Page 107 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

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8. Which of the following types of 12. Which of the following may be
business has unlimited life and allows considered unethical behaviour on the
for the easy transferability of ownership part of a dairy product venture owner?
interest?
(A) Giving cows minimum medical
(A) Partnership attention
(B) Corporation (B) Milking cows only when they
(C) Sole proprietorship are healthy
(D) Limited liability partnership (C) Allowing cows to graze on
clean, authorized grass
(D) Implementing medical advice
9. A Caribbean government recently asked given by veterinary officers
an airline to obtain a licence before
operating in that territory. This means
the airline was being asked to satisfy 13. The legal protection of a word, name,
phrase or a symbol granted to a venture
(A) a social obligation is known as a
(B) a legal requirement
(C) an ethical obligation (A) patent
(D) a corporate social responsibility (B) domain
(C) trademark
(D) copyright
10. The Corporate Charter is BEST
described as the
14. Which of the following is a feature of a
(A) basic legal declaration contained „lifestyle‟ venture?
in the bylaws
(B) legal document that establishes (A) It is fast growing.
the corporation (B) It has great opportunity to serve
(C) set of rules and procedures customers.
established to govern the daily (C) It exists primarily to support the
operations of the corporation owner‟s standard of living.
(D) document that governs the (D) It makes research and
relationship between the development a priority.
workers of the corporation and
management
15. A company has decided to pay the
college fees of 50 children of poor
11. Which of the following courses of families living within its local
action is available to the regulatory community. This is an example of the
agency in a country if a registered company‟s
company fails to pay its taxes?
(A) legal obligation
(A) Prosecute the company (B) mandatory duties
(B) Arrest the company‟s (C) ethical behaviour
employees (D) corporate social responsibility
(C) Cut the company‟s source of
raw material supply
(D) Ask buyers to boycott the
company‟s products

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02224010/SPEC 2013