WorksheetsPOB QUIZ!!!
Total questions: 64
Worksheet time: 32mins
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.
A poor working relationship between workers and management will result in an increase in (Hint: Unit 1)
job security.
workers morale.
corporate reputation.
resistance to change.
What does NOT happen in an economic recession? (Hint: Unit 3)
Prices increase
Unemployment increases
Output of goods available falls
Companies lay off/retrench workers
Which one of the following is a sign of a boom? (Hint: Unit 3)
Prices fall.
Output rises.
Prosperity falls.
Unemployment increases.
One negative effect of globalization is (Hint: Unit 3)
Job insecurity.
Increased trade.
Increased investment.
More cultural diversity.
What does ‘O’ in SWOT analysis refer to? (Hint: Unit 3)
Objectives
Operations
Opportunities
Organizations
A strong Singapore dollar against the US dollar suggests that (Hint: Unit 3)
no changes to imports and exports.
imports from the US will be cheaper.
imports from the US will be more expensive.
Singapore’s exports to the US will be cheaper.
Moses is thinking of starting a business selling products that cater to the elderly. Which one of the following trends will be good for his business? (Hint: Unit 3)
Ageing population.
Higher marriage age.
Increasing ethic mix.
Falling disposable income.
ABC company supports its male staff by granting them 2 hours of time off on the first Monday of each month so that they can have dinner with their family. ABC company is performing (Hint: Unit 3)
legal responsibility.
parental responsibility.
economic responsibility.
corporate social responsibility.
Advanced Health Products Ltd is an e-commerce company that delivers customers products at regular scheduled intervals and it has a relatively reliable income stream. Which one of the following ways in generating revenue is this company likely to be using? (Hint: Unit 3)
Drop-shipping.
Labelling.
Subscription.
Warehousing.
ABS Company is a Singaporean company is a specialist car parts manufacturer. It imports semi-finished components from China and builds its product here in Singapore. The current exchange rate is 1 Singapore dollar = 5.29 Chinese Yuan. What is MOST likely to happen when the Singapore dollar strengthens against the Chinese Yuan? (Hint: Unit 3)
An increase in cost to ABS company for its imports.
A decrease in cost to ABS Company for its imports.
An increase in demand for ABS company’s car parts from global customers.
A decrease in demand for ABS company’s car parts from global customers.
We ensure smooth supply of goods." (Blossoms Pte Ltd). Which business objective is this tagline referring to?
Economics
Society
Shareholders
Employees
SkillsFuture is a national lifelong learning program to provide workers opportunities to develop and master skills. Which factor of production is the government focusing on?
Entrepreneurship
Labour
Capital
Land
The factor of production of land refers to
physical input of people used in production.
funds to buy raw materials for production.
intangible inputs used in production.
natural resources used in production.
Willing Hearts is a charity that aims to improve the lives of the underprivileged and marginalized by providing them with food and daily supplies. Which type of stakeholder is Willing Hearts best classified as?
Worker's Union
Welfare Organisation
Supplier
Supplier
White labelling is to apply one’s name and brand to
a non-generic product purchased from a distributor.
a generic product purchased from a manufacturer.
a generic product purchased from a distributor.
a non-generic product purchased from a manufacturer.
The B2C business model is when a company markets its products or services
directly to other businesses.
directly to end users.
via an intermediary to end users.
via an intermediary to end users.
Which of the following is NOT a feature of e-commerce businesses?
Localized customer reach
Universal standard
Large customer reach
Rich in content and information
ABC Corporation has plans to increase sustainable practices in its organisation. It has decided to utilise sustainable designs and construction methods in its new office building. What would be a suitable course of action to take after the completion of the building, under Singapore’s Green Plan?
Apply for Enterprise Development grant.
Apply for Government funding.
Apply for BCA Green Mark Certification.
Participate in the Green Finance Masterplan.
Tom Enterprises would like to change the manufacturing process of its existing products to one that’s more sustainable. This is an example of
Environmental responsibility.
Philanthropic responsibility.
Economic responsibility.
Ethnical responsibility.
Under the "Political" factor in a PEST analysis, which of the following elements is considered when assessing government regulations and legal factors?
Cybersecurity software
Workplace Health and Safety Act
Global trade cycles
Aging population
Which one of the following is a sign of an economic boom?
Output rises.
Prices fall.
Prosperity falls.
Unemployment increases.
A strong Singapore dollar against the US dollar suggests that
Imports from the US will be more expensive.
No changes to imports and exports.
Imports from the US will be cheaper.
Singapore exports to the US will be cheaper.
The positive effects of globalisation include
reduced pollution.
increased product prices.
job security.
better products.
The external environment of a company includes its
opportunities.
strengths.
touch points.
weaknesses.
The law of demand states that, if all other factors remain equal,
the lower the price, the lower the quantity supplied.
the higher the price, the higher the quantity supplied.
the higher the price, the lower the quantity demanded.
the lower the price, the lower the quantity demanded.
A well located store with high human traffic refers to an organisation’s
opportunity.
threat.
strength.
weakness.
The government of a country has decided to raise the corporate tax rate from 27% to 30%. Which one of the following is the best classification of this environmental factor?
Economic.
Technological.
Political.
Social.
When a local SME wants to expand their operations into Southeast Asian countries, which government agency should they approach for help?
Ministry of Manpower.
SkillsFuture Singapore.
Accounting and Corporate Regulatory Authority.
Enterprise Singapore.
Afiq took a $150,000 loan from the bank, where the simple interest rate is 3% per annum. How much does Afiq have to pay the bank after one year?
