POB Unit 3

Which one of the following is a positive effect of globalisation?

• Improved worldwide security.

• Increased environmental pollution.

• Reduced competition among businesses.

• Higher job security in developed countries.

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

An example of digitalisation within a business is the use of

• 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 use of Robotic Process Automation is the most well suited to which business sector?

• Logistics industry.

• Accounting industry.

• E-commerce industry.

• Human resources industry.

What does NOT happen in an economic recession?

• Prices increase

• Unemployment increases

• Output of goods available falls

• Companies lay off/retrench workers

Who determines the interest rates in a country?

• The central bank

• The local businesses

• The local trade associations

• The multinational companies

The law of demand which states that if all other factors remain equal, the

• 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.

A strong Singapore dollar against the US dollar suggests that

• no changes to imports and exports.

• imports from the US will be more expensive.

• imports from the US will be cheaper.

• Singapore’s exports to the US will be cheaper.

White labelling is to apply one’s name and brand to

• a generic product designed by the company itself.

• a non-generic product purchased from a distributor.

• a generic product purchased from a distributor.

• a non-generic product designed by the company itself.

Which of the following is NOT a feature of e-commerce businesses?

• Universal standard

• Large customer reach

• Localized customer reach

• Rich in content and information