1993 WASSCE – BUSINESS MANAGEMENT - PAPER ONE

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1993 WASSCE Questions Business Management Paper
1 Section A
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1993 WASSCE Questions Business Management Paper
1 Section A
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1. An association of two or more persons who
come together to form a business with a view to
making profit is known as A. Joint stock
company B. Sole Proprietorship C.
Partnership D. Co-operatives
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1. An association of two or more persons who
come together to form a business with a view to
making profit is known as A. Joint stock
company B. Sole Proprietorship C.
Partnership D. Co-operatives
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1. An association of two or more persons who
come together to form a business with a view to
making profit is known as A. Joint stock
company B. Sole Proprietorship C.
Partnership D. Co-operatives
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2. Which of the following statements is not
true of an organizational chart? A. It
shows the various management positions in a
company B. It identifies the vertical and
horizontal relationships of the workers C. It
shows the profits made in one accounting year by
a company D. It shows the span of control
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2. Which of the following statements is not
true of an organizational chart? A. It
shows the various management positions in a
company B. It identifies the vertical and
horizontal relationships of the workers C. It
shows the profits made in one accounting year by
a company D. It shows the span of control
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2. Which of the following statements is not
true of an organizational chart? A. It
shows the various management positions in a
company B. It identifies the vertical and
horizontal relationships of the workers C. It
shows the profits made in one accounting year by
a company D. It shows the span of control
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3. The basic steps in the decision-making
process in an organization include I.
Establishing objectives II. Gathering
information III. Developing possible alternative
courses of action IV. Employing many decision
makers V. Appointing a board of directors A. I,
II and III only C. I, II and V only B. I,
III and IV only D. I, II and IV only
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3. The basic steps in the decision-making
process in an organization include I.
Establishing objectives II. Gathering
information III. Developing possible alternative
courses of action IV. Employing many decision
makers V. Appointing a board of directors A. I,
II and III only C. I, II and V only B. I,
III and IV only D. I, II and IV only
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3. The basic steps in the decision-making
process in an organization include I.
Establishing objectives II. Gathering
information III. Developing possible alternative
courses of action IV. Employing many decision
makers V. Appointing a board of directors A. I,
II and III only C. I, II and V only B. I,
III and IV only D. I, II and IV only
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4. Which of the following is an essential part
of a valid contract? A. Acceptance only B.
Intention to create legal relations C. Counter
offer D. A third party
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4. Which of the following is an essential part
of a valid contract? A. Acceptance only B.
Intention to create legal relations C. Counter
offer D. A third party
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4. Which of the following is an essential part
of a valid contract? A. Acceptance only B.
Intention to create legal relations C. Counter
offer D. A third party
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5. One advantage of a Sole Proprie-torship
is A. a high overhead cost B. ability to raise
large capital C. ability to take quick
decision D. impersonal service to customers
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5. One advantage of a Sole Proprie-torship
is A. a high overhead cost B. ability to raise
large capital C. ability to take quick
decision D. impersonal service to customers
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5. One advantage of a Sole Proprie-torship
is A. a high overhead cost B. ability to raise
large capital C. ability to take quick
decision D. impersonal service to customers
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6. The annual revenue and expen-diture of
Government are projected in the A. a
balance sheet B. balance of payment C. gross
domestic income D. budget statement
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6. The annual revenue and expen-diture of
Government are projected in the A. a
balance sheet B. balance of payment C. gross
domestic income D. budget statement
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6. The annual revenue and expen-diture of
Government are projected in the A. a
balance sheet B. balance of payment C. gross
domestic income D. budget statement
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7. Money serves as I. medium of exchange II. a
unit of wealth measures of wealth III. store of
value IV. balance of payment A. I, II and IV
only B. I, II, III and IV only C. II, III and V
only D. III, IV and V only
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7. Money serves as I. medium of exchange II. a
unit of wealth measures of wealth III. store of
value IV. balance of payment A. I, II and IV
only B. I, II, III and IV only C. II, III and V
only D. III, IV and V only
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7. Money serves as I. medium of exchange II. a
unit of wealth measures of wealth III. store of
value IV. balance of payment A. I, II and IV
only B. I, II, III and IV only C. II, III and V
only D. III, IV and V only
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8. Which of the following is a principle
underlining all insurance policies A. personal
accident B. child education C. utmost good
faith D. life assurance
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8. Which of the following is a principle
underlining all insurance policies A. personal
accident B. child education C. utmost good
faith D. life assurance
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8. Which of the following is a principle
underlining all insurance policies A. personal
accident B. child education C. utmost good
faith D. life assurance
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9. Trade between two different countries or
between companies in different countries is
referred to as A. Inter-company trade B.
Inter-country trade C. International trade D.
Multinational trade
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9. Trade between two different countries or
between companies in different countries is
referred to as A. Inter-company trade B.
Inter-country trade C. International trade D.
Multinational trade
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9. Trade between two different countries or
between companies in different countries is
referred to as A. Inter-company trade B.
Inter-country trade C. International trade D.
Multinational trade
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10. One problem associated with a developing
economy is A. over-employment B. rapid
population growth C. excess liquidity D. high
level manpower
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10. One problem associated with a developing
economy is A. over-employment B. rapid
population growth C. excess liquidity D. high
level manpower
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10. One problem associated with a developing
economy is A. over-employment B. rapid
population growth C. excess liquidity D. high
level manpower
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11. Which of the following economic unions is
made up of countries in West Africa? A.
EEC B. ACP C. ECOWAS D. UNCTAD
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11. Which of the following economic unions is
made up of countries in West Africa? A.
EEC B. ACP C. ECOWAS D. UNCTAD
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