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Wtrich of the following entities eq>ericnce ]- An organisation described as having an
t
unlirnitcd liability? adapdve culture is one that
(A) L-ocal aurhorities (A) emphasises close relations *-ith
(B) Parurerships cuslomers
(C) Public corporatiorrs (B) focuses on cenrralised decision
(D) Pubtic tirnitcd comparues making
(C) discourages employees frorn taking
rtsks
Which of tl.c following is a featurc ofa free (D) ncverchangcs
market system?
906-4493 , 96a-8427
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Which of the following statements can be l3 Although a firm may be expcriencing
considsrcd a corporate objecriv€? diseconomies of scale, it may wish to contirnre
to expand. The MOST LII(ELy reason is to
tA) To be the mosr successful mobile
csmmunications group (A) increase its present ouput
(B) To iacrease rnarketshare by l}Yoper (B) become the marker leader
year (C) provide berter dividends ro its
(c) To mcet cusiomers'needs inboth the shareholders
domestic and regional areas (D) maxirnizeitsprofis
(1D) To provide a caring a:rd supponive
environment inthe service indust-y
l4 Which of the following BEST illustrates a
benefit of the 'brain drain' to the Caribbean?
A multinational corporation has decided to
relocate to a Caribbean country. Which of (A) A reduction in *re level of irnports
&e following is a potential benefit to tbe host (B) A rcduction in the training cost
country? (C) A posirive effbct on the balance of
paymcrrts
(A) Increase in foreign exchange (D) An increase in trade
eamirgs
(B) Lowcr transportation costs for rhe
finishodp,rodrrcr 15 The objective of Khan and Sorx t,td is..ro
(C) Better access to local natural increase market share by 15 percent in the
resources next year." Wbat typ€ of objective is
(D) Better knowledge of consumers, projected by Khan and Soru Ltd?
- taste
(A) Medium-terrn
(B) Tactrcal
I1. Wtrich ofthe following facrors is thc MAIN (C) Short-term
caus€ of conlliict in an orgarrisation? (D) Long-term
(A) Absenteeism among workers
(E) High rate of staff turnover 16. The classical writers placed emphasis on
(c) An authoritative style of leadership worlg management and rationa.l behaviour.
\ (D) lnequitabtc allocation ofresowces
Which of ttre following theorists is NOT
associated with the classical school?
t2. Which of thc following facrors will influence
a country's exchange rate if it uses *re floating (A) F.W.Taylor
exchange rate q;stern? (B) H" Fayot
(C) S. Adams
(A) Cer*ral Bankpolicy (D) M- weber
fB) Dcrnand for foreign goods
{c) Supply offoreign goods
(D) Dernand for local goods
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905-4493 , 968-8427
t7. A 'paternalistic' leaderis one who 2t. Which of the following isNOT an objective
ofoccrpational safety ud health legislation?
(A) involves zubordinates and makes
'Io educate management on their
decisionsjointly (A)
(B) guidcs ernployees sd tends to decide reryonsfoifities
for them (B) To prevent accidents in the
(C) looks bcyond his or hcr self-interest
wor$lace
and instead places the goals olthe
(cl To ensure that worksrs are properly
aained
oryanisation first
(D) etnphasizes the technical or task
(D) To irnpose a fine on managemenl if
ofajob they fail to prevent accidents
aspects
business?
(A) Founiry
(B) P€rforming
(A) Views of the owners or leadcrship
(() Achioring styl€s
(D) Norming
(B) The activities of informai groups
within the organisation
tc) Governrnent rcgulations and conhol
Which of the following is NOT a bcnefit of tD) Changesin tcchnologl
19.
teamwork?
(A) Allows new ideas to bs created 23. Which of the following stalements BEST
(B) krcreases responsibility
describes a feature of centralized
(C) hrcreases podttctivity organization?
@) EncouragessPscializatien
(A) Employees are empowered to make
dccisions.
