Question 56:

• BECE 2023

What is the purpose of a "code of conduct" in a business?

A. To outline the company's financial goals
B. To provide guidelines for employee behavior and ethics
C. To detail the company's marketing strategy
D. To describe the production process
E. To list the company's products and services

Question 57:

• BECE 2023

What is meant by "supply chain management"?

A. Managing the production process
B. Overseeing the distribution of products
C. Controlling the flow of goods and services from suppliers to customers
D. Handling customer complaints
E. Designing marketing campaigns

Question 58:

• BECE 2023

What is a "merger"?

A. The combining of two or more companies into one
B. The acquisition of one company by another
C. The splitting of a company into smaller units
D. The formation of a new company
E. The dissolution of a company

Question 59:

• BECE 2023

Which of the following is a key component of effective communication in business?

A. Active listening
B. Clear and concise messages
C. Appropriate tone and language
D. Timely feedback
E. All of the above

Question 60:

• BECE 2023

Which of the following financial institutions accepts and keeps deposits for customers?

A. Central bank
B. Commercial banks
C. Finance houses
D. Insurance companies
E. Stock exchange