$154,500
$150,000
$45,000
$4500
As part of H&M’s sustainability focus, they aim to minimise water use and encourage farmers to use less chemicals during their clothes production process. Such a practice enables the company to
increase profitability and status.
develop technological advances.
enhance society and the environment.
pay more dividends to its shareholders.
Nicest Burger has been the market leader in the industry for years due to having loyal staff. Relating to the SWOT analysis, this illustrates the company’s
opportunities.
strengths.
threats.
weaknesses.
When the Singapore Dollar strengthens against other currencies, Singapore’s
exports become cheaper.
imports become cheaper.
imports become more expensive.
exports become more competitive.
It was reported that inflation was “increasing at a slower pace and may be going into negative.” This means prices may actually start to fall. This indicates
rising output.
slowing economy.
booming economy.
increasing employment.
Most governments attempt to encourage growth in their weak economies by
increasing interest rates.
decreasing interest rates.
The law of demand states that “the higher the price of a good, the less people will demand that good”, this is assuming that all
other factors remain constant.
supply factors remain constant.
market factors remain constant.
legal and non-legal factors remain constant.
The reflection of supply and demand is the
price.
producers.
quantity supplied.
quantity demanded.
Which one of the following provides a trusted and vibrant environment for businesses to thrive and flourish, and contribute towards making Singapore the best place for business?
ISCA
ACRA
WSG
MOM
Which one of the following addresses the needs of business owners and companies by creating quality jobs, develop a manpower pipeline to support industry growth, and match the right people to the right jobs?
MOM
ACRA
WSG
ESG
The chart shows the exchange rate of 1 SGD to MYR. Which one of the following statements is true about the general prices of durians as at now as compared to previous years?
Durians from Malaysia should cost less in Singapore now.
Durians from Malaysia should cost more in Singapore now.
Singapore Dollar is weakening against the Malaysian Ringgit now.
Malaysian Ringgit is strengthening against the Singapore now.
This chart shows the exchange rate of 1 USD to SGD. For the period marked by the lines A and B, which one of the following statement is true?
SGD is weakening.
USD is strengthening.
Singaporean would have paid lower prices for products listed on Amazon in USD.
Singaporean would have paid higher prices for products listed on Amazon in USD.
Due to the movement control measures in Malaysia, the demand for durians in Malaysia has dropped drastically. The supply of durian on the other hand, has remained constant. Given all other factors constant, what effects does this situation have on the prices?
Increase prices of durian due to reduced demand.
Decrease prices of durian due to reduced demand.
Increase prices of durian due to constant level of supply.
Decrease prices of durian due to constant level of supply.
Due to the movement control measures in Malaysia, the demand for durians in Malaysia has dropped drastically. The supply of durian on the other hand, has remained constant. To the importers of Malaysian durians in Singapore, this situation represent a/an
threat.
strength.
weakness.
opportunity.
The “platform fees” that food delivery business charges hawkers and restaurants for their services can be as high as 30%. For the hawkers and restaurants, the high fees, even though absorbed by the consumers, represent a/an
strength.
weakness.
opportunity.
threat.
Which one of the following statements best describe the relationship between interest rate and the economic growth a country is experiencing?
Interest rate is not affected by economic activity.
Interest rate tends to fall during high economic growth.
Interest rate tends to rise during high economic growth.
Interest rate tends to rise due to slowing economic growth.
Which one of the following enables you to sell items on your website
that are manufactured, fulfilled, and shipped to your
customers via a third party supplier, like AliExpress?
Wholesaling and Warehousing
White label and Private Label
Drop-shipping
Subscription
Which one of the following method delivers customers products/services at regular,
scheduled intervals?
Drop-shipping
Wholesaling and Warehousing
White label and Private Label
Subscription
Which e-commerce method allow you to lean on
your investments in design and production and look for
an edge in technology and marketing?
White label and Private Label
Wholesaling and Warehousing
Drop-shipping
Subscription
Which one of the following e-commerce method allow you to offer products in
bulk at a discount. This approach suits products that can be sold in large
volumes.
White label and Private Label
Drop-shipping
Subscription
Wholesaling and Warehousing
According to the law of supply, reduction in prices will result in a
surge in quantity supplied.
reduction in goods supplied.
increase in goods demanded.
reduction in goods demanded.
A year ago, 1 USD could be exchanged for 1.40 SGD. Today, 1 USD could be exchanged for 1.30 SGD. The spending power of SGD is said to have
inflated.
lowered.
weakened.
strengthened.
The work of auditors are increasingly challenged by the heightened capability of RPA and AI used by businesses. Which aspect of the external environment under PEST analysis is faced by auditors?
Social
Political
Economic
Technological
Hay Clothing prides itself as the leading clothing business with 100% of its t-shirts produced using recycled materials. Under the SWOT, this is an example of its
threat
strength
weakness
opportunity
Soo Ting was retrenched from her baker’s job with a hotel. She assessed her environment using SWOT analysis before deciding on operating an online home-baking business during the covid lock-down. To help cope with the increasing business, she invested in baking equipment fitted with AI technology. Which two aspects of the SWOT analysis were evident in this case?
Threats and technology.
Opportunities and threats.
Strengths and technology.
Strengths and opportunities.
Which one of the following illustrates the political environment under PEST analysis?
Competitors slash prices rapidly.
Sole distributorship for a product in Singapore.
Covid-19 lock-downs prohibit operation of business.
Customers prefer online shopping to physical store shopping.
