, II, and III

In which of the following types of economic systems does the government make all decisions?

• Mixed

• Capitalist

• Command

• Subsistence

The MAIN purpose of installing a suggestion box in a company is to get workers' views on:

• each other

• other companies

• ways of improving the workplace

• ways of improving economic conditions

Mr. Lloyd, manager of LM Ltd, holds regular staff meetings to listen to ideas from employees before making decisions that would affect the future of the company.

What leadership style does Mr. Lloyd employ?

• Autocratic

• Democratic

• Charismatic

• Laissez-faire

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

• line

• rank

• staff

• flow

Which of the following demonstrates 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 departments is LIKELY to use its management information system (MIS) to manage information about customer and their responses to the products it sells?

• Finance

• Marketing

• Production

• Human resource