Exploring Your Assignments

Mid-term Test of "Introduction to Business"

2009-06-15T22:55:00.000-07:00

I.Determine which of the following statements are true and which are false. Then put T or F in the blanks.
1. _______ International Business refers to the buying, selling, and trading of goods and services in the national boundaries.
2. _______ Absolute advantage exists when a country is the only source of an item, the only producer of an item, or the most efficient producer of an item
3. _______ Comparative advantage occurs when a country specializes in products that it can not supply more efficiently or at a lower cost than it can produce other items
4. _______ International trade barriers are Economic, Legal/political, Social/cultural, and Technological.
5. _______ General Agreement on Tariffs and Trade (GATT) is
Trade agreement that provided a forum for tariff negotiations and a place where international trade problems could be discussed/solved. This is formed by 32 nations in 1974.
6. _______ Counter trade agreement is Foreign trade agreements that involve bartering products for other products instead of for currency
7. _______ Trading company is a firm that buys goods in one country and sells them to buyers in the same country
8. _______ Licensing is a trade agreement in which one company-licensor- allows another company –licensee- to use its company name, products, patents, brands, trademarks, raw materials, or production process in exchange for a fee or royalty
9. _______ Franchising is a form of a licensing in which a company – franchiser- agrees to provide a franchisee a name, logo, methods of operations, advertising, products, and other elements associated with the franchiser’s business, in return for a financial commitment and the agreement to conduct business in accordance with the franchiser’s standard of operations.
10. _______ Contract Manufacturing is the hiring of a foreign company to produce a specified volume of the initiating company’s product to specification, the final product carries the domestic firm’s name

II. Circle the letter of the answer that completes each of the sentences below:
1. Joint Venture is :
a. The sharing of costs and operation of a business b/t a foreign of company and a local partner.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. A form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.
2. Direct Investment is:
a. The sharing of costs and operation of a business b/t a foreign of company and a local partner.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. a form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.

3. Outsourcing is:
a. The sharing of costs and operation of a business b/t a foreign of company and a local partner.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. A form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.
4. Multinational corporation is:
a. The sharing of costs and operation of a business b/t a foreign of company and a local partner.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. A form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.
5. Sole Proprietorship is :
a. A business owned and operated by one individual;
b. A business owned and operated by more than one individual;
c. A business owned and operated by 2 individuals.
d. A business owned and operated by three individual.

6. What is the one that is disadvantages of Sole Proprietorship?
a. Ease and cost of formation
b. Secrecy
c. Distribution and use of profits
d. Unlimited liability
7. What is the one that is not disadvantage of Sole Proprietorship?
a. Unlimited liability
b. Limited sources of funds
c. Limited skills
d. Closing the business.
8. What is the merger?
a. The combination of two companies (usually corporations) to form a new company.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. a form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.
9. What is the acquisition?
a. The purchase of one company by another, usually by buying its stock.
b. A partnership formed to create competitive advantage on a worldwide basis.
c. The ownership of overseas facilities.
d. a form of direct investment that involve transferring of manufacturing or other tasks- such as data processing, to countries where labor and supplies are less expensive.
10. What is the Leveraged Buyout (LBO)?
a. A purchase in which a group of investors borrow money from banks and other institutions to acquire a company (or division of one) using the assets of the purchased company to guarantee repayment of the loan.
b. The purchase of one company by another, usually by buying its stock.
c. A partnership formed to create competitive advantage on a worldwide basis.
d. The ownership of overseas facilities.

III. Select the terms below to fill in the right blanks

- Technical skills
- leadership skills
- Tactical Plans
- Operational Plans
- Strategic Plans
- Mission
- Objectives
- management
- small business
- entrepreneurship

1. The process of creating and managing a business to achieve a desired objective can be defined as (____________________________________________).

2. Any independently owned and operated business that is not dominant in its competitive area and employs fewer than 500 people can be defined as
(_______________________________________________)

3. A process designed to achieve an organization’s objectives by using its
resources effectively and efficiently in a changing environment is defined as (______________________________________________).

4. The ends or results desired by the organization and are derived from the organization’s mission is defined as (__________________________).

5. The statement of an organization’s fundamental purpose and basic philosophy is defined as ( ______________________________ ).

6. Those plans that establish the long-range objectives and overall strategy or course of action by which a firm fulfills its mission is defined as (_____________________________________).

7. Short-range plans designed to implement the activities and objectives specified in the strategic plan can be defined as (_____________________________).

8. very short-term plans that specify what actions individuals, work groups, or department need to accomplish in order to achieve the tactical plan and ultimately the strategic plans is known as (________________________).

9. The ability to influence employees to work toward organizational goals is called (_________________________________).

10. The specialized knowledge and training needed to perform jobs that are related to particular areas is known as (_________________________).

