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nit

'fhe nrission statement of an organization


I

rl
I

Paper
6.

that shareholders

(A)
(B)
{C)
( D)

{n )

do not tlisclosc inforlratir:n to

(B)

have limited confol of management


of the brrsiness
are liable forall dcbts incurred by the
business
are not liable for the rlcbts t-rf the
cr)r-npany beyond rhc valuc oltheir
sharcs

)
iRi
(Ci
(D)
(A

tactrcal ohjectrres
srrategicob_ir:ctives
ogxrationalobje'r.:tives
specifrc and quantifiable objectives

outsiders

(c)

(D)

Finance

\larkcting
Tcchnology
Compctition

7.

ln ,rvhich of thc follorving levels ofprodr-rction


r"'or.rld

(A)
(ts)
((:)
(D)

bottling * ater tall-1


Prirnary
l.cniary

llrrporations to thc hosl countn

a
1

is

irrcrcascd taxation
irtcrease irl imporls
repatriation of J:rofits
in(:rc.rsedprodr-rclioncosts
9.

Whrch of'thc lirllowing is N()T a criterton


used to measure the grov"th and size of a
iinrr'.)

(A)
(lJ)
t(:I
( D)

(A)

dclays Jraying its suppltcr in orrlcr to


irnprove its liquidiry positron

(fl)

places more emphasis on strcial

(c)

recalls a s;recitic batch ot proclucts

(I))

pays large salaries to its cxecutives


tluring a redundancv exercise

Sccondary
Subsistencc

C'l

(A)
(B)
i(')
(l))

A finn practises ethical behaviour rvhen rt

responsibil ities over pro fi ts

A N4AJOII disadvantage of multi-national

The terrn limitcti liability in busincss rneans

IIEST dcfines thc organization's

Which ol'the f6lllrra'ing is LtrASl likely to


contribute to u'cononries of scale'?

3.

*:l

I .f .rne ZOOS

Orrtput

Labour force
lvlarket share
Salary increase

because

ol'flarvs in ir ILs'

I'irms ber:orne multinationals MATNLY to

(A)

prtrvide ernplolrnenl

iB)
(c)

obtar n nc\a, technr:logv


tulfil srrcial responsibility

(D)

redr-rce

overall operating costs

The benelits u'hich many large lirrns enjoy


ovcr strallcr firms arc ref'errcd to as

(A)
(B)

(c)
{lr)

prot'it maximization

econornicti of scale
e{.:onomic rvellness
good x,ill of thc firm

906-4493 , 968-8427

t0.

Which of the tbllowrng are

bene

fits of

t3

globalization to the host country?

Caribbean countries are plagued with the


problenr ofskilled persons leaving their shores.

\\ftich oi'thc lollou'ing BEST iilustratcs a


i.
tl.

benelit ol'this'brain drain' to the Caribbean?

Increased enrployrttent
Inrpnrventents in balance oi' trade

III,

Improvements

in balancc o{'

(A)

(Bi

A reducrion in imports
A retluction in training cost

IV,

paymcnts
lncrease in consumers' choices ctl

(()

A positive elltct on the balance ol'

(D)

An increase in tradc

gouls

(Ai
(B)
(C)
(D)

par.Tnents

neigltbounng

I only

ll

and

lll

only

l,lt.lll

and

lV

14

BKF I'ashitxs Ltd rvishes to increase its


sales ancl markel share. lt decides to
underLake u

t2

among

tories

II. III aud lV only

I'hc -()n-( ola' soli cirink company has bccn


ablc'to linanctr ncrv prrrduct tlcve:lopmcnt. In
rvhich ofthe follog.ing departnrcnts has the
compan). bcncti tcd fiorn cconorn i c's o t sca Ie'.)

(A)
(B)
(C)
(D)

le rri

ne* nrarketing campaign.

dcc:rsirrn trcc bclow shou.s the


availablc lo (he compan),.

The

t$() options

l:inance

i\{arketing
Purchasing
Rcscarch and l)evcloplncnt

'lhc introduction of thc USN,IL has providcd


numcrous opportunitics to (.laribbcan
Icrlitoncs including
I.

II.

ru.

lv.
(A)
(B)
(cl

(D)

rcpaylrcnt of tbrcign debt


removal of trade barriers
iiee movement of iabr-rur
liee rnovement o1' capital
I and II only
I and IV only
l, ll and lll only
I, II III and lV

Whar is lhc probabilitv of succcss for


( arnpaign I)'l

)
(B)
(/\

0.1

(c)

0.2
0.4
0.6

(D)

906-4493, 968-842'l

l5

The manager ol'Promotions Plus' believes


in using all the time available to enhance
productions wrthin the organization. .4s a

l9

result hs tries to rcach intermcdiate

Smoothilg

(B)

rvorkers are only given lim itcd

(D)

C'ornprornise

Collaboraiiorl

2t)

a trade union
a

intbrmation ahout tlre trusinc-ss


workers are given in[irrmation abtiut
the business to allow ftrll sta{T
involvemcnt

managers ds:legate vrrtual l-v., al!


