B't· ·· cs' 2.

[F·: LJ I'r\"."Pt,-q [l
ofa s o l e p r op r ie tor
wwch ofthe fo uo wing typ e s of b u sin e ss 4. The le galre spom ibility
owe d by-the b us i nes s is
e nviro nme nts is MOS? typic al o f.. T h e to p ay any mo ne y
as
Co mmo nwe alth Ca r ib b e a n ? d e sc r ib e d

risk
(A)
(A) Cor p or a te s tate insutance
Mixe d e c on om y (B)
(B) imite d liability
(C) Ce ntrally p la n n e d (ci
un\imite d liability
Pe rfe ctly co mp e titive @)
(I»)

Mvate e n te r p r ise is
nm MAINLY t o
NOT a fu n c tion 5.
Whic h ofthe follomg i8

of m one p c r e a te p ro Ets
(A)
(B) r e d u c e inflatio n
(A) Indivisibtlity d istr ib u te g ood s a n d
se r vic e s
S tor e of va lu e
(ci
(B) fo r m or e p eo p l e
(D) p r ovid e jobs
(C) Me a su r e of va lu e

(D) Me d ium of e xc h a n g e
a n d th e p r oc e d u r e s
S e le c tin g th e ob je c tive s
m as
Mr achie ving g oa ls is r e fe r r e d
A MAJOR functio n of th e p ub lic s ec to r

is to
(A) p lanning
(Bi or g a n izin g
make a proEt co ntro lling
(A) (ci
(B) se r ve m e e n tir e p op u la tion (D) mo tivating
se r ve th e i nteres ts
of O e s hareho l d er
(C) a m on g b usi-
(D) in sp ir e co mp e titio n
nes s es
 W r e fe r s to
the
following d ia g r zu n
re lating to th e str u c tu r e
of an o rg a

7. Mch· M& flihbMng p o sitio ns wo uld b e BEST su ite d a t X?

m) Chief ad viso r
(B): B6ard ofhilectors'
(C) Managirig ilire c tor
(D) Human re so urce manag e r

Wnich of the following a c tion s d e m on -

wwch of the following actio ns BEST 9.
I
g u u u I CAU W
-describes c harac nsnc s 01 a
str a te th¢
a n authoritarian le ad e r?

insp ire s wor ke r s

Willing 1
take sugge stions
(A) to
n. D e le g a te s r e sp on sib ilitie s
(B) Allowing workers toplan the ir o wn Make s intelligmt d e c ision s
m.
work

(D)
CUUDWULUVM
Consulting stake holde rs who
without@)
ml l a n d m o nly
nand m only
(C)
b e affe c te d by de c isiom
(Di I, n and m
10 :
Whic h of th e
fo llo wing nrc
b enefits of 14
Th o c on d e n sM
J Vc rai o n ofth e b usinm
i a c o ntai ned p l an
Instant fe e d b a c k in th e
II
III mvides
Ugem
e vid e n c e (A) fe a sib ility p l a n
for d e ta ile d (B)
mes s ag es m a r ke tin g p l an
(A) (C) ke yn ote str m n n a r y
I and U o nly
(B) I and tn o nly
(D) e xe c u tive mmary
(C) nand III
only
An a n a lysis of th c
viability 6f a Minm
i d ea a n d an e xa m in a tion of
the d ia e r e n t
aswts of op e r a tin g a b us i nes s is kn own
Und e r whic h of th e
wo uld s ub s i d i z ed meal following
s for
c ateg o ri es
e m p loye e s fal l ?
(A) b u sin e ss p la n
'(A) Fringe b e n e Gts (B) marke t surve y
(B) (c s fe asib ility stud y
Duty a llowa n c e
(C) m) r e se a r c h p r op osa l
Wa g e s a n d s al ari es
m) Wormen's c om p e n sa tion
16 An e n tr e p r e n e u r may r e d u c e
Ms risk of
lo ss by
wHch o f. The following is a re gulatory
issu e for the e n tr e p r e n e u r ?
(A) p lanning ahead
(B) se c u r in g b ank
(A) Using a c r e d it c ard to tr a n sa c t l o ans
(C) sp on sor in g
b u sin e ss co mmunity prokts
(D) p urchasing a d d ition a l Gxe d a s s e t s
(B) omring h ir e p urchase o p tio ns to
custo me rs
(C) Paying national insurance to the IMEU r e fe r s to th e
g o ve rnme nt following case.