20. Commrurication between people on the same
(B) Decisioo*naking lics within thc ryper
levels of the oryanisation.
level ofa business organisation is classified
as
(c) Autonomy is given to those at the
lowerlevels-
(A) bcrizontal
(D) Managers delegate tasks to the
(B) pcriphery.
vertical
(c) technical
(D) equilateral
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CA€'68€AN INTEFNArcNA! CO!!€GE liti
906-4493, 968-A427
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24. Tbe MOST likely reason for establishing 26. A Personnel Manager gives her staff 1-
tcams is to instructioru on how to perform atask. What
form of communication flow does this
(A) form frierrdships and support repres€nt?
(B) solveproblernsardinprovedeciskrn-
malqqg (A) Downwald
(C) developncw ideas (B) Upward
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25. Thc Board of Direcrors of a Public Limited Human Rcsource Management is important
Company needs to inform shareholders of a to all organisations because
special general meeting to discuss plaas for
an intendcd merger. Which nredium of (A) it is a legal roquirement
communication is BEST suited in this (B) they must engage in collective
sihntion? bargaining with t-ade unions
(C) it enables them to have open lines of
(A) Personal menro comrrsnication
(B) E-mail mcssage (D) peoplc determine the levels of
(C) Newspapr efficicncy
(D) Conpaay'sbulletinboard
tA) I\4atrix
(B) Iodcpcndence
(c) Burcaucratic
(D) Entrepreneurial
'17
905-41r93, 968-4421
A high-ly skilled group of w'orkers at a a1 A statement that gives the value of assets,
garme{rt facmry is NOT satisfied with the ciose liabilities and ow-nerb equity in a business at
supervision of their manager The Production a specified date is referred to as the
Manager is not satisfied with their level of
prodrrctivity. Whichofthe fotlowir4l is MOST (A) Trial Bala*cc
likely to irr,prove this sitr.ration? (B) BalanceSheel
(C) TradingAccount
(A) Increa-sing piece rates (D) WorkingCapital
(B) Less supervision of workers
(c) Encouraging autonomous work
grouPs The preparation of a company's arrnual
(D) Glwing workers time-off operatioual budgca begins with a
(A) A longterm loan with fixed interest 36. Wtrich of thc following are examples of the
rate MAJOR accorff ing concepts?
(B) A short terrn loan with the principal
paid at maturity date I. Doublcentry
(c) A long term loan with variable II" Accnrals
interest rate Iil. Posting entries
(D) A bar* Ioan with fixed interest rate IV- Goingconccrn
(A) marketprice
(B) speculation
(c) cross-listed stock
(D) marketorder
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CAFIBBEAN IffiEF
945-4493, 968-A421
37 Tbe Managers of TML Ltd are sourcing Items 4l - 42 refer ro the graph below.
fi-nancc to devclop new products. Whar
factors should lhey consider before rnaking The graph illustrates the net preserrt values
thedecision? of an invesrneatt proj ect.
L Sourceoffinalcc
II. Tirx implicati<rns 20 000
IIi. Competitors
f!'. Riskinvofued l5 000
(A) I andII only 41. The discowrt rate at which the Internal Rate
(B) I, II and III only of Rchlm (l.R.R) occurs is
(C) I, II and rV only
(D) Il, tII and IVonly (A) 5vo
(B) tu/o
(c) tsys
39. ln which ofthe followrng accouDts is int€fest (D) l7o/o
paid on dcberrtures eharged?
(A) Ap,propriationAccount 42. What is the net pres€f,rt value of the investncnt
CB) CurrentAccount at arate of l5o/o?
(C) TradingAccount
(D) Profit and LossAccount (A) $ 5 OOO
(B) $ 6000
(c) $l00oo
40. Which ofthe follow'ing cooditions indicates a tD) $16000
higNy gearcd company?
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906-4493, 968-8427
Thc following information is anextract &om ;15. The extract below was taken from the
the {irm AIi and Sons Ltd at 3l December TradingAccount of a business enterprise .
2W
OpeningStock
CurrentAssets $160000 Sales
I-ong terrn Liabilities $200000 Purchases
FixedAssets $300000 Closing Stock
liabilities
Current $ 60 000
OpeningStockl/VA1 $ 600.00
Purchases $6800.00
Gross Profit $3 600.00
Sales $9 000.00
Closing Stock 3l/3/07 $t 400.00
(A) 2times
(B) 3 times
(c) 6times
(D) 9tirnes