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WorksheetsAccelerated Class POB
Total questions: 24
Worksheet time: 8mins
Barter is BEST described as the
Purchase of goods and services using cheques
Process of exchange involving the use of money
Exchange of goods and services using notes and coins
Exchange of goods and services without the use of money
Which of the following is NOT a function of money?
Indivisibility
Store of value
Exchange rate
Measure of value
Which of the following items are not considered to be consumer goods?
Stocks of soft drinks for resale
Cars in a dealership waiting to be sold
Stationery used by the accounts department
Bottled water on the shelves of the supermarket
A MAJOR function of the public sector is to
Make a profit
Serve the entire population
Serve the interest of the shareholder
Inspire competition among businesses
Which of the following management functions is a manager engaged in when he grants a worker "Time off with pay"?
Planning
Delegating
Motivating
Supervising
Private enterprise is run MAINLY to
Create profts
Reduce inflation
Distribute goods and services
Proivde jobs for more people
The policies of a company are formulated by the
Shareholders
Auditors
Directors
Managers
Which of the following types of business environments is MOST typical of the Commonwealth Caribbean?
Corporate state
Mixed economy
Centrally planned
Perfectly competitive
In which of the following type of economic systems does the government make all decisions?
Capital
Mixed
Command
Subsistence
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?
Charismatic
Laissez faire
Democratic
Autocratic
Selecting the objectives and the procedures for achieving goals is referred to as
Planning
Motivating
Controlling
Organizing
Which of the following is NOT a function of management?
Delegating work to subordinates
Controlling the use of funds
Providing accommodation for employ
Coordinating the work of employees
Which of the following activities carried out in a firm will NOT be under the supervision of the marketing manager?
Advertising
Distributing
Packaging
Purchasing
John owns a bakery and employees three bakers. He makes all the decisions and takes all the profits.
What form of business does John own?
Sole trader
Partnership
Co-operative
Joint stock company
The role of a shop Stewart is to
Take an inventory of stock
Open the business space on time
Ensure that consumers get a fair deal
Protect the interest of unionize workers
Which of the following types of cheques allows an individual to receive cash on demand?
Open
Crossed
Certified
Banker's
A post-dated cheque is one which
Was written no longer than six months ago
Is dated to agree with the date of the document requesting payment
Is dated for payment at a future date
Is dated by the bank on the day the cheque is presented for payment
The PRIMARY role of the Personnel Department of a firm is to
Hire, recruit, train and motivate workers
Promote recreational activities for workers
Compile magazines highlighting outstanding workers
Assist employees to understand industrial relations
Which of the following is NOT an exampe of an unethical practice?
Money laundering
Nonpayment of taxes
Misleading advertisements
Retrenching of inefficient workers
In economics, a 'market' is BEST described as
the reason for the elimination of barter
a situation in which buyers and sellers interact
a place where various types of fruits and vegetables are sold
the management process responsible for satisfying consumers' demand
Which of the following is NOT a trading instrument.
Cheques
Credit cards
Bills of exchange
Money remittances
Richard has been an employee of MTSI, for over 10 years. He is up for a promotion at the end of the year. A manager's nephew who was recently hired has been promoted ahead of Richard. An upset Richard has taken his issue to the trade union.
This conflict is a result of
unfair practices
A lack of job security
A lack of fringe benefits
poor working conditions
Which of the following is a form of a industrial action in which trade unions are MOST likely to ask workers to participate?
Mediation
Bargaining
Arbitration
Work to rule
A laissez-faire leader can be described as one who
Close the controls the activities of workers
Allows subordinates to make their own decisions
Make decisions in spite of what others may think
Listens to others and take reasonable view of the majority
