POB Study Guide

Island Academy International School
Principles of Business
End of Term Exam
Grade 10
Study Guide
Name: ____________________________________________
Date:____________________________
Money and barter system
1. What are the three basic needs?
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2. Is the Barter system still operating today? Explain your answer.

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3. Give two (2) advantages and disadvantages of the barter system.
Advantages Disadvantages
4. What a subsistence economy?

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5. Give two (2) functions of money.

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6. Give an advantage and a disadvantage of ‘cheques’ (which is an instrument of exchange and

payments).
Advantage Disadvantage
Key functional areas in an organization
1. What are the five(5) main functional areas in an organization?
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2. Who/what is a stakeholder?
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3. Define research and development.

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4. A manufacturing company is involved in the production of candy products. There is an increased

demand for candy during both Easter and Xmas. Explain how this increased demand can impact
the HR department.
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5. Give an example of a stakeholder here in Antigua.

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Functions of management and responsibility
1. What is the role of a manager?

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2. Define Management.
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3. Define Delegating.
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4. Give one (1) responsibility to management.

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The different leadership styles
1. What is an autocratic leadership style?
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2. What is the difference between an autocratic leader and a democratic leader?

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3. Circle the appropriate answer:
- The most efficient leadership style

a) Laissez-faire b) Democratic c) autocratic
- The more persuasive leadership style

a) Charismatic b) transformational c) autocratic
4. True or False:
a) A good leader must be trustworthy and honest. (True/False)
b) A good leader can have favorites but only show it sometimes. (True/False)
c) A good leader must be be rich so they can help employees who need financial aid (True/False)
5. Give 3 things that leaders must have.

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Organizational charts
1. What are the three (3) formal types of Organizational charts?
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2. “The term_______ refers to what an individual does in an organization.

(a) Job
(b) Role
(c) Opportunity
(d) None of the above
3. What shows hierarchy of different roles, and who reports them?

(a) Line organizational structure
(b) Line organizational charts
(c) Management list
(d) A & B
4. What is a functional organizational chart?

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5. What is an informal organizational structure?

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*Bonus: What is the difference between an organizational chart and an organizational structure?
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POB Study Guide

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POB Study Guide

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Island Academy International School

2. Is the Barter system still operating today? Explain your answer.

3. Give two (2) advantages and disadvantages of the barter system.

4. What a subsistence economy?

5. Give two (2) functions of money.

6. Give an advantage and a disadvantage of ‘cheques’ (which is an instrument of exchange and

3. Define research and development.

4. A manufacturing company is involved in the production of candy products. There is an increased

5. Give an example of a stakeholder here in Antigua.

1. What is the role of a manager?

4. Give one (1) responsibility to management.

2. What is the difference between an autocratic leader and a democratic leader?

3. Circle the appropriate answer:

- The most efficient leadership style

- The more persuasive leadership style

5. Give 3 things that leaders must have.

2. “The term_______ refers to what an individual does in an organization.

3. What shows hierarchy of different roles, and who reports them?

4. What is a functional organizational chart?

5. What is an informal organizational structure?

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