Business Management WASSCE Questions- Solve Now

There is no time to waste. Solve these Business Management questions as soon as possible. These questions will guide you and make you abreast of the kind of questions you are to expect in the final exams.

As you already know, the 2023 WASSCE Business Management paper will be written on 11th September, 2023. It will be written in the morning at 8:30am.

OBJECTIVES TEST

1. The management process ends with
A. Organizing

B. Planning

C. Controlling

D. Directing

2. Which of the following agents has the authority to take legal possession of goods if his principal fails to pay his commission?
A. Broker

B. Del Credere

C. Estate

D. Factor

3. The principle of proximate cause in insurance implies that the event insured against
A. is likely to occur

B. is measurable and sure

C. must be the immediate cause of the loss

D. must be the remote cause of the loss

4. Which of the following documents is a bill of exchange?
A. Standing order

B. Cheque

C. Bill of lading

D. Direct debit

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5. The periodic payment that an insured makes to the insurer is known as
A. Insurance fee

B. Premium

C. Compensation

D. Policy

6. The term discharge in contract law means
A. An act which frees a person from legal obligation

B. An act that binds a person from legal obligation

C. The parties to a contract have executed all promised terms and conditions except minor details

D. One party to a contract has repudiated his liability under the contract

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7. Risk management helps to
A. eliminate risks

B. Minimize the effects of risks

C. Regulate occurrence of risks

D. Maximize the effects of risks

8. Elizabeth insured her BMW car against fire but the car was stolen at the sports stadium. On which of the following principles will the insurer refuse to pay indemnity to Elizabeth?
A. Contribution

B. Proximate cause

C. Subrogation

D. Insurable interest

9. Which of the following is an uninsurable risk? Risk arising from
A. Motor Accident

B. Employee dishonesty
C. Air travel

D. Business competition

10. Manager is a leader because he
A. Directs and influences the behaviour of his staff

B. Ensures his staff are paid

C. Can mete out punishment to wrongdoers

D. Showing favoritism among his subordinates

THEORY TEST

1. 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?

2. 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?