Go to Answer Keys

Insert the following words in the gaps in the text below

2009-06-15T10:00:00.000-07:00

Many people looking for work read the (1) ……………………….. advertised by companies and (2) ……………………… in newspapers or on the internet. To reply to an advertisement is to (3) ……………………… for a job. (you become a (4)…………………. Or an (5) ………… …… …………. ). You write an (6) ……………………….. , or fill in the company’s (7) ……………………….. , and send it, along with your (8) ………………………….. and a covering letter. You often have to give the names of two people who are prepared to write (9)………………………… for you. If your qualifications and abilities match the (10) ………………………………, you might be (11) …………………………………….., i.e. selected to attend an (12) …………………………………………….
A. Applicant __5__
B. Application _____
C. Application form _____
D. Apply _____
E. Candidate _____
F. Curriculum vitae _____
G. Employment agencies _____
H. Interview _____
I. Job Description _____
J. Job Vacancies _____
K. References _____
L. Short-Listed _____

Choose the best answer

2009-06-15T09:44:00.000-07:00

1. What does the word “allocate” collocate with”?

a. resources

b. Jobs

c. Information

d. People

2. What does the word “communicate” collocate with?

a. Objectives

b. performance

c. Information

d. decisions

3. What does the word “develop” collocate with?

a. subordinates

b. resources

c. strategies

d. Information

4. What does the words “ Make” collocate with?

a. Jobs

b. Objectives

c. People

d. decisions

5. What does the word “measure” collocate with?

a. Jobs

b. Resources

c. Decisions

d. Performances

6. What does the word “insulated or isolated” mean?

a. Alone, placed in a position away from others.

b. Breaking something up into pieces.

c. Working together and sharing ideas.

d. A company’s ways of working and thinking.

Definition of Assignent

2009-06-14T20:04:00.000-07:00

assignment (Latin cessio) is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party—the assignor—to another party—the assignee. The legal nature of the assignment determines some additional rights and liabilities that accompany the act.

Final Test of Geographical Studies

2009-06-13T23:16:00.000-07:00

I. Choose the suitable answer given ( 10 marks)
1. Asia is a continent that has mountains that seem to touch the ________.
a. Sky
b. Earth
2. Asia is a continent that has long rivers that wind through _______ farmland.
a. Poor
b. Rich
3. Asia is a continent that has lush tropical rain forests full of unusual animals and huge cities teeming with millions of people.
a. Usual animals
b. Unusual animals
4. A land of _________ is Asia.
a. Heaven
b. Extremes
5. The _________ of the seven continents is Asia.
a. Seven
b. Ten
6. Covering about ___________ of all the world’s land is also Asia.
a. 30 percents
b. 30 persons

7. Asia is so small and it _________________ and nearly ______________________
a. Touch Europe in the east, reaches North America in the West
b. Touch Europe in the west, reach north America in the east.
8. In northern Asia are the vast ________________ of Siberia.
a. Frozen lands
b. Boiled lands
9. In the south are the damp/wet/humid tropical forests of _________________.
a. Malaysia and Indonesia
b. India and China
10. ______ Asia has large, crowded cities like Mumbai (Bombay), India. It has huge, empty inland deserts like the Gobi in China.

II. Determine the statements below whether it is true or false. ( 10 marks)
1. _________ Asia has the largest population among the seven continents.
2. _________ five big religions were born in Asia.
3. _________ Asia was the birthplace of the three great world civilizations.
4. _________ You only know ten languages so you can know all people in Asia.
5. _________ The oldest city, Jericho, dates back 8,000 years in Asia.
6. _________ Europe is the second smallest continent.
7. _________ Europe is famous with its scenic countryside, time-honored, and historic building.
8. _________ Europe is the place where the industrialization revolution existed.
9. _________ Indonesia has more than 10,000 islands.
10. _________ Indonesia has three main islands, Java, Sumatra, and salawelsi.

III. Answer the following questions. ( 30 marks )
1. What do you think of the word “Geography”? ____________________________________________________________________
__________________________________________________________
2. When was it adopted? By whom? ____________________________________________________________________
__________________________________________________________
3. Can you give the examples of physical geographical features? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
4. What are the examples of cultural geographical features? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
5. Why is Asia called “land of extremes”? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
6. What are the five religions born in Asia? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
7. Where is Cambodia? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
8. Why was it the center of the Khmer kingdom of Angkor more than a thousand years ago? ____________________________________________________________________
____________________________________________________________________
_____________________________________________________
9. What happened in Cambodia from 1863 to 1993?
____________________________________________________________________
____________________________________________________________________
______________________________________________________________
___________________________________________________________________
____________________________________________________________________
_______________________________________________________________ ___________________________________________________________________
____________________________________________________________________
______________________________________________________________
10. Through what you have learnt, write a more-than-100-word paragraph of “Europe ” continent. ____________________________________________________________________
____________________________________________________________________
______________________________________________________________ ____________________________________________________________________
____________________________________________________________________
______________________________________________________________ ____________________________________________________________________
____________________________________________________________________
______________________________________________________________ ____________________________________________________________________
____________________________________________________________________
______________________________________________________________ ____________________________________________________________________
____________________________________________________________________
______________________________________________________________

Mid term Keys to Introduction to Business

2009-06-12T23:04:00.000-07:00

I. True or False
1. False
2. T
3. F
4. T
5. False
6. T
7. F
8. T
9. T
10.T

II.Multiple Choice
1. a
2. c
3. d
4. N/A
5. a
6. d
7. d
8. a
9. a
10.a

III. Filling in the gabs
1. enterprenuership
2. small business
3. management
4. objective
5. mission
6. Strategic plan
7. Technical plans
8. Operational Plans
9. Leadership skill
10. Technical skill

IV. Answer the following questions
1. Individuals in organizations
who make decisions about the use of resources and
who are concerned with planning, organizing, leading,
and controlling the organization’s activities to reach its objectives

2. The functions are planning, organizing, leading, staffing, and controlling

3. Skills mananger need are: Leadership Skills
Technical Expertise
Conceptual Skills
Analytical Skills
Human Relations Skills

4. Leadership
The ability to influence employees to work toward organizational goals.

5. Difference between strategic plans and tactical plans
Strategic plans: Those plans that establish the long-range objectives
and overall strategy or course of action by which a firm fulfills its mission.

Tactical Plans: short-range plans designed to implement the activities and
objectives specified in the strategic plan.