The many objectives of businesses may be categorised under three headings, namely, Owner, Society and (Hint: Unit 1)

• Employees.

• Environment.

• Government.

• Shareholders.

Which one of the following is a positive effect of globalisation? (Hint: Unit 3)

• Improved worldwide security.

• Increased environmental pollution.

• Reduced competition among businesses.

• Higher job security in developed countries.

The use of digital payment technologies such as PayNow is an example of digitalisation in the (Hint: Unit 3)

• Accounting industry.

• E-commerce industry.

• Human resources industry.

• Banking and financial services industry.

Which one of the following is a function of the Ministry of Manpower (MOM)?

• Administering business regulations

• Championing enterprise development

• Driving and coordinating the SkillsFuture movement

• Develop a productive workforce and progressive workplaces

Ali is operating a small stationery shop in a primary school. What is the business objective of his stationery shop? (Hint: Unit 1)

• Earn money.

• Do charity work.

• Maintain good health.

• Provide supply and demand.

An example of digitalisation within a business is the use of (Hint: Unit 3)

• more staff to process translations.

• automation of orders processing.

• call center operators to answer customer calls.

• construction crews laying electrical works for a building project.

The price of smartphones has declined from $800 to $700. All other factors remaining equal, what would be the likely effect of this change on smartphone supply? (Hint: Unit 3)

• Supply will decrease.

• No effect on quantity supplied.

• Quantity supplied will increase.

• Quantity supplied will decrease.

A furniture manufacturer wishes to expand and enter into the China Market. He needs to understand the law of demand which states that the (Hint: Unit 3)

• higher the price, the lower the quantity supplied.

• lower the price, the higher the quantity supplied

• lower the price, the lower the quantity demanded.

• higher the price, the lower the quantity demanded.

Who determines the interest rates in a country? (Hint: Unit 3)

• The central bank

• The local businesses

• The local trade associations

• The multinational companies

Improvements in technology through automation is one way of improving productivity of which factor of production? (Hint: Unit 1)

• Capital.

• Entrepreneurship.

• Labour.

• Land.