10 Tough Business Management Theory Questions For 2023 WASSCE Candidates

The 2023 WASSCE Business Management paper will be written on Monday, 11th September, 2023. This is few days away and these are some likely theory questions that will guide candidates.

These likely 2023 WASSCE Business Management questions are set to guide candidates and make them abreast of the kind of questions they are to expect.

1. What are negotiable instruments?

b) State four(4) characteristics of a negotiable instrument.

c) Explain four(4) reasons why a cheque may be dishonoured.

2. a) What is management?

b) Explain the following functions of management

• Planning
• Organizing
• Directing
• Controlling

3. Explain the following terms in relation to Agency formation

• Agreement
• Ratification
• Estoppel
• Implication
• Co-habitation

4. a) State and explain the three(3) types of mistakes under contract.

b) State and explain three(3) elements of a contract

c) Explain the term “Contract”

d) Who is a minor in a contract agreement?

5. a) Explain four(4) importance of communication

b) Mention five(5) barriers to effective communication

c. Differentiate between Verbal and Non-verbal form of communication

d) What is communication?

Masters Degree Assistantships at University of Louisiana at Lafayette

6. a) Explain the following
i. Risk
ii. Risk Management? [6 marks]

b) Differentiate between Pure risk and Speculative risk [6 marks]

c) State and explain any two(2) risk management strategies [8 marks]

7. a) Define the term Insurance [2 marks]

b) List three(3) importance of taking an insurance policy [6 marks]

c) Explain the following principles of insurance Uberrima Fides ( Utmost Good Faith)

• Principle of Indemnity
• Principle of contribution
• Principle of proximate cause [12 marks]

8. a) Explain the following terms as used in International Trade

• Balance of Trade
• Balance of Payment
• Embargo
• Quota [16 marks]

b) Balance of payment can be favorable, Explain [4 marks]

9 a) List four(4) importance of communication [4 marks]

b) Mention five(5) barriers to effective communication [10 marks]

c. Differentiate between Verbal and Non-verbal form of communication [4 marks]

d) What is communication? [2 marks]

READ ALSO: SHS 2 Students In Single Track Schools To Vacate Next Week

10. a. Define decision-making [4 marks]

b) State and explain the two(2) types of decisions managers can make. [6 marks]

c) State five importance of decision-making