Business Vocabulary in Use: Intermediate Third edition. Wortschatzbuch + Lösungen
In the first year of business management at Arteveldehogeschool, you will have an oral exam prior to the written exam.
Here you have to answer 10 questions, in which you also use the vocabulary from the book.
These are my answers to the questions. I got an 18/20 with it.
By using these answ...
Facts and figures
1. Would you prefer to work on commission or do you prefer a fixed
salary? Why (not)?
I would prefer to have a fixed salary, because it gives me more certainty.
If you work on commission, you depend on the amount you sell. That is an
uncertainty that I would rather not have.
2. What can SMEs (small and medium sized enterprises) undertake
against large companies that systematically force them to accept
less favourable payment terms?
It is not fair that these small and medium sized enterprises have to accept
less favourable payment terms, because they have no other choice. The
SMEs could work together. If they work together, they might be able to
show themselves and make clear that this is not okay.
They could also strike and stop helping those large companies, so that
those companies see the impact if they no longer have these SMEs.
3. Do you consider intangible assets such as goodwill or brands as
real assets and how would you deal with such assets when you
want to buy a company?
Yes I do. I consider anything that has value or the ability to make money
for a business as an asset, including intangible assets. The value that a
company has through its reputation with existing customers, what we call
goodwill, is very important to a company. If the reputation is good,
customers will automatically keep going there. The brand is also an
important one. A good brand is of great value. An established brand allows
the owner to make money from it, instead of having to build a brand from
scratch.
I would only like to buy a company that is sold as going concern. A
company with a strong brand and a good reputation. Because these 2
things alone are of enormous value to me.
4. What might be appealing in a job as an ‘accountant’? Would you
ever consider it and why (not)?
I don't know what might be appealing in a job as an accountant, because I
would never want to be an accountant. I wouldn't want to be an
independent accountant, but I wouldn't want to work for an accountancy
firm either. I am personally not very numerate and the job itself just
doesn’t appeal to me. It seems like a boring job to me. I would rather do
something more challenging, with more variety.
5. What advantages do large supermarkets have over small shops?
And the other way around?
A big advantage for large supermarkets is that they have a high financial
position and do not have to worry too much about bankruptcies. Another
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