(D) Advertising the b usine ss locally Me lissa, a

te e n a g e r, wa n te d to e a m e xtra
and regionally inco me , so sh e
to omd wm
c a rs for $10 .
Miss Hisds brought h e r car to b e
wa sh e d _
Me lissa washe d th e c ar a n d
Cash use d to se c u r e a loan at the bank Miss mds
is
paid he r $15.
re fe rre d to as

17. What type of c on tr a c t i s d e m on str a te d in

(A) c ollate ral the c a se ab o ve ?
@) fixed a sse ts

(C) c urre nt asse ts

(A) S o cial
m fixed de posits (B) Simple
(C) Busine ss
(D) Specialty
 A c on tr a c t my b e d i s c htug c d by

WH:, H:
!
(A) b reac h ₤ piz
(B) c h a n g e of m in d
(C) in c on sid e r a d on 1ti.
(Di m isa p p r op r ia tion

wwch ofthe mllo wing fa c tom p r e ve n t (8 )

an agre tm m tm m b e in g om id e r e d avalid
c
c on tr a c t? 23. T"hi"
(A) Co mid e rad o n '
'"h: :""'"nd. Tri.. Dm%
(B) Le g al p u r p ose (A) s'"i"
(C) Misr e p r e se n ta tion
(D) omr a n d a c c e p ta n c e

The monthly paym e nts bade t o an

in su r a n c e c om pany. By its polic yholde rs 24. whi. h_ of
are]moml as LEAST lik.Iythfolio:"g""lts
t.O'"r fr"gram in is
'"ani. Ti o n7
an

(A) d e p osits
(B) p re miums (A) GT'"P.'" '"vity
(C) instalme nts (B) G"".'"mi°°'".Bo-
(D) endoments (C) In'""d.. Mmm· .T i. n
m) ln'"as, d c apitd in...Tm .. t
mch ofthe following co nd itio ns would
c om im te atink¢ ge be twe e ntwoindustrie s? 25. Pr. Du. Dvity can b e m e a sm e d by
(A)

(B)
moms
g o o d s.
One firm shares the use of
m anufac ture similar
(A)
m
niachincry with anothe r lirm,
(C) mo lirm s are re sponsible for the
m anufac ture ofdimrentkinds of
goods.
m Tb e output of o ne industry of the
e c onom y b e co me s the input of
anothe r industry.
 ch of t h e
H§ T
BES followin g
b e c l as s i fied
ae a
busineaaea may 31
c o ttag e ind usq ?
(A) Marys Cr a ft S uppliea, l o c a t e d at
ho me
( B) J M N S up emmrei lo cam in a ruml
area
(C) P eter a n d J o hn' s
c o mp an% l o c ated
i n J amni c a
1D) Pe iople '8 Co o p erati ve Bam l o c a te d 3 2.
in mdad

2 7. T he amo unt of la b ou r · a va ila b le fo r

p r od u c tive activity is]m own a s

(A) e m p loym e n t
(B)]abour for c e
(C) l ab o ur m ove m e n t 33.
(D) e m c ie n c y of la b ou r

(A) La b e l
Me BES T m e d iu m of a d ve r tisin g fo r an (B) P atent
a r e a wfth Mg h ve h ic u la r traflic is (C) Br a n d
(D) Copyright
(A) p oste r s
(B) m a g a zin e s
(C) n e wsp a p e r s 34. wwch of the fo uo wing fa c tor s i s LEAST
(D) p o int of me d isp la ys like ly to in a u e n c e c on su m e r be haviom

(A) mduct p r ic e
Me te rm ' ]oss le a d e r ' is BEST d e sc r ib e d (B) Br a n d loyalty
as a p ro d uct which (C) quality of g o o d s
(D) P la c e of r e sid e n c e
m) h a s no r e a l m a r ke t value

(B) th e r e ta ile r is mab le to loc a te

(C) th e r e ta ile r g ive s away to c u stom e r s 35. wwch ofthe following d oc u m e n ts sh ows
(D) i s sold cb ¢ aply to a ttr a c t c u stom e r s o wne rship of imp o rte d g ood s?