authority and decision nraking
po\\,efs

Conliontation

A shop stcward is an ol'tfcial nrsnrber of

(A)
(B)
(C')
(D)

marlagers do wlrat lhcy thrnk is bcst

(ct)

the crrganization?

r6

(A)

for the workers

settlcments on cr]mpler issues rvithin the


shortcst prrtsible time. \trr'trich of the fbllorving
stra:egics is he rising to manage conflict r+ithin

{A)
( Bl
(C)
( l))

One fcature cll thc patemalistic lcadership


style is that

credit unir:n

ancrrkers'council
an ernpl<l5crs' associaLirrn

l-h* IVIAIN puqxrse ol


is !o show the

a.n

0rgalliratir)Ir:rl c.hart

{A)
(B)

krcrticrn clf irs dcpartrneilts

(C')

order in rvhich the work should be

(D)

lincs of authority and levels

typc of r,r,ork to be carried out b;'


cmployecs
can'icd orrt

t7

The N{AI5l objectives nf conrinrrorrs stafl


appraisal are

[.
IL
III.
IV.

irnpnrl'e efllciencv

identityu-ainrngneds

identi$

2l

areas of u'eakr,ess

anrive at u,agc paytnent rales

(A) . il and lV ot.tly


(ts) l. Il and IV onlv
(C)
l. lll and IV onl-v
( I ))
tI, ITI and IV orrlv
l8

Which of the tbllo*'ing is a non-financial


rerr,,ard?

(A)
(D)
(C')
( t) )

o1"

hicrarchv in an organization

tcr

'.,

Which of the lbllou,ing theorists is kn.rrvll as


thc 'F:lther ol Scientific Managernent'?

(r\)

E.lton Ma.vo

(B)

Max Weber

tc)

Frctlerick Taylor

{D)

Dorrglas

Mc(iregor

Which of the follorving stat.emcnts Bf:ST


describcs a teature ol- ccntralized
organization?

(iain sharing
Job enriclunent

(A)

Employees are ernpo*,ered to make

I-r.rnrp-sumtrelnus

(B)

Decisicu-nrakirrg lies rvithin thc

(c)

Aritor:on:f is given to rhose at the

(D)

Managers clulcgatc tasks to the

decisions,

upJrr levels of tlre orgalization.

Ilnrployees stock orvnership plan.

lorvcr levels.
pcriphery..

;ffi:

AlAa

"'JFfl;

C^RIBBEAN'NTERNANONAL

COI.EGE

906-4493, 96A-a42?
23

t&?rich ofthe lirllou,ing is


L[iAST likely to be
the objectives of an apprajsl systsm?

(A)

'lb

Ernployces in Company .A,are told to come


to work and jirllorv the inlitructions that ars

given. Which leadership style is being

encourage and suppon planned

char:ges

(B

27.

practised?

withing the titm

((:)

To consider the der.eiopment of.rhc


individual's career
To recognise the tuturc needs of'the

(t))

Io identity errployees in

(A)
tsi
(C)
(D)

Directive
Parcrnalisric
Laissez-Faire
Consritutional

indrr"idual

rhe

organization who have potentiai

for advancenrcnt

il

ri

.{l

',vhich level ol l\iaslow's hicrarchv of


would 'open and honest c()mmuni.itinn
among cmployees' be applic.ablel)

28

needs

21

When entplol.ees are allovvcd to develop and


carry our plans rvitJr high levcls of cflirn- rhcv
are applying Fayol's principlc ol'

)
{R)
(C)
(D )
iA

.
B.)
(C)
(Dl

/ (A)

Strcral

initiatir.c
aurhoriry

Sat-ety-

Esteem
Self-actualization

discitrrline

unity of dircction

lhc

29

'systern approach' applres tsEST to

nlanagenent because it

25.

Which of rVlaslow,'s hierarchl.of neerls would


organization be satistying if ir provides its
rvorkers u'ith pension plaoslt

(A)

an

26

{A)

Social

(B)
{C)
{D)

Securitr'
Self-esteem

Which ol- tlre tirlkrr+.ing lcadcrship swles ls

r\utocratic
Dcmocratic
I)atcrnalistic
Constitutional

of

managem-ent

(ts)

places ernphasis on tlrtr classic:al

iC'1

eurphasizes the humanistic approach

approach

(D)

is a r:oniinuorrs
flovr bet',r'ecn tunctrons or

sccs management

Phr,siologicll

t\,|()S1' suitable fbr an experienced and


llexiblc pcrson?

(4,
(B)
(C)
( D)

cncouragcs all the othcr theories

depafirnents

30

A head rtttice rvanG the local buildins srrcieties


-Which
to clrange

nrongage interest rates.


of
lirlh twinc cortrmun ical.ion ne{w orks wrrultl
be ll{05-l suitable tbr senrJing rhis type oltl rc

rresslge?

,\,
ts)
((' )
( I) )
(

Reporr

Ielcphone
Notice board
lVlcrrrrlrandum

6A
-&se'l%-,*

;6;%;:l^fitff;=,

{
i

3t.

Which of tbe following BST defines

'l

debenture?

Working capital is oftcn dcscribed as the .life


blood of a busincss'. Which of thc l'ollorving

(A)
( B)

.A bank loan
'*.ith a frxed rnterest rate

ofworking capital?

