Mock Questions

Dominicque Vaca, Mathías Calvopiña, Nicolas Bastidas, Nicolás Narváez, María Belén
Castro
1. Explain one advantage and one disadvantage of PST converting in a private limited
company
 One of the advantages of private limited company is that members are well known
to each other.
 One of the disadvantages of private limited company is that it cannot issue
prospectus to general public.
2. With reference to PST outline one advantage and one disadvantage of a
parnertship
 One disadvantage is that there is a risk of disagreements and friction among
partners and management
 One of the advantages of having a business partner is sharing the labor
3. Define the term quotas
 Is a limited quantity of a particular pr oduct which under official controls can be
produced, exported, or imported
4. Construct an organizational chart for PST

1.
5. Identify Pekka style of leadership
 Paternalistic
6. Describe tapio style of leadership
 Laissez-faire
7. Define the term job rotation
 Is a form of job enlargement whereby workers are given different tasks, but of the
same level of complexity, to help reduce the problemscaused by performig
repetitive tasks
8. Distinguish between Pekka and Tapio leadership style
 Pekka has a paternalistic leadership style because acts in a dominant authority figure also
expects loyalty and trust from employees, in contrast Tapio has a laissez faire leadership
because hands-off and allow group members to make the decisions and also to the lowest
productivity among group members
9. Define teamwork
 Is the process of working collaboratively with a group of people in order to achieve
a goal, and is necessary because people will try to cooperate, using their individual
skills and providing constructive feedback, despite any personal conflict between
individuals
10. With reference to PST outline two financial rewards for the employees
 Bonus
 Good salaries
11. Define induction training
 Induction training is the preparation or training that the employee receives when they
enter for first time to the organization, this is important to convert the recruit into a
productive part of the business; also, this process has to be very fast because the
organization can’t lose time in the new employees.
12. Explain how is training conducted in PST
 The training in PST is extensive and very well done, referring to how the new members of
the company acquire knowledge in trawlers, this allows each new employee to know how
to handle different cases inside the boats. These trainings are done inside and outside the
workplace, which ensures visible results in a wide variety of cases. In addition, PST is
concerned with its employees who do annual training for the safety and health of their
employees, to see how they are working for them and if there are skills in which they
should improve and prepare them.