MGT211 Final Term Past Paper 1

Q1. When the amount of government spending exceeds the amount of revenues, the result is called: (1 marks)

Trade deficit Budget deficit Balance of payment Opportunity cost

Q2. What characteristic motivate a person to start his own business? (1 marks)

Earning large incomes Being his own boss Challenge All of the given options

Q3. Firms can ensure responsibility to customers by: (1 marks)

Safe manufacturing techniques Proper disposal of waste Seeking feedback about product Full financial disclosure

Q4. The position of “chief financial officer” is considered to be a: (1 marks)

Supervisory position Top management position First-line management position Bottom-line position