(c)

A long-term loan u,itlr a variable

(D)

interest rate
A shon-term loan with pri.ncipal pard

35.

options BL.S'I' describcs proper rnanagemetrt

A long-teml loan rvith a l-xed interest

(A)
(ts)
(C)
(D)

rate

at maturit_v dale

36
used to finance a businessl]

I.
IT.
III.
lV.

(A)
(R)
(C)
(D)

(A)
(B)

(c)
(D)

lssuin-g shares

Bank overdraft
Retained profits
Sale and leaseback

I and III only


I and lV only
III and IV only
I,

III

31

lcasrng

overdratt
rrade credit
standing order

Proiitablc firrns have cashllow problcms


bccause

and .IV only

(.A)

outstanding accorutts rcccivables are

An example of an brangible asset is

(ts)

pavments to trade suppliers are

)
( rl )
((l)
( D)

cash
debtors

(c)

discourrts are given for pr()mp(

gtxxl$ill

(ll)

shareholders demand proposed

3f,

(,A

:14

A type ol'external finance

w,hich ol'lers
flexibitity and the ab'ility to access tuncls .over
and abovc' bank balances is krrorvn as

Which of the tbllorving are intemal sources

32

Increased stock lcvrrl


lmproved cash [low, forecasts
Increased credrt to purchosers
Impror.ed research and developmcnt

trxrhigh
delayed
pu_\ment

mr>tor vehicle

'l he 1'l IRLI main components


of

divrdends

a cash

llow

slitlcment ilre

(r\)

oJrcratirrg activitics. invcsting

(tJ)

()l)L:ratrng

ac

r'

tics, f-unds tlow.

activities. financing

ucrir,i ties. issuing shares


rssuitrg sharcs. tunds t'l<rw., Iinanr-inEr

(l))

opurutln!: activrties, invcsting

(-

uclr

vrtics

tct rvities, linancing activitics

6
906-4493 , 968-8427

ltcm 38 ret'ers to rhc graph below rvhich


illustrates the net present values of an

.10

investmcnt proiecr-

Which of the follou ing accourrting conccpts


includes an unpard bill in the profit and loss

acc0unt'-)

(A)
(B)
i(:)
aD)

20 000

r0 000

4t

5 00{}

Accrual

Prudcnce
llouble enly

(ioing conccm

Rock Sreel (,ornpany is a snrall pri\,are


conlpanv trying to s()urcc long_term
investmerrt f-unds ro tinencc operattons.

\A:hich ot-rhe follox'ing rKruld bc rhe IIHST


source of funding?

e
7-

(A)
(B)
tC)
( D)

(s o00)

Sharc issr-tc

()lvner financc
Bank overdrai
Venture capiral

Oiscount Rate {?ir)


-18

The disc{)unt ratc :rt rvhich the I.R.R, occurs

42

their slrort-terrn pa!'nlcnts- Thc firrt

ls

(A)
(Bi

((r)
(D)
39

Philbcn }{ardu arc is finding ir diftictrh to nlcct


nralrRge rhis situarron by r.rrilizrng

lo

lirllow ing tochniqucs g.XCLp'I-

o/o
0.6

(A)
)
(C)
(D )

l5'.'.r

t7

(B

e4

proprietoruhip in autourobilc r.cpairs. ln ordur


fo be cornpctitivc hc $ ill har,c to invcst in thc
rs rhe lv1( )S

{A)

(ll)
(c)

(D)

entsring ovcrdralt ararrgcments rvith

ltr-rn 'llrclcrs lo thc fbll(ru'ig tablc rvhich


liol)r thu bcrols of pB's Ltcl.

nlust currerlt teclrnologlr. Which of the


lirllon.inu

increasingdebtordays
irrcrea-sirrg credit ptrrchases
selling tnore on a cash basis

tranks

Edu ard ,lorres decirled to slart a sole

flnance lbr Edward?

can

all of tlre

sholvS an cxrr-acrt

nppr()prtat \rlrlrce (rl'

Ncl

infl crrr tionr operation

Ta.ration paid

Bank Ioan
Share issrrc

Pavment of {-r-red asset

Dcbcntures

Share issue

Rctaincd eamings

{3

The closing cash balancc is

(A)
tB)
(cr)
(D)

2 00()

$ 26 000
$ 2t3 O0o
$ 40 000

sl2

000

905-4493 , 968-8421

44.

A motor vehicle with a cost price of $20 000


and a scrap value of $4 000 will be used in a
business for 4 years. What is the yearly

depreciation of the motor vehicle

if

Item 45 refers to the follorviag lable which


shows an extract tiom the books of North
Star Co. Ltd.

the

- -

$;

straight-line nrethod is used?

--l
I

Sales

(A)
(B)

s4 s00

(c)

furdrases

s.5

0{}0
s5 500

Closing Stock

(D)

s4000

Opening stock

45.

r5 000

700

The gross profir of North Star Co. Ltd is

(A) $ 250
(B) S 7 000

(c)

(D)

5U)
9 000

2,1

$ 7 zsa
Sl2 500