BES - Unit 1

Which one of the following is NOT an objective of business?

• Community

• Employees

• Society

• Owner

Which one of the following structures is the oldest and most common form of business ownership?

• Local company

• Sole Proprietorship

• Partnership

• Foreign company

Which industry does furniture making belongs to?

• Service industry

• Tertiary industry

• Primary industry

• Secondary industry

MNCs face severe problems of managing

• suppliers

• employees

• customers

• cultural diversity

Which one of the following is NOT the characteristic of MNCs

• Network of branches and subsidiaries

• Good quality products

• Limited assets and poor turnover

• Control by one head office located in home country

The following are features of partnership EXCEPT

• Can pool together fund to support the business

• Scale of operation is small

• Examples: Medical Clinic, Legal firm

• Written agreement is encouraged more

A private limited company must

• have maximum 30 shareholders

• know that shares are not trasferrable

• issue shares through initial public offering

• register an entity in Singapore

Which one of the following is an advantages of SMEs?

(oven - baking),

• Higher cost

• able to make decision quickly

• Not flexible and unable to adapt to changes

• Create more jobs

It is useful to have an organization chart in the office because

Traditional business model that deals with customers face-to-face in the physical office or store is known as

• e-commerce

• low touch

• brick and motar

• low touch