BCBUS MT Test 2006-07 - 1 BC Course “Business and...

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Unformatted text preview: 1 BC Course “Business and Enterprise” Course Code: BCBUS Michaelmas Term Test __ December 2006 Start of the term test: __5 pm __ End of the term test: __6 pm __ Student name________________________________ Student number______________________________ Instructions: The examination consists of three sections, 1, 2 and 3. All questions must be answered. Good Luck! 2 Section 1. This section consists of five multiple choice questions. Each question carries 1 point. All questions must be answered. 1. A partnership comes into existence when a. The parties make an express or implied contract to operate a business in common with a view of profit b. The parties register under 1890 Partnership Act or 1908 Limited Partnership Act c. The parties sign Articles of Association d. All of the above 2. According to Schein (1992), which of the following does NOT belong to the primary culture-embedding mechanisms: a. Organizational design and structure b. How leaders react to critical incidents and crises c. Criteria for allocation of scarce resources d. Observed criteria by which leaders allocate rewards and status 3. Change and uncertainty in the environment are usually associated with a. Work speation b. Decentralisation c. Centralisation d. Tight vertical control e. Division of labour 4. According to Porter (1979), which of the following factors does NOT increase bargaining power of suppliers: a. Oligopolistic structure of supplier’s industry b. High exit barriers in the industry c. Supplier’s product differentiation d. The industry is not an important customer of the supplier group. 5. To increase trade, the primary tools GATT uses are a. Most favoured nation and LDC clauses. b. Tariff and non-tariff barriers. c. Quotas and export taxes. d. Tariff concessions and most favoured nation clause. 3 Section 2. This section consists of five open questions. Each question carries 1 point. All questions must be answered. 6. Define vertical integration and explain under which conditions a company is likely to follow this type of growth strategy. _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________...
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This note was uploaded on 05/04/2008 for the course BUSINESS 2007 taught by Professor Svitlanav during the Winter '07 term at Trinity College Dublin.

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BCBUS MT Test 2006-07 - 1 BC Course “Business and...

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