Business Studies Quiz 2017 (Senior 1 Semester 2)

Name: ___________________________ School Number: _____________ Class: _________

Objectives: Please circle the most suitable answer. (10%)

1) Which of the following is not an internal stakeholder?
A. Shareholder B. Chief Finance Director (CFO)
C. Supplier D. Business manager

2) Which of the following is the advantage of a flat organizational structure?

A. Manager has fewer subordinates thus make communication easier.
B. Manager and employees have greater freedom to make decisions.
C. Managers are able to specialize in those tasks they are best able to do.
D. Mistakes can be avoided as employees are easier to be supervised and controlled.

3) Jay Chou works in a magazine publishing sector. It is categorized as a __________________.

A. Tertiary sector B. Secondary sector
C. Primary sector D. Mixed sector

4) Limited partner with limited liability is also known as ______________ or _______________.

A. Silent partner…Sleeping partner B. Partnership…Sleeping partner
C. Silent partner…Joint venture D. Merger…Takeover

5) Which elements are shared in a joint venture?

I. Expertise II. Cost III. Risk IV. Management
A. I, II, III B. I, II, IV C. I, III, IV D. All of the above

Fill in the blanks with the options given below. (15%)

1) The managing director is usually the most senior manager in the company and may also be

known as ______________________________________.

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2) A flat organizational structure has a __________________________________________ and

___________________________________________.

3) Yee Lung instructs the workers to fix the piping system and expects them to follow his order.

Yee Lung adopts ________________________ management style.

4) In Maslow’s hierarchy of needs, __________________________ describe the employee needs

for friendly colleagues while ____________________________ denote employee needs for

minimum wage.

5) The process of negotiating wages and other working conditions between trade union and

employers is known as __________________________________________.

6) Yin Ern as a trade union leader started an industrial action to stop working after the normal

hours in order to get a pay rise. The industrial action is called____________________________.

7) The manager allows the employees within a team to swap tasks with each other. This method

of increasing job satisfaction is known as ____________________________.

8) __________________ is paid to the production workers who work by hour while

_________________ is paid monthly to the office staff who work during regular hours.

9) The merger between Aeon and Parkson departmental stores is known as

_______________________ integration.

10) _________________________ are non-repayable sums of money from local government

while ______________________________ are loans of money repayable at a low interest rate.

11) Investigation of a company’s financial condition will be made by

________________________________ before the shares can be sold publicly.

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Middle manager Overtime ban Joint-stock company
Wide span of control Horizontal Lateral
Autocratic Esteem needs Stock exchange
Low-cost loans Physiological needs Grants
Collective bargaining Social needs Long chain of command
Job enrichment Short chain of command Wage
Salary Job rotation Chief Executive Officer