Office Admin
Which of the following methods can be used for written communication to staff members?
I. Circulars
II. Letters
III. Index cards on files
a) I only
b) II only
c) I and II only
d) II and III only
c) I and II only
A movement along the demand curve results from a change in
a) Price
b) taste
c) supply
d) income
a) Price
An advertisement that evokes an emotional response and aims to increase demand for an existing good or service:
a) Competitive advertising
b) Informative advertising
c) Persuasive advertising
d) Reminder advertising
c) Persuasive advertising
The Provision for Doubtful Debts Account
a) records a sum of money set aside in case the debtors cannot pay
b) has a debit balance
c) records an amount to be deducted from the debtors in the Balance Sheet
d) records the amount to be debited to the Profit and Loss Account
a) records a sum of money set aside in case the debtors cannot pay
Mrs. Jones was selected for the position of receptionist of an engineering firm. On accepting the job, she was given a document outlining the work she is expected to perform. This is called a job.............
a) Listing
b) Evaluation
c) Description
d) Specification
c) Description
Which of the following could increase the price elasticity of supply of a product?
(A) An increase in income
(B) A change in consumer preferences
(C) An increase in the price of complements
(D) An increase in the time period under consideration
D An increase in the time period under consideration
The chain of command in a business organization refers to:
(a)The channels in which information is transmitted from top to bottom
(b)The number of subordinates a supervisor has control of
(c)The person to whom a worker can complain
(d)The extent to which an individual must follow orders
(a)The channels in which information is transmitted from top to bottom
Mr. Smith, a small grocery store owner, takes stock of his inventory every month to determine the value of his merchandise. As he bought several of the same items for different prices, he assumed that the set of goods he bought first would have been sold first. Which valuation method is he using?
a) LIFO
b) FIFO
c) GIGO
d) AVCO
FIFO - First in First out
Clare Lee is paid a basic wage of $8.00 per hour for a 4O-hour week and $9.60 per hour for overtime work. Last week Clare worked 48 hours. What was her total wage for the week?
(A) $ 76.80
(B) $ 320.00
(C) $ 396.80
(D) $ 760.00
c) $ 396.80
A market structure in which there are many buyers and many sellers and where the products are identified by their brand name is known as
a) a monopoly
b) a perfect competition
c) a monopolistic competition
d) an oligopoly
a monopolistic competition
Consideration in a contract can best be described as:
a)The acceptance of a counter offer
b)The willingness to create legal obligations
c)Being respectful of the seller’s feelings
d)The exchange of benefit between parties
d)The exchange of benefit between parties
Assets and capital will both increase when:
a)a debtor is paid by cheque
b)the owner brings a new motor van
c)goods are returned to a creditor
d)the owner withdraws cash for his personal use
b) the owner brings a new motor van
Within a meeting context, a proposal that certain action be taken is known as
(A) A motion
(B) An Agenda
(C) A casting vote
(D) An amendment
a) Motion
Which of the following is a monetary measure that could be used to increase employment?
(A) Reducing interest rates
(B) Increasing interest rates
(C) Reducing government expenditure
(D) Increasing government expenditure
A) Reducing interest rates
Money put aside to facilitate future consumption can BEST be described as:
a) Investment
b) Savings
c) Dividend
d) Capital
b) Savings
A business’s Balance Sheet includes the following: $
Inventory 10 000
Bank Overdraft 3 000
Accounts Receivable 9 000
Accounts Payable 8 000
What is the business’s working capital?
a) $8 000
b) $10 000
c) $14 000
d) $16 000
a) $ 8,000
Which of the following statements describes an applicant’s curriculum vitae?
(A) A brief account of his life history and work experience
(B) A comprehensive report on his vital scores obtained during a course of study
(C) An extended list of his dossier and interests
(D) An outline of the curriculum covered at the secondary-school level
(A) A brief account of his life history and work experience
The balance on visible items is +$200 million.
This is a surplus on the
a) capital account
b) balance of trade
c) current account
d) balance of payments
B) Balance of Trade
The pricing strategy where a firm sets the price of a product so low that it discourages other firms from entering the industry can be labelled:
a. penetration pricing
b. limit pricing
c. predatory pricing
d. psychological pricing
c) predatory pricing
A cashier at a leading private high school, responsible for collecting school fees from students, uses the fees from time to time to loan to employees, charging the employees 10% loan. The cashier hopes the employees repay quickly so that the missing funds will not be noticed. Some employees have not been repaying the loans and the manager has now asked the cashier to account for the shortages in the cash. Which of the following has the cashier been committing?
a) fraud
b) tax evasion
c) theft
d) errors
c) theft