Name: Ng Wei Hang

Student ID No: 21PBD07745

Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2

PENANG
ONLINE EXAMINATION ANSWER BOOKLET

INSTRUCTIONS TO CANDIDATES

1. You are required to write your answer in the Google Doc prepared in the Google Classroom Assignment.

2. You are required to type your answers for ALL the questions using the font type of Times New Roman,
the font size of 12 and single line spacing.

3. This answer booklet should be named using your tutorial group, full name, student ID number, and the
course code as follows: DIN1S1G1_Cho Hoe Hoe_2012345_ABDM1183 FOA.

4. Upon completion of your online assessment, you MUST run originality test on your answer written in
Google Doc before you submit.

5. You must submit your answer booklet to be received by the lecturer/tutor before the end of the submission
period which is 30 minutes from the end time of this assessment.

6. To submit your answer booklet, please proceed as follows:

(a) Click '+Add or Create' under 'Your Work' in the assigned classwork of the Google Classroom and
select your Google Doc to add in.

(b) Click ‘Check Originality’, and then click ‘Turn In’ to complete the submission after the originality
checking is done.

7. If you submit your answer booklet late, that is, after the deadline of 30 minutes from the end time for this
assessment, a penalty will be imposed as follows:

(a) If your late submission is within 30 minutes from the deadline:

Your final marks for this online assessment will be reduced by 10 marks.
(b) If your late submission is more than 30 minutes from the deadline:
Your final marks for this online assessment will be downgraded to zero (0).
8. Extenuation Mitigating Circumstance (EMC) encountered, if any, must be submitted to the
Faculty/Branch/Centre at sabrinachan@tarc.edu.my within 48 hours after the date of this online
assessment. All EMC applications must be supported with valid reasons and evidence. The UC EMC
Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
Guidelines apply.

STUDENT’S DECLARATION OF ORIGINALITY

By submitting this online assessment, I declare that this submitted work is free from all forms of plagiarism
and for all intents and purposes is my own properly derived work. I understand that I have to bear the
consequences if this declaration is found to be untrue.

Final Online Assessment Submission

Course Code : ABDM1183

Course Title : Intro to Business

Signature : hang

Name of Student : Ng Wei Hang

Student ID : 21PBD07745

Date : 4/10/2021

QUESTION FOR EXAMINER’S USE ONLY

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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
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QUESTION 1 (30 marks)
The purpose of business is to earn profit. For example, one of my friend's business
ambitions is to make RM5 million in three years. Planning, organizing, leading, and
controlling are all aspects of management. Then there are the financial resources and
expertise needed to support, maintain, and expand the company's activities. All activities
involving the acquisition and effective use of money are referred to as this term. Apart
from that, the ability to deal with difficulties such as adhering to laws and government
rules. All acts involved with obtaining money and effectively employing it are related to
money. After That, the first most significant macro-environment factor that impact the
business is technology. Technological advancements can transform an industry or
entirely destroy it, causing it to be superseded by a new market. Everything from product
design to production and distribution to marketing can be influenced by technology.
Consider the promotion and sale of goods and services via mobile applications, websites,
social media, and data mining. The second most significant macro-environment factor is
legal issues. Politics determines which firms are permitted to operate and the rules that
govern them. For example, in the tobacco sector, legislation affecting tobacco product
marketing was passed. Pharmaceutical businesses can now advertise prescription
medications legally. The third most significant macro-environment factor is
sociocultural. The way people choose to conduct their lives is influenced by
sociocultural variables, which are a blending of a society's conventions, ethics, morality,
and lifestyles. Consider the impact of social trends like "going green," "internet privacy,"
and "mobile phone addiction" on the corporate world. Lastly, the fourth most significant
macro-environment factor is economic. The economy expands during a bull market, and
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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
corporations spend in R&D and take risks by expanding into new areas. During a bear
market, on the other hand, corporations become frugal with their earnings and employ
cost-cutting methods to get the most out of every dollar spent.

You may insert additional rows as and when required.

