The term "stakeholder" refers to someone who:

Has a personal interest in the decisions made by an organisation

Which of the following exemplifies a barter economy?

Goods and services are exchanged for other goods and services

Which of the following would be considered to be unethical business behaviour?

Dumping waste and causing pollution

The code of ethics of a company should set out:

The company’s commitment to doing the “right” things

The role of a compliance officer mainly includes:

Making sure that a company meets legal standards and requirements

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Nature of Business and Money Chp 1

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#CSEC #Principles of Business #Alexander #Trinidad and Tobago #CUC #Secondary #CXC #Types of Business #Money #Nature of Business #POB Multiple Choice Oxford Text Chp 1

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Questions 14

Answers

1
In which C'bean economy has the gov't traditionally exerted the greatest amount of influence over production decision?
Jamaica
Bahamas
Barbados
Guyana
2
The term "stakeholder" refers to someone who:
Wants to find out more about how businesses are formed
Has a personal interest in the decisions made by an organisation
Reads about business activity and takes an interest in the business
Is thinking about setting up a business of their own
3
Which of the following is part of the public sector of the economy?
A franchise
A co-operative
A public corporation
A public company
4
Which of the following types of business DOES NOT have limited liability?
A public company
A private company
A limited partnership
A sole trader
5
Which of the following exemplifies a barter economy?
Goods are not traded because there is no double coincidence of wants
A commodity such as cowrie shells serves as a means of payment
Goods and services are exchanged for other goods and services
Goods and services are exchanged for money payments
6
Which of the following instruments of payment involves a bank acting as the drawer on the customer’s behalf?
A debit card
A bank draft
A cheque
A bill of exchange
7
Which of the following would be considered to be unethical business behaviour?
Undercutting the prices of competitors
Dumping waste and causing pollution
Offering new products at low prices
Spending large sums of money on advertising
8
Which functional area of a business is responsible for the motivation and employment of people in the workplace
Marketing
Research and development
Production management
Human resource management
9
Making payments by means of a cellphone is referred to as payment by:
M-Money
Bill of Exchange
Barter
Telephonic Money Order
10
Who are the owners of a public company?
The individuals who originally set up the company
The shareholder
Service Revenue Officers
The board of directors
11
The process of transferring a business from the private sector to the public sector is referred to as:
Nationalization
Privatisation
Decentralization
Public sectorisation
12
The code of ethics of a company should set out:
The company’s commitment to doing the “right” things
Where the company head office is located
How the company expects to make a profit
The structure of the board of directors of the company
13
Where a bank account is set up to siphon off the proceeds from criminal activity this is described as:
A bank draft
Money laundering
Electronic funds transfer
Ethical behavior
14
The role of a compliance officer mainly includes:
Ensuring information technology staff are trained in new application
Looking after the welfare of the employees of a company
Providing information about an organisation and its activities
Making sure that a company meets legal standards and requirements

Nature of Business and Money Chp 1 Flashcards | StudBud