CSEC Principles of Business

PPO Set 1

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Q1
Choosing goals for a small enterprise and deciding the steps to achieve them is called:
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Q2
Which actions show the qualities of a strong small-business leader?
I. Motivates the team
II. Assigns responsibilities
III. Makes sound decisions
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Q3
A major purpose of the public sector in supporting small businesses is to:
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Q4
A suggestion box in a small company mainly helps gather employees’ ideas on how to:
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Q5
Studying whether a new small-business idea can succeed is known as a:
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Q6
Which advantages apply to someone starting a one-person business?
I. Easy to start
II. Profits are shared
III. Flexible work hours
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Q7
Which statement BEST describes the role of a trade union in small or large businesses?
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Q8
Which action is NOT considered unethical in the operation of a small business?
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Q9
The person who combines resources and takes the risk of starting a business is the:
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Q10
A leader who steps back and allows workers to make most day-to-day decisions is best described as:
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Q11
Which type of economic environment is most typical in Caribbean-style small business communities, where government and private firms both operate?
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Q12
The 'business opportunity' section of a business plan mainly describes the:
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Q13
In a small business, long-term company rules and policies are usually created by the:
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Q14
Which position belongs at the highest point in a small company’s organizational chart?
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Q15
Cash or property offered to the bank as security for a business loan is called:
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