QUESTION 1 - TOTAL MARKS

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QUESTION 2 (30 marks)
As a business consultant, I would discuss three common types of business ownership,
and four advantages and disadvantages of each type of business ownership. Firstly, the
first common types of business ownership is sole proprietorship. Sole Proprietorships
are businesses owned and operated by one individual. First advantage of sole
proprietorship is secrecy. Example: they enable the highest level of secrecy and reduce
the risk of competitors obtaining trade secrets. Second advantage is distribution and use
of profits. Example: the owner is the exclusive owner of all profits. Third advantage is
flexibility and control of the business. Example: the firm owner has complete control
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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
over the operation, allowing them to react rapidly to changing market conditions. Last
advantage is government regulation. Example: the highest independence from
government regulation is enjoyed by sole proprietorships. After that, first disadvantage
of sole proprietorships is unlimited liability. Example: the owner bears unrestricted
liability for the company's debts. Second disadvantage is limited sources of funds.
Example: It is more difficult to secure finances to start or expand a solo proprietorship
because external sources of funds are scarce. Third disadvantage is lack of continuity.
Example: the survival of the company is dependent on the owner's health and ability to
work. Last disadvantage is taxation. Example: wealthy sole owners pay a greater tax rate
than they would if they ran their business as a corporation. Secondly, the second
common types of business ownership is partnerships. Partnerships are a type of business
entity defined as "an association of two or more persons who continue on as co-owners
of a profit-making firm." First advantage of partnerships is ease of organization.
Example: partnerships are simple to form. Drawing up articles of partnership is all it
takes to start a partnership. Second advantage is combined knowledge and skills.
Example: Partners can specialise in marketing, production, bookkeeping, or customer
service, among other areas of competence. Third advantage is decision making.
Example: Small businesses can react to changes in the business environment faster than
major organisations and partnerships. Last advantage is regulatory controls. Example:
Government regulations are few. Besides that, first disadvantage of partnerships is
unlimited liability. Example: General partners, like sole owners, have unlimited
accountability for the partnership's debts. Second disadvantage is business responsibility.
Example: partners are responsible for each others’ decisions and a bad decision by one
partner can put the other partners’ personal resources at risk. Third disadvantage is life
of the partnership. Example: when one of the partners dies or withdraws, the relationship
ends. Last disadvantage is limited sources of funds. Example: A partnership's financial
resources are limited. Lastly, the last common types of business ownership is
corporation. Corporations is a legal entity, created by the state, whose assets and
liabilities are separate from its owners. First advantage of corporations is ease of transfer
of ownership. Example: It is simple to transfer ownership (stock). Second advantage is
perpetual life. Example: corporations, on the other hand, typically outlast their owners.
Third advantage is external sources of funds. Example: It is easier to raise funds for a
startup than for other types of businesses. Last advantage is expansion potential.
Example: because of the company's potential to extend into national and international
marketplaces, expanding into new businesses is easier. After that, first disadvantage of
corporations is double taxation. Example: the corporation is taxed on its profits, and the
owners are taxed again on any dividends received. Second disadvantage is forming a
corporation. Example: creating a corporation can be costly. Third disadvantage is
disclosure of information. Example: corporations are required to provide information to
its shareholders, which is commonly done through an annual report to shareholders.
Competitors can see all reports filed with the Securities and Exchange Commission
(SEC) because they are open to the public. Last disadvantage is employee-owner
separation. Example: The majority of employees do not own stock in the company for
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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
which they work. Employees may believe that their effort benefits just the owners
because of the separation of owners and employees. Employees who do not have a stake
in the company may not always recognise how they fit into the overall picture.

QUESTION 2 - TOTAL MARKS

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QUESTION 3 (20 marks)
Mr. Brown performs four core management functions: planning, organizing, directing,
and controlling. Firstly, planning is the process of determining the organization’s
objectives and deciding how to accomplish them. Planning involves setting the
organization’s mission statement, goals and objectives such as a mission, often known as
a mission statement, is a proclamation of an organization's essential purpose and
philosophy. It describes the reason for the organization's existence and a firm's objective
is the outcome it wishes to attain. Operational plans are very short-term in nature, and
they explain what specific individuals, work groups, or departments must do in order to
fulfil the tactical plan and, eventually, the strategic plan. They apply to specific details in
the execution of activities over the course of a month, week, or even day. Then, product
tampering, oil spills, fire, earthquake, computer viruses, or even a reputation problem
due to unethical or unlawful behaviour by one or more employees are all examples of
potential calamities that require crisis management or contingency planning.
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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
Unfortunately, many organisations do not have up-to-date contingency plans in place to
deal with the various types of emergencies that may arise. After that, Organising is the
structuring of resources and activities to accomplish objectives in an efficient and
effective manner. Organising can helps create synergy, lines of authority are established,
improves communication, aids in the avoidance of resource duplication and improve
competitiveness by speeding up decision making. Besides that, directing is the
motivating and leading employees to achieve organizational objectives. Become a good
directing must involve telling employees what to do and when to do it by using
deadlines, choosing and implementing rewards and recognition, motivate employees by
providing incentives and asking workers to contribute ideas. Lastly, controlling is the
process of evaluating and correcting activities to keep the organization on course.
Controlling is consists of five activities such as measuring performance, comparing
current performance to goals or criteria, identifying deviations from standards,
investigating causes of deviations and taking corrective action when necessary.

QUESTION 3 - TOTAL MARKS

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QUESTION 4 (20 marks)
The core human resource management functions performed by Sook Yin is determining
an organization’s human resource needs for all the activities. As a Human Resource
manager, Sook Yin must assess the number of people or talents required to meet overall

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Name: Ng Wei Hang
Student ID No: 21PBD07745
Subject Code & Title: ABDM1183 Intro to Business
Programme/Year of Study: DIN 2021
Tutorial Group: 2
goals, as well as how many new employees her company will require in the near future
to fill vacant jobs and keep the company running smoothly. She must also anticipate the
number of qualified personnel who will need to be hired, as well as whether layoffs will
be necessary to meet the company's needs.

The second human resource management function is recruiting and selecting new
employees. Sook Yin can be seen in the scenario. She is responsible for managing
company personnel, including coordinating and supporting the recruitment process,
which requires her to create a pool of qualified applicants from which management can
select employees from both internal and external sources, which include advertisements
in newspapers and professional journals, employment agencies, and collegians. In some
case, companies sometimes use headhunters to recruit for managerial or professional
positions. After that, Sook Yin need to select employees by collecting information about
applicants and using that information to make hiring decisions. The selections of the
company are application, interview, testing, reference checking.

The third human resource management function is developing the workforce.

Orientation familiarizes newly hired employees with fellow workers, company
procedures, and the physical properties of the company. It includes tour of the building,
introductions to supervisors and co-workers, distribution of manuals and policies and
socializing the new employee into the ethics and culture of the company.

QUESTION 4 - TOTAL MARKS