(A) Bill of lad ing

30. Mduc\price, prom otion a n d p la c e a r e (B) Import lic e n c e
co mp o ne nts of a (C) Letter of cre d it
(D) Bill of e xchang e
(A) m arke t study
(B) marketing mix
(C) m arke t re se arch
(D) sa le s prom otion
 36. J o hn wL. sh
m
i n h is
Xbm fr om
commmty.
a nwby
39. JB Auto Com pany d e c id e d t o e xp o rt c ar
e n g in e s Eo m. Barb ad o s to T rinid ad .
He b u ys g ood s
a n d se lls
small
th e m in of th e following me tho d s is BEST Whic h
su ite d
sup e rmarke t J oh n wo uld b e fo r transp o rting ae c nginm ?
to h is custo mm.
qu a n titie s
m
Air
Io
.' re fe md (A)

(A) m agent
a b r oke t
(Bi
(C) a r e ta ile r (D) Ro ad
wh ole sa le r
(Di a

40 A mck m arke t is ide ntiEe d with

c an b e c l eaned m
37. Inve sme nt
(A) c osts a n d p rice s
th e stoc k o fg o o d s ofa c ountry
(A) (B) risks and b e ne 8ts
m th e am om t'of mo ne y availab le at (C) re nt and inve stm e nt
a g ive n time (D) pre m ium a n d re ward
(C) a d d ition s to th e cap ital sto ck of a
c om try
(D) tb e amo unt ofc apital owed by the 41 Mfhich ofthe following is the Gnal
g o ve rnme nt ste p in
a supply. c hain ope ration?

(A) mf ormation of nam r e sou r c e s

im
3& Log isd c s in b u sin e ss is de m e d as
into mshed p ro d ucts
@) Movement to and
(A) manag ing , d ata from co nce p tio n, storage of raw
m ate rials in the ware house
p r od u c d on and stor a g e to · reoeval
(C) Proc e ssing of· raw m ate rials and
into mshed goods
co mp o ne nts
(D) Delivering the nished product
& om Point of origin to
point of
''AW de stination

the n follomg through with

Pl odMon
(b) managing re sourc e s from the
Point of acquisition,
storage
and inansportation to
their fiml
de stinadon
r:' A d o b «l p o « i d o ni ng ryrte m (O P S ) p mvi d ea 45. A d eb q nM re ho l d er i s o ne wh o

in ve n tor ie s and
(A). Isaid a G xed r a te o f i n b e re s t

c om p a n y mnk es p ro l l t*
Um
m a n a g e th e ir
(B) mmt be p ai d any ounm o w\n*
red uc e e xp e n se s
th a tc a n b e m him i n the fo llo win8 ye a r
(B) s a te : lite :racking acrvims

.'
(C) has fir st c l ai m o n a n y p ro frts and
us ed i n c om m e r c ia l and p ers o nal
is

p ai d a fixe d ra t e o f d ivid e n d s
a p p lic a tion s
(D) is end tl ed to a fixe d r a te o f i nteres t
whe the r o r n ot th e c om p a n y
incre asing th c c tlic ic nc y 0 1
makm p r ofits
the ir m a n a g e m e n t in for m a tion
syste m s

-designem a void wa ste b y c r e a n n g

manufacture rs in
46. Gove r n m e n ts ofkr s ub s i d i es to b u s i n e s s e s m

m od e ls to a ssist
th e of im p or te d
mmg b m in e ss d e c ision s (A) in c r e a se p r ic e
g ood s
(B) in c r e a se c ostsa n d u ltim a te lyp r ic e s
a m ou n ts (C) red uc e c o s t s a n d ultim ue ly p ri c es
Mr J o nes h a s se ve r a l bim o flixe d m a oe m (D) fo rc e the m t o p ay c or p or a tion ta x
t o p ay eac h m on th . Mr J o nes
.

b a n k to m a ke th e se
amng e me nt with h is
fri Dm Ms a c c ou n t.
Ms
m onthly p ayme nts
th c b ank, is r e fe r r e d
47.0ne of th e MAJOR funcd o m of a c entral
se r vic e , provide d by b a n k is to
to a s

(A) issu e n ote s and c oin s

(A) an ove rdraft
(B) issu e stoc ks and sh a r e s
(Bi a fixe d d e p osit
(C) a c c e p t d e p osit a c c o u n t s
(ci a stand ing or d e r
(D) m a ke loa n s a n d a d va n c e s
(Di of cre d it
.t:
a le tte r
:

mch ofthe following is NOT a s o u rc e of

f——
fo rms of taxadon 48.
44. vn]ich bf the following inco me fo r a n ind ivid ual wh o eng ag es in
can b e c la ssib e d as ' d ire ct' ?
p e rso nal b ud g e ting ?

