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1ST FINAL EXAM – ACADEMIC YEAR 2018 - 2019

Subject: BUSINESS – GRADE 11

! Time allowance: 45 minutes

Student name: ..................................................................................... Class: ......................

Date: ......................................................................

Score Teacher’s comment

/100

Part I: Theory

Question 1: Which department do office support, maintenance and security belong to?

A) Human Resources B) Administration C) Finance D) Marketing

Question 2: What happens to the business if its income is higher than outcome?

A) Break-even B) Profit C) Bankruptcy D) Loss

Question 3: Effective productivity is the result of?

A) Unmotivated staffs B) Highly motivated staffs C) Low-paid staffs D) Accounting

Question 4: You hired an accountant, what does he/she have to do in your company?
________________________________________________________________________________
Question 5: If you are planning to sell toys, where will you sell them? Explain why.
________________________________________________________________________________
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Part II: Pratical

Question 1: Janna sells noodles in her house. She bought 60 bowls with 20.000 VND/
bowl, 70 pairs of chopsticks with 10.000 VND/pair and 60 spoons with 15.000 VND/
spoon. Other instruments, kitchen tools and stoves were bought for 13.200.000VND.
EVERY DAY she has to buy 300.000 VND of noodles, 600.000 VND of meat and 500.000
VND of other ingredients. She sells noodles every day. The price for a bowl of noodle is
40.000 VND. In the first week she sold 200 bowls. In the second week she sold 300. But
in the third week she sold only 80. So she reduces the price down to 35.000 VND/bowl
and sold 400 bowls in the fourth week.

Is her business profit-making or loss-making in the first 4 weeks?…………………………..

And how much did she earn/lose?……………………………………………………………….

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Question 2: Please explain your answer to the question 1 on the table below:

No Description Outcome Income

1
2
3
4
5
6
7
8
9
10
11

Total

If
If

Is it profit or loss?…………………………… loss……………… profit………………

Question 3: Base on question 1, what are Janna’s business fixed costs, and what are
variable costs in the first 4 weeks?

Fixed costs Variable costs

Descriptions Amount (VND) Descriptions Amount (VND)

Total Total

Fixed costs in the first 4 weeks:_______________________________________________VND

Variable costs in the first 4 weeks:____________________________________________VND

Total costs in the first 4 weeks:________________________________________________VND

This means in the first 4 weeks, Janna has to earn_____________________VND in order to

reach the break-even point.

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Question 4: Imagine Janna only sells noodles for 40.000 VND/bowl. The variable costs to
make a noodle bowl equal 20.000 VND. Fixed costs are known from question 1. Please
draw a break-even chart, pointing out fixed costs, variable costs, total costs and
revenue lines, and then mark the break-even point.

VND
60000000

56000000

52000000

48000000

44000000

40000000

36000000

32000000

28000000

24000000

20000000

16000000

12000000

8000000

4000000

200
400
600
800
1000
1200
1400
Noodle bowl

Question 5: QEEKIP makes mobile phones. It operates in a competitive market. The

Marketing manager believes that because QEEKIP is good at maintaining customer
demand for its phones is price inelastic. Its best selling product, Z, is near the end of its
product life cycle. The Marketing manager has to decide whether to spend money on
developing new products or use extension strategies for product Z.

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Qeekip – quantity sold by product type in 2018

T
15%
Z

40%
X
20%

Y
25%

Total quantity sold: 800 000 units

1) Calculate the quantity of product Z sold in 2018.

________________________________________________________________________________
________________________________________________________________________________
2) Explain the possible effect on QEEKIP if the prices of its products are reduced.
________________________________________________________________________________
________________________________________________________________________________
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3) Identify and explain the advantage to QEEKIP of developing new products.

Advantage:

________________________________________________________________________________
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Explanation:
________________________________________________________________________________
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