Which of the following is LOWEST in the hierarchy of objectives?

A Caribbean island has been experiencing a decline in its gross domestic product (GDP) for the past six months. How would this economic situation affect local producers?

Which of the following statements BEST describes a feature of a centralized organization?

Assigning decision-making authority to a person is referred to as

Which of the following factors will MOST likely influence the choice of media used in advertising?

Which of the following is LEAST likely to be the objective of an employee appraisal system?

Which of the following leadership styles is MOST suitable for an experience and flexible workforce?

Which of the following investment appraisal methods gives the amount a business would need to invest in the future?

Technological obsolescence refers to technology being

Which of the following factors is NOT an internal constraint to the decision-making process?

An electronics manufacturer is faced with a number of options regarding the future of his business. A decision tree is LEAST likely to help him determine whether or not

A shop steward is an official member of

Which of the following theorist is known as the 'Father of Scientific Management'?

When employees are allowed to develop and carry out plans with high level of effort, they are applying Fayol's principle of

The purpose of venture capital is to

Which of the following is NOT a current liability?

When authority is assign to someone in order for them to make decisions, this can be BEST classified as

The 'system approach' applies BEST to management because it

When management attempt to increase the scope of a day by broadening the task undertaken by an employee, this can be BEST described as

An example of an intangible asset is

A type of external finance which offers flexibility and the ability to access funds 'over and above' bank balances is known as

The accounts for the 'New Line Corporation' are prepared on the basis that the business is operating and is not likely to close down or go into liquidation in the near future. This action reflects the accounting concept of

Edward decided to start a sole proprietorship in automobile repairs . In order to be competitive, he will have to invest in the most current technology. Which of the following is the MOST appropriate source of finance for Edward?

Sundelight Juices has net assets worth $19 million recorded in its balance sheet. Recently the business was sold for $26 million to RF Group of Companies. This action reflects the principle that

The following table is an extract from the books of XJ's Ltd.

Sales $9000

Opening Stock $3200

Closing Stock $2400

Purchases $5600

The gross profit ratio is

Which of the following statements BEST describes a feature of a centralized organization?

Which of the following would NOT be classified as hygiene factor based on Herzberg two-factor theory?

Which of the following represents the idea that an organization is a system but at the same time, part of a larger system?

Working capital is often described as the 'life blood of a business'. Which of the following options BEST describes proper management of working capital?

Which of the following is NOT a component of working capital?

One primary risk associated with bonds is

Financial budget$ actual variance

variable performance

Sales 15000 12000

labour costs 22000 23000

Overhead costs 3000 3500

A. The variance for sales revenue for Quick Cook LtD is

B. The variance for overhead costs for Quick Cook LtD is

Which of the following is NOT classified as a current asset?

Karen's Engineering Company and Ray's Architectural firm have decided to work together on a government project to construct a bridge. This type of arrangement can be referred to as a

Which is the HIGHEST level in Abraham Maslow's hierarchy of needs?

Which of the following theorists is known as the 'Father of Scientific Management'?

Which of the following is NOT a challenge of globalization to Caribbean firms?

A manager has to decide whether his middle managers should be directly responsible for four or eight subordinates in the organization. This relates to the concept of

Sandra and Sophia work in the same department. They are in conflict as both are applying for the post of supervisor. Which of the following is the MOST likely source of this conflict?

Employees at J n C company often complain about their manager who does not allow them to express their views and feelings about final decision made by the company. Which of the following is MOST likely to be cause of conflict in the organization?

In which of the following activities is the tertiary sector of the economy engaged?

The MAIN objectives of cash flow statement to a business is to show the

Philbert Hardware finds it difficult to meet its everyday payments over short term. This means that the firm can manage this situation by utilising ALL of the following techniques EXCEPT

According to McGregor, how do managers who subscribe to a 'Theory X' view expect workers to treat the concept of responsibility?

Most workers feel that their jobs are threatened when new production methods are introduced in a company. Which area of change would workers be MOST concerned about?

The manager of Promotion Plus sometimes yields to his workers when they make suggestions. They sometimes give in to him as well. Which of the following conflict handling modes does this demonstrate?

A benefit of a private limited company over a partnership is that a private limited company

Cindy is a new manager in charge of a group of young, inexperienced employees. Which of the following types of leadership styles would be MOST suitable in a situation where Cindy's team must meet very tight deadlines?

What stage of the decision-making process should follow after a course of action is determined?

One advantage of trade liberalization to the Caribbean is that

Jake would like to measure the ability of the business to pay for or cover its short-term debts from all current assets. Which of the following ratios would be MOST appropriate in assisting Jake?

In which of the following accounts is interest paid on debentures charged?

One primary risk associated with bonds is

In the context of a private sector organization, the term 'delayering' means

E-commerce provides the following opportunities for small firms:

Horizontal integration can best be described as a situation where;

Communication is said to be effective when :

The Hawthorne effect was 'discovered' by:

Human behaviour theorist believe that:

'Shareholder's Funds' are referred to as:

Which of the following is NOT an investment Appraisal technique?

A main drawback of leasing is that:

Factoring can be described as:

Limited liability means that

Which one of following is an example of a primary sector business?

A traditional or subsistence economy is one based on;

Feedback is an important part of effective communication because:

F.W. Taylor was the first management theorist to study:

The best definition of a budget is:

If a company balance sheet shows current assets of $6m, stock of $2m and current liabilities of $5m, then its acid test liquidity ratio is:

If a business records sales revenue of $8m in 2008 and the cost of goods sod were $2m, then its gross profit margin ratio is:

If a company's annual gross profit is $5m, sales revenue is $15m and total overhead (fixed) costs were $7m, then the net profit margin equals:

If a company's existing long-term liabilities are $2m and capital employed is $5m, then the new gearing ratio after taking out a new long-term loan of $1m will be:

The difference between gross and net profit can be explained by:

The debtor days ratio for a business could be improved by greater financial efficiency.This could be achieved by:

If the cash flows of a proposed investment project are forecast to be as follows, then payback will occur after which time period?

End of year Net cash flow

0 ($45,000)

1 $20,000

2 $75,000

3 $25,000

A business manager is undertaking variance analysis. He realises that the actual fix cost expenditure for his department last year was $42,000. The budget for these costs had been set at $45,000. The fixed cost variance is:

The dividend yield ratio shows:

Non-financial methods of motivation include all of the following, EXCEPT: