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Exam 2 Higher Degree Administration and Finance
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Exam 2 Higher Degree Management and Finance | Burlington books
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Stuvia.es - El mercado del material de estudioTest 10 (Units 17-20)
Name: Mark:
Reading Comprehension (20 points)
1 Read the webpage. Then read the false sentences below and correct them by changing the phrases
in bold. (10 points)
Home News Archive Forum Contact
ENTREPRENEUR TODAY
Need help with your business? Ask our advisors.
The Problem: My partner and I started a computer business three years ago. It’s successful now. The problem
is we work round the clock. We haven’t got any time to socialise and constantly feel stressed.
My partner wants us to hire an employee, but I’m anxious about the extra expense.
Jim, Brighton
Advisor #1: This is a common problem as Advisor #2: Your first employee doesn’t have
businesses grow. Remember that you to be full-time. You could start by
can’t expand the business if you are hiring part-time help. If you pay your
doing everything from marketing to employee on an hourly basis instead of
photocopying. The reality is that the a monthly salary, it is less of a financial
right employee will ‘buy’ you time to commitment for you, and you will also
develop your business. Sometimes be able to see if the person is a suitable
you need to set aside your worries and employee. You can hire an assistant
ask yourself, “Can I afford not to hire five hours a week for £15 an hour. Only
someone?” If you don’t, you might find £300 a month will give you 20 extra
yourself not only stressed, but with a hours to manage and expand your
business that fails to grow. business.
Sally May Robert Ericson
1. Jim and his partner own a marketing business.
2. They are complaining about working with each other.
3. Sally mentions that Jim and his partner are probably busy with office routines,
like filing documents.
4. Robert recommends hiring the first employee for a full-time position.
5. According to Robert, it can cost as little as £15 to hire an assistant for
a month
2 Answer the questions. (10 points)
1. How has running their own business affected Jim and his partner?
2. Why is Jim worried about hiring an employee?
3. What could happen to a business if it doesn’t hire employees?
4. What additional advantage does Robert mention to hiring an employee not on a full-time basis?
5. How much free time will hiring an employee give the owners, according to Robert’s suggestion?
82 BUSINESS ADMINISTRATION
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