Question 1
Which business form in Ghana gives owners limited liability and a separate legal personality from the owners?
Correct Answer:
A limited liability company
Question 2
A friend wants to invest capital but not manage day-to-day operations. Which entity type best fits that preference among common Ghanaian forms?
Correct Answer:
A limited liability company (shareholders invest; directors/managers run operations)
Question 3
What is the principal-agent (agency) problem in a large company?
Correct Answer:
Managers (agents) may pursue personal goals that conflict with owners' (principals') interests
Question 4
Which stakeholder group is typically classified as an internal stakeholder?
Correct Answer:
Employees
Question 5
Corporate Social Responsibility (CSR) and ESG primarily require organisations to consider which additional dimension beyond short-term profit?
Correct Answer:
Ethical, social and environmental impacts on stakeholders and society
Question 1
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About this Exam

Prepare with the ICAG Paper 1.2 BMIS Practice Questions - ICAG Level 1 Business Management & Information Systems (Paper 1.2) Exam practice quiz. This question bank includes 100 questions covering mainly, ghana, typically, hierarchy, and because. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICAG Paper 1.2 BMIS Practice Questions - ICAG Level 1 Business Management & Information Systems (Paper 1.2) Exam

This practice set contains 100 questions from the matching question bank and focuses on mainly, ghana, typically, hierarchy, and because. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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