2223 6A mock revision

Which of the following statements about ‘management by objectives’ is correct?

          

• (1)    It allows managers to focus on other important tasks.

            

• (2)    It has adverse effects on staff morale.

        

•      (3)    It facilitates communication between managers and subordinates.

A company is going to launch three new products. Its marketing manager is responsible for:

• A.           Renting a factory to produce the new products

• B.   Setting the price for the new products

• C.   Preparing budgets for the new products

• D.   Hiring workers to produce the new products

Which of the following statements about business ethics is correct?

        

• (1)    Illegal actions of businesses are generally considered unethical.

         

•    (2)    In Hong Kong, a ‘code of ethics’ is being published by the Labour Department.

          

•   (3)    Laws clearly distinguish between ethical and unethical business practices.

Which of the following statements about small and medium enterprises in Hong Kong is correct?

         

• (1)    They can operate as a public limited company.

         

•     (2)    They can hire up to 200 workers locally.

     

•         (3)    It is easier for them to raise capital than large enterprises.

Gary had been operating a convenience store as a sole proprietor for 10 years. Six months ago, he hired Gabriel, a 35-year-old part-time worker at a monthly salary of $7,000. Which of the following statements is correct?

• (1)   Gary does not need to make mandatory contributions into Gabriel’s MPF scheme.

• (2)   Gabriel does not need to make mandatory contributions into his own scheme.

• (3)   Gary does not need to enrol himself into any MPF scheme.

Answer explanation

Which of the following is not an advantage of delegation?

   

•   (1) It could improve the job satisfaction level of subordinates.  

•   (2)          It allows subordinates to focus on other important tasks.

• (3)   It could provide on-the-job training opportunities for subordinates.

Answer explanation

Which of the following statements about joint ventures is correct?

          

• (1)    Only public limited companies can form joint ventures.

        

•      (2)    A joint venture can be formed by a single entity.

          

•    (3)    All joint ventures are listed companies.

• (4) None of them

Which of the following is not a multinational corporation?

         

• (1)    A convenience store which operates a store in Hong Kong and two stores in Japan.   

•        (2)    A Mainland company which established a branch in South Korea.  

•         (3)    A Hong Kong restaurant chain which imported all food ingredients from Vietnam.

Which of the following is not a legal factor affecting the operation of a cinema in Hong Kong?

• A.   The minimum wage increased from $37.5 to $40.

• B.   The maximum number of audience members allowed is increased because of the relaxed COVID-19 restrictions.

• C.   There are changes in the Fire Safety (Buildings) Ordinance.

• D.        The average rent decreased during the past year.

Which of the following is the right of a share investor?

         

• A.   To vote on important matters at the general meeting

• B.   To receive guaranteed dividends every quarter

• C.   To manage the daily operations of the company

• D.   To determine the company’s pricing strategy

Answer explanation