(A) Inco me tax

(A) S alarie s e a r n e d
Excise duty
@) (B) Loan re p ayme nt
(C) Purchase tax
Inte re st fiom sa vin g s
(C)
(D) Custoprs duty
(D) Dividends fro m inve stme nts
 WWCh of
I""d.d""II.
54. th c fo llo wing mc aaures c an b c

m""U

d
ba m
c o ns i d ered as in e c n tivc s to industrie
49.
byb· (A) r r a in in g e m p loye e s
De valuing l o c al
curre ncy
(B)

W....
(C) In c r e a sin g c oTp or a tion tax
(D) Inre asing in su r a n c e p re miums
§
."db""""· ·T gr'" SS. T he te r m ' e c on om ic d u a lism ' d e fin e s an
50.
¥: =A;, -..Ido'" '"gl'"tb· e c on om y in whic h o nc se c tor is

[A)-. Bil (A)

(B)
hig h\y d e p e n d e n t on lom cap ital
Mghly d e p e n d e n ton for e ig tr c a p ita l
1.. I£. d (C) ove r p op u la te d while th e oth e r is
( C)
(Dj
m· me d und e rp o p ulate d
(D) te chno lo g ically a d va n c e d while th e
oth e r is te c hnologic ally r e ta r d e d

m""'""?: '"me.
'_b.MCIT.Er..Ti.'"'"51Jred
p o; I' "
go· t' s e co . Om ic

56. Whic h of th e following m e a su r e s are us ed

p r ote c t th e e nviro nme nt?
le'" P.h.I..
to

(A) an in.R e a s e
in Me of
(B) an inm asc in Ue stand ard ofliving 1. Re c yc ling
(C) a decr, ase I. the level of II. De fo re statio n
lll. Wate r co nse rvatio n
(D) · d.. Re . S e I. the volum. of
pmdu. T i_ (A) land 11 only
(B) I and m only
(C) and m
Mch of U. Mllowing measm m u se d
11
only
52.
(D) I, n and 111
by go. Emme nts to re d is» ibute inco me ?

W
m
' Custo m d utie s m d 1,
Commption Mx end
vi.. 57. T he MAN p u r p ose of cmcoM is to

(C) TAYE and natio nal insruance

(A)' allow me mb e r sta te s to c olla b or a te
m) Exc ise d utie s m d mue a d d e d tax foster interregional
(B) trade-and
co mmo n se r vic e s
33. The buying and S . Mng of (C) e n c ou r a g e th e tr a n sfe r o fte chno lo g y
g o o d s and within th e r e g ion
se r vic e s amo ng co untrie s ie calle d
(D) allo w fo r th e m e stric te d mo ve me nt
of p e r som territories——
·

a m on b th e
(A) '
b alance of Mde
(B) inte rnational had e
(C) b alance of paym e nts
@) inte rnational mmketing
·
 m c ontrol'm ay b e d e fin e d as a 60 wwch of th e following or g a n iza tion s

a
wou ld s e ttl e a
d isp u te a m on g b anana-
tax on g ood s a n d se r vic e s
c ou n tr im of t h e Cari b b ean a n d
p ro d uc i ng
(Bi g o ve rnme nt b a n on im p or ts Ce n u a l Am e r ic a ove r a p referenti al
g rant g ive n t o p r od u c e r s to r e d u c e

« D) g o ve rnme nt lim it o n th e p r ic e of
(A) '

Wo rld Tr a d e O rg aniz atio n (WTO)

:
g ood s or se r vic e s Carib b e an De ve lopm e nt Bank
(Bi
(CDB)
(C) CARICOM S ing le Marke t and
59}.. wwch
WWCh of th e following, whe n in c r e a se d , Eco no my (CS ME)
wo uld NOT c on tr ib u te to th e im p r ove d (D) of Pe trole um
Organization
stand
sta n of living of a co untry?
n d aard
Exporting Cou n tr ie s (OPEC)

(A) Capita]goods
(B) Disposable in c om e
(C) Me c ountry's p o p ulad o n
(D) An inve stme nt in te chno lo g y