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WorksheetsFORM 5 END OF TERM 2 QUIZ
Total questions: 20
Worksheet time: 20mins
The type of business environment MOST typical of the Commonwealth Caribbean is
corporate state
perfectly competitive
mixed economy
centrally planned
Which of the following phrases BEST
describes an authoritarian leader?
Willing to take suggestions
Making decisions without consultation
Allowing workers to plan their
own work
Consulting those likely to be
affected by decisions
In which of the following categories
would subsidized meals for employees
fall?
Fringe benefits
Duty allowances
Wages and salaries
Workmen's compensation
The MAIN benefit of collateral to the
lender is that it
can be seized if the borrower fails
to pay
improves the borrower's chance
of getting a loan
determines the financial position of the borrower
gives the lender an idea of the
state of the business
Which of the following variables is NOT
an element of a feasibility study?
Profitability
Target market
Market demand
Business design
A contract may be discharged by
I. breach
II. lapse of time
III. offer and acceptance
I and II only
I and III only
II and III only
I, II and III
Which of the following is NOT a primary
industry?
Mining
Fishing
Farming
Building
The monthly payments collected by an
insurance company from its policyholders
are known as
deposits
premiums
installments
endowments
If Paula offers to sell Barry an umbrella
for $50, but Barry offers to pay $40, this is
an example of
an offer
a counteroffer
an agreement
an invitation to treat
Which of the following factors prevents
an agreement from being considered a
valid contract?
O
Consideration
Legal purpose
Misrepresentation
Offer and acceptance
Which of the following can be described
as a marketing activity?
Issuing bulletins on staff matters
Distributing commodities to outlets
Advertising vacancies within the
organization
Ensuring that workers are given
fringe benefits
The term 'loss leader' is BEST described
as a product which
has no real market value
the retailer is unable to locate
is sold cheaply to attract customers
the retailer gives away to customers
The PRIMARY function of advertising is to
promote brand loyalty
promote public relations
communicate information
ensure a wider distribution of
goods
Which of the following activities carried
out in a large firm will NOT be under the
supervision of the marketing manager?
Packaging
Purchasing
Advertising
Distributing
Which of the following lists comprises
the elements of the traditional marketing
mix?
Product, price, promotion, place
Price, package, promotion, place
Product, promotion, place, package
Package, product, price, promotion
The acronym GPS stands for
global positioning system
global programming system
geographic positioning system
geographic programming system
Which of the following lists shows the
correct order of the chain of distribution?
Consumer, retailer, wholesaler,
manufacturer
Wholesaler, manufacturer, retailer,
consumer
Manufacturer, retailer, wholesaler,
consumer
Manufacturer, wholesaler, retailer,
consumer
JB Auto Company decided to export car
engines from Barbados to Trinidad. Which
of the following methods is BEST suited
for transporting the engines?
Air
Sea
Rail
Road
Which of the following is an example of
an entrepreneur?
Joe rents an office space.
Roger goes to the bank to get a
loan.
Sally occasionally babysits her
neighbour's child.
Donna operates an online bakery
from her home.
Labour is BEST defined as the
ability to carry out management
functions effectively
physical and mental capabilities
used to perform tasks
level of training received by the
employees of an organization
total number of persons who
are employed in government
ministries
