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Continued kphlshtkm 29 pbu0015 introduction to

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Continued…KPH/LSH/TKM2/9
PBU0015INTRODUCTION TO BUSINESS MANAGEMENT16 MAY 201117. Double entry accounting requires that all financial transactions are recorded intwo journals to assure proper data backup.18. A banker's acceptance is a promise by a bank to pay a foreign firm a certainamount of money if specific conditions are met.19. Asset allocation means investing relative amount of funds in each of severalinvestment alternatives.20. Insurance policy is a formal agreement to pay the policyholder a specified amountin the event of certain losses.SECTION B:MULTIPLE CHOICE QUESTIONS (20 MARKS)Instructions: Answer all the questions in this section. Shade your answers on theOMR sheet.21. In Malaysia, market analysts have observed that all durians offered for sale atRM20.00 per kilo will be purchased and that demand will be satisfied. In thismarket, RM20.00 is the _________________.
22. The way in which a business tries to balance its commitments to groups andindividuals in its social environment is called ___________________.
23. Ahmad starts a photocopying business near a local university. His goal is to earnenough money to lead a comfortable life and retire in ten years. Ahmad has noplans to grow or expand. Ahmad is a(n) _______________________.
24. Which of the following isNOTan attribute of national competitive advantage?A.factor conditionsC. demand conditionsB.weather conditionsD. related and supporting industries
25. Ali seeks to motivate employees by rewarding them with additional paid vacationwhen quality standards are achieved. He is involved in the management functionof __________.

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Term
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Professor
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