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Q 1/30
Score 0
The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
30
different methods can be used to solve the same economic problem
there are numerous countries in the world
each system is modeled to cope with a different type of economic problem
people of different countries have different religious and political ideologies
Q 2/30
Score 0
Which of the following changes will NOT necessarily result from a decision to have employees specialize
30
Increased standardization of goods
Increased production
Improvement in working condition
Improvement in the efficiency of labour
30 questions
Q.
The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
1
30 sec
Q.
Which of the following changes will NOT necessarily result from a decision to have employees specialize
2
30 sec
Q.
Private enterprise is run MAINLY to
3
30 sec
Q.
A public limited company in the private sector is normally established by
4
30 sec
Q.
(Read attached image above) How much money will be recorded as share capital?
5
30 sec
Q.
Broad policies for Public and Private Companies in the Private SEctor are formulated by the
6
30 sec
Q.
Which of the following can be regarded as a benefit to Caribbean countries from the establishment of multinational corporations?
7
30 sec
Q.
Which of the above (see attached image above) are the financial functions of a business organization?
8
30 sec
Q.
Which of the following is LEAST likely to result from growth in an organization?
9
30 sec
Q.
A major role of a trade union is to encourage
10
30 sec
Q.
For employees to produce to their maximum which of the following is important (see the attached image above)?
11
30 sec
Q.
Mr Gyma, the General Manager of Z Co., never discusses problems with workers or listens to suggestions from his employees. His leadership style can be described as
12
30 sec
Q.
Which of the following management practices would contribute to the success of a business (see the attached image)?
13
30 sec
Q.
Which of the following responsibilities must be assumed by the management of a company ( see the attached image above) ?
14
30 sec
Q.
A laissez-faire leader can be described as one who
15
30 sec
Q.
If the opening stock figure was overstated by $1500, the effect on the net profit figure would be
16
30 sec
Q.
Which of the following contracts MUST be evidenced in writing?
17
30 sec
Q.
If Albert fraudulently represents himself to be John induces Peter to make a contract with him, the contract is
18
30 sec
Q.
Which of the following is an example of extractive production?
19
30 sec
Q.
Which of the following practices may be MOST appropriate in solving the unemployment problem in developing countries where the labour force is large (see the attached image above) ?
20
30 sec
Q.
Wealth set aside for the production of further wealth is termed
21
30 sec
Q.
What is the MOST LIKELY effect on a developing economy when professional and skilled labour migrate to developed countries?
22
30 sec
Q.
Select which heading is most closely related to the following phrase: The movement of educated, skilled people to settle in other industralized countries?
23
30 sec
Q.
Select which heading is most closely related to the following phrase: The holding of jobs for which employees are overqualified?
24
30 sec
Q.
Which of the following is the simplest form of production?
25
30 sec
Q.
Primary production is concerned with the
26
30 sec
Q.
A bulk increasing industry should be sited near its
27
30 sec
Q.
Which of the following practices does NOT result from mechanization?
28
30 sec
Q.
The advantages which a firm may achieve by significantly increasing the size of its output are known as
29
30 sec
Q.
Which of the following describes capital-intensive industry?
