Principles of Business - Past Paper Multiple Choice

Labour is BEST defined as the

• Physical and mental capabilities used to to perform task

• 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

• management

• shareholders

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

1 - centralized production

2 - citizens' welfare is primary

3 - little government interference

• 1 and 2 only

• 1 and 3 only

• 2 and 3 only

• 1 2 and 3

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 is not a function of management ?

• Providing accommodation for employees

• Coordination the work of employees

• Delegating work to subordinates

• Controlling the use of funds

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

• Finance

• Marketing

• Production

• Human Resource