Page 65 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

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24. Planning for unexpected growth in an 28. Financial funding (backing) offered to an
entrepreneurial venture involves entrepreneur in return for an equity
position in his/her venture is known as
(A) determining future goals and
objectives (A) leasing
(B) assigning tasks and allocating (B) outsourcing
resources (C) angel funding
(C) motivating persons towards (D) supplier financing
achieving goals
(D) ensuring that performance is in
accordance with goals 29. What type of financing is venture capital
funding?

25. Demographic segmentation strategies (A) Equity
separate potential customers into (B) Long-term debt
(C) Preferred stock
(A) age, gender and income (D) Short-term debt
(B) region, city and population
(C) loyalty, product use and culture
(D) lifestyle, social class and 30. The process by which a small group of
education people interact to produce a large quantity
of imaginative ideas is called

26. Which of the following factors should an (A) idealization
entrepreneur consider MOST when hiring (B) brainstorming
employees? (C) mind mapping
(D) group thinking
(A) Skills and education
(B) Wages, motivation and benefits
(C) Skills, experience and education 31. Authors or publishers of software are
(D) Performance appraisal, skills and protected under
education
(A) patent
(B) copyright
27. Which of the following is NOT a source (C) trademark
of a business concept? (D) trade security

(A) New markets
(B) New products
(C) Existing markets
(D) New organizational structures

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02124010/SPEC 2013