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Which of the following exemplifies a barter economy?

• Goods and services are exchanged for money payments

• Goods are not traded because there is no double coincidence of wants.

• Goods and services are exchanged for other goods

• A commodity such as cowrie shells serves as a mean of payment

Which of the following types of business does not have limited liability?

• A public company

• A private company

• A limited partnership

• A sole trader

Which of the following functions of a business is responsible for the motivation and employment of people in the workplace?

• Production management

• Research and development

• Human resources management

• Marketing

The term "stakeholder" refers to someone who:

• Reads about business activity and takes an interest in a business.

• Has a personal interest in a decisions made by an organization

• Is thinking about setting up a business of their own

• Wants to find out more about how businesses are formed

Making payments by cellphone is referred to as payment by

• M-Money

• Barter

• Bill of exchange

• Telegraphic money order

The hierarchy in an organization chart illustrates:

• The chain of command

• The span of control

• How flat the organization is

• Who leads the organization

Someone who receives money if an insured person dies

• employee benefits

• dependnet

• claim

• beneficiary

Insurance that protects your family against financial loss due to your death is

• coinsurance

• disability insurance

• life insurance

• comporehensive insurance

What is to part of themarketing mix (the 4PS)

• Product

• Person

• Price

• Promotion

Offering an incentive to customers in order to increase sales-contests ,free samples, coupons etc

• promotional mix

• telemarketing

• personal selling

• sales promotion