Professional Documents
Culture Documents
Eng219's Online Test (Thursda 24 June 2021)
Eng219's Online Test (Thursda 24 June 2021)
Eng219's Online Test (Thursda 24 June 2021)
All students are expected to be familiar with the exam regulations, which include
the following:
(1) No use of a handphone or any other electronic device, apart from approved
calculators; (2) no cheating; (3) no documents or bags to be brought into the exam
room; (4) no communicating with other students in the exam room; (5) no leaving
the exam room without permission; (6) students must have their UC ID-card and
must sit in the assigned seat.
WARNING
All students must comply with the Exam Regulations. Failure to do so will mean
that the student will be asked to stop the exam and the paper will be given zero
marks.
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faster. Eventually, it becomes a habit. Work on speeding up the process for small decisions to free up
time for the big-picture decisions that really matter. When you make good business 2
decisions quickly, you have a significant advantage over those who take a lot of time making up their
minds
Match the adjectives in the box to the following statements. There are three extra adjectives that
won’t be used. The first one is done as an example. (15 points)
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Foster and reward employee development.
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Match the words / phrases in the box to the following definitions. The first one is done as an
example. (15 points)
Invest in, resourcing, appoint, job mobility, promote, redeploy, staff turnover,
staff development, get on, ability, vacancy, retain
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Many entrepreneurs start their own business to follow their dreams and fulfill their passion.
Following your dreams will fulfill you in a way that working for someone else may not do. You are
in charge of creating your business from the ground up, so you can shape your company to be
something you’re proud of and that you may even be able to pass on to your children as your legacy.
3. You can pursue social justice or support non-profits.
One of the most fulfilling parts of becoming an entrepreneur is setting up your company for social
gain. You can opt to support non-profits, charities, or community efforts with your profits. Or you
can set up your business to solve a problem in your community or in the world at large – whatever
your passion may be.
4. You can achieve financial independence.
Many people commit to starting a business with the dream of financial comfort. While it’s true that
getting your company off the ground can take grit and result in some lean times while you’re getting
started, the ultimate goal of being your own boss is cultivating financial independence. With
determination and hard work, there’s no cap on how lucrative your own business can be. If you
aspire to build wealth, there’s no reason why you can’t achieve that goal.
5. You can control your lifestyle and your schedule.
Perhaps you’ve spent years in the corporate world and you feel ready to turn over a new leaf after
years of reporting to a superior. Starting your own business can give you a more flexible lifestyle and
schedule so you don’t feel like you’re running in circles on that corporate hamster wheel.
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What are the challenges when people start up their businesses? Raise briefly 5 challenges (10
points)
1. Fierce Competition
The corporate world is quite fierce. There is always a competition going on between the giants.
Competition poses one of the biggest challenges for the survival of startup businesses. And if you
have an online business startup, the competition gets tougher.
2. Unrealistic Expectations 5
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Success does not come alone. It brings expectations with it. Most of the times, these expectations
seem realistic, but in the real sense of the word, are merely unrealistic. This same concept holds true
for young startups.
3. Hiring Suitable Candidates
One of the most important factors that define organizational culture within a startup company is the
synergy of the team. A team comprises of individuals with similar capabilities and identical focus. In
order to develop a highly successful team culture, organizations in general.
4. Partnership Decision Making
Partnership is the essence of success. And this logic holds true for startups as well. In this ever-
expanding where organizations need to battle hard for their survival, startups also find it difficult to
find trustworthy partners. It’s really a big challenge for startups today. And as far as tech startups are
concerned, stakes in partnership are much higher for them.
5. Financial Management
Money begets money. Remember the fact that when income increases, the expenditures also
increase. There is no doubt about it. One of the biggest challenges that startups face today relates to
financial management.
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Unit12: Change (15 points)
Match the words in the box to the following definitions. There are two extra words in the box
that won’t be used.
adapt, oppose, affect, react, accept, ignore, neutral