Continued kphlshtkm 29 pbu0015 introduction to

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PBU0015 INTRODUCTION TO BUSINESS MANAGEMENT
16 MAY 2011
17. Double entry accounting requires that all financial transactions are recorded in
two journals to assure proper data backup.
18. A banker's acceptance is a promise by a bank to pay a foreign firm a certain
amount of money if specific conditions are met.
19. Asset allocation means investing relative amount of funds in each of several
investment alternatives.
20. Insurance policy is a formal agreement to pay the policyholder a specified amount
in the event of certain losses.
SECTION B: MULTIPLE CHOICE QUESTIONS (20 MARKS)
Instructions: Answer all the questions in this section. Shade your answers on the
OMR sheet.
21. In Malaysia, market analysts have observed that all durians offered for sale at
RM20.00 per kilo will be purchased and that demand will be satisfied. In this
market, RM20.00 is the _________________.
22. The way in which a business tries to balance its commitments to groups and
individuals in its social environment is called ___________________.
23. Ahmad starts a photocopying business near a local university. His goal is to earn
enough money to lead a comfortable life and retire in ten years. Ahmad has no
plans to grow or expand. Ahmad is a(n) _______________________.
24. Which of the following is NOT an attribute of national competitive advantage?
A. factor conditions C. demand conditions
B. weather conditions D. related and supporting industries
25. Ali seeks to motivate employees by rewarding them with additional paid vacation
when quality standards are achieved. He is involved in the management function
of __________.