Question 1

There are 3 types of partnerships. Which one is not one of the 3?

Options :

A : General partnership

B :

Limited liability partnership

C :

Limited partnership

D :

Unlimited partnership

Answer: D

Question 2

What are the 4 main stages of the product life cycle?

Options :

A :

Establishment, Enlargement, Wisdom and Comedown

B : Introduction, Evolution, Wisdom, Decline

C :

Introduction, Growth, Maturity and Decline

D : Presentation, Evolution, Experience and Drop

Answer: C

Question 3

In Limited liability partnerships, partners can either be equity or salaried partners.

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

Which of the five conflict responses happens when the individual tries to work with the other person to understand the issue from both sides and tries to find a creative solution to rectify the problem?

Options :

A : Accommodating

B : Avoiding

C : Collaborating

D : Competing

E : Compromising

Answer: C

Question 5

How are public sector organisations funded?

Options :

A : Borrowings

B : Investment

C : Sales

D : Taxation

Answer: D