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Cape Mob U2 P1 2016
Cape Mob U2 P1 2016
This test consists of 45 items. You will have I hour and 30 minutes to answer them.
2. In addition to this test booklet, you should have an answer sheet.
3 Do not be concerned that the answer sheet provides spaces for more answers than there are
items in this test. i'
4 Each item in this test has four suggested answers lettered (A), (B), (C), (D). Read each item
you are about to answer and decide which choice is best.
5 On your answer sheet, find the number which corresponds to your item and shade the space
having the same letter as the answer you have chosen. Look at the sample item below.
Sample Item
The best answer to this item is "Lock out", so (D) has been shaded.
6. If you want to change your answer, erase it completely before you fill in your new choice.
7 When you are told to begin, turn the page and work as quickly and as carefully as you can.
If you cannot answer an item, go on to the next one. You may retum to that item later.
8 You may do any rough work in this booklet.
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9 You may use silent non-programmable calculators to answer questions.
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- Copyright O 2013 Caritibean Examinations Council
All rights reserved.
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021330 r 0/CAPE 201 6
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I lrr rvhich of tlre follorving activities is the 6. Which of the following is LOWEST in the
tertiary sector of the economy engaged? hierarchy of objecti ves?
(A) A level playing field is provided for l7 Which of the following is a non-financial
all countries. reward?
(B) Home producers are protected from
unfair competition. (A) Gain sharing
(c) Consumers are able to purchase a (B) Job enrichment
wider variety of goods. (c) Lump-sum bonus
(D) Infant industries thrive well against (D) Employee stock ownership plan
competition from importers. (ESOP)
(A) initiative
(B) authority
(C) discipline
(D) unity of direction
subordinates
(B) objectives are communicated to the (A) a lease
rank and file (B) an overdraft
(C) employees are allowed to express (c) a trade credit
their views (D) a standing order
(D) employees coordinate tasks within
their departments
34 Which of the following investment
appraisal methods uses profiti rather than
29 What is the HIGHEST level in Abraham cash flows? .1.
37 The following table is an extract from the 39 The follolving information rvas taken frorn
books of XJ's Ltd. the books of Sam's business.
Sales $9 000 $
Opening stock $3 200 Opening stock 3 000
Closing stock $2 400 Wages 4 500
Purchases $s 600 Purchases r0 000
Postage 150
The gross proht ratio is Closing stock 2 300
(A) Stock
(B) Debtors
(c) Cash at bank
(D) Bank overdraft
42 The MAIN objective ofcaslr flou,statements 44 Which of the following sources of finance
to a business is to shou,the is LEAST likel,v to be used as investment
in neu, prodr.rct development?
(A) cash inflow and cash outflorv
(B) cash-in-hand and cash ourflorv (A) Bank loan
(c) caslr equivalents and cash inflorv (B) Debentures
(D) cash-in-hand and cash equivalents (C) Share issues
(D) Bank overdraft
END OF TEST
IF YOU FINISH BEF'ORE TIME IS CALLED, CHECK YOUR WORI( ON THIS TEST.
02t330t0tcAPE 2016