Page 106 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

1. Which of the following may be 5. Timothy is seeking direction in deciding
considered an activity that falls under the BEST way to organize his
the corporate social responsibility of a entrepreneurial venture. His first
lumber company? decision is to determine the form of
legal ownership.
(A) Cash donations towards
reforestation Which of the following aspects of the
(B) Supporting company fun-day venture has direct bearing on legal
celebrations ownership?
(C) Increasing workers‟ salaries and
wages (A) Growth
(D) Spearheading the growth of the (B) Liability
company (C) Taxation
(D) Profitability

2. When an existing company grants a
licence to another company to operate 6. Hawa is the owner of a female hair-
using the former‟s name and design to styling salon. Pasha is an entrepreneur
provide the same service, the managing his own barber shop. Due to
arrangement is called individual challenges they are facing,
the two have decided to merge their
(A) a franchise businesses to take advantage of their
(B) a partnership individual expertise.
(C) an undertaking
(D) limited liability Which of the following forms of
business would be MOST suitable for
the new venture?
3. Which of the following contains
guidelines for regulating process and (A) Franchise
service standards irrespective of the type (B) Partnership
of business? (C) Corporation
(D) Non-governmental organization
(A) COSSH
(B) ISO standards
(C) Employee Handbook 7. Max is a professional accountant who
(D) Economic Partnership Agreement has decided to go into the preparation of
fast food for sale. His business adviser
has told him to purchase yellow cones to
4. Which of the following organizations be placed on wet floors in the restaurant.
would MOST likely provide financial
and technical assistance to implement a Which of the following regulations
business idea? covers this advice?

(A) IPO (A) Tax and profits
(B) Banks (B) Employment law
(C) Angel investors (C) Registration of business
(D) Business development agencies (D) Occupational health and safety

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02224010/SPEC 2013