The MAIN role of the human resource

department of an organization is to

A system involving the exchange of goods depending on the ‘double coincidence of wants’ is known as

A post-dated cheque is one which is dated

Which of the following practices are characteristic of a free economy?

I. Private ownership of assets

II. Central planning

III. Price-fixing

IV. Freedom of contract

Which of the following responsibilities must be assumed by the management of a company?

I. Producing goods of a marketable quality

II. Maximizing efficiency and creating

surpluses

III. Determining dividends to be paid to

shareholders

The primary role of the Human Resource Department of a firm is to

Which of the following is a regulatory issue for the entrepreneur?

The workers in a large organization are dissatisfied with the working conditions. The trade union representatives’ first likely action will be to

Which of the following pieces of information should be included in a feasibility study?

I. An overview of the business

II. The growth potential of the business

III. The profitability of the business

Which of the following situations would occur if a contract for the sale of goods becomes void?

I. The prospective buyer becomes the owner.

II. The prospective buyer does not become the owner.

III. The seller must return any money or goods given to him by the prospective buyer for the transaction.

Which of the following documents should be used to indicate to a business department that supplies of certain goods are needed?

Which of the following LEAST affects the location of an industry?

Which of the following are characteristics of a ‘perfect market’?

I. There are many buyers and sellers.

II. The price of the goods must be fixed by supply or demand.

III. There must be several types of the commodity on sale.

Advantages of supply chain operations include

I. wealth creation

II. job opportunity

III. better quality life

Which of the following is a MAJOR function of consumer organizations?

Which of the following describes planning, implementation, forward and reserve flow of goods and services and related information between two destinations to satisfy customers’ requirement?

One of the MAJOR functions of a Central Bank is to

Which of the following are the MAJOR arguments in favour of foreign investment?

I. Reduction of local employment

II. Establishment of markets

III. Inflow of capital

Which of the following indices is the BEST measure of the economic growth of a country?

The MAIN objective of a trade union is to

encourage the

Assets used to secure a loan at the bank

a1 e referred to as

One of the MAIN functions of an

entrepreneur is to

Richard has been an employee of MTSL

for over ten 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 this issue to his trade

union.

This conflict is as a result of

A contract may be discharged by

I. breach

II. lapse of time

III. offer and acceptance

The monthly payments collected by an

insurance company from its policyholders

are known as

Mr John offered his car for sale for

$70 000. Miss Maraj said that she would

pay him $66 000 for it.

Which of the following phrases BEST

describes Miss Maraj's action?

Which of the following is NOT a source of

income for an individual who is engaged

in personal budgeting?

Financial investments can be defined as

the

The buying and selling of goods and

services among countries is called