WASSCE style · Study mode
Question 1 of 50
A business owned and controlled by one person is a
Question 2 of 50
A major disadvantage of a sole proprietorship is
Question 3 of 50
Shareholders of a limited liability company enjoy
Question 4 of 50
A business owned and managed by members for their mutual benefit is a
Question 5 of 50
The management function of setting objectives and deciding how to achieve them is
Question 6 of 50
A leadership style in which the leader makes all decisions without consulting staff is
Question 7 of 50
Introducing a new employee to the organisation and the job is called
Question 8 of 50
Training given to workers while they do their actual jobs is
Question 9 of 50
The four Ps of the marketing mix are
Question 10 of 50
A middleman who buys goods in bulk from manufacturers and sells in smaller quantities to retailers is a
Question 11 of 50
A business owned and run by the state is a
Question 12 of 50
Comparing actual performance with planned targets and correcting deviations is
Question 13 of 50
The "father of scientific management" is
Question 14 of 50
The principle that each employee should receive orders from only one superior is
Question 15 of 50
The number of subordinates a manager supervises directly is the
Question 16 of 50
According to Maslow, the highest level of human needs is
Question 17 of 50
Passing authority to a subordinate to carry out a task is
Question 18 of 50
The process of attracting suitable candidates to apply for a job is
Question 19 of 50
Dividing a market into groups of customers with similar needs is
Question 20 of 50
The document that sets out the relationship between a company and the outside world is the
Question 21 of 50
The document that governs the internal running of a company is the
Question 22 of 50
Setting a low price to gain a large market share quickly is
Question 23 of 50
A business has fixed costs of GH₵ 6,000. Each unit sells for GH₵ 10 and has a variable cost of GH₵ 7. Find the break-even quantity.
Question 24 of 50
The government agency where businesses in Ghana are registered is the
Question 25 of 50
A contract made with a person below 18 is generally
Question 26 of 50
A shop displaying goods with price tags is making
Question 27 of 50
The marketing mix extended for services adds people, process and
Question 28 of 50
According to Herzberg, salary and working conditions are
Question 29 of 50
McGregor's Theory Y assumes that workers
Question 30 of 50
An invitation to treat, such as goods displayed in a shop window, is
Question 31 of 50
A contract with a minor for non-necessaries is generally
Question 32 of 50
The document that sets out the internal rules of a company is the
Question 33 of 50
Herzberg's hygiene factors include
Question 34 of 50
Dismissal of an employee for serious misconduct is called
Question 35 of 50
A firm with current assets GH¢60,000 and current liabilities GH¢40,000 has working capital of
Question 36 of 50
A major advantage of a public limited company over a partnership is
Question 37 of 50
A holding company is one that
Question 38 of 50
F. W. Taylor is associated with
Question 39 of 50
McGregor's Theory X assumes that workers
Question 40 of 50
Management by objectives (MBO) involves
Question 41 of 50
Maslow's highest level of needs is
Question 42 of 50
Collective bargaining is negotiation between
Question 43 of 50
A product in the maturity stage of its life cycle typically has
Question 44 of 50
Psychological pricing such as GH¢9.99 aims to
Question 45 of 50
The divorce of ownership from control occurs mainly in
Question 46 of 50
The Hawthorne studies led to the
Question 47 of 50
Herzberg's motivators include
Question 48 of 50
The Boston Matrix classifies a product with high market share in a low-growth market as a
Question 49 of 50
Factoring involves a business
Question 50 of 50
A disadvantage of financing with debentures is that
Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.