PREP2012-Pack1-RC-001-02 VRC00009-02 Medium
It can be inferred from the passage that the author would characterize the activities engaged in by early chartered trading companies as being
A. complex enough in scope to require a substantial amount of planning and coordination on
the part of management
B. too simple to be considered similar to those of a modern multinational corporation
C. as intricate as those carried out by the largest multinational corporations today
D. often unprofitable due to slow communications and unreliable means of transportation E. hampered by the political demands imposed on them by the governments of their home
countries
PREP2012-Pack1-RC-001-03 VRC00009-03 Hard
The author the various activities of early chartered trading companies in order to
A. analyze the various ways in which these activities contributed to changes in management
structure in such companies
B. demonstrate that the volume of business transactions of such companies exceeded that
of earlier firms
C. refute the view that the volume of business undertaken by such companies was relatively
low
D. emphasize the international scope of these companies‘ operations
E. support the argument that such firms coordinated such activities by using available
means of communication and transport
PREP2012-Pack1-RC-001-04 VRC00009-04 Medium
With which of the following generalizations regarding management structures would the author of the passage most probably agree?
A. Hierarchical management structures are the most efficient management structures
possible in a modern context.
B. Firms that routinely have a high volume of business transactions find it necessary to
adopt hierarchical management structures.
C. Hierarchical management structures cannot be successfully implemented without
modern communications and transportation.
D. Modern multinational firms with a relatively small volume of business transactions
usually do not have hierarchically organized management structures.
E. Companies that adopt hierarchical management structures usually do so in order to
facilitate expansion into foreign trade.
PREP2012-Pack1-RC-001-05 VRC00009-05 Medium