Executive MBA Sample test of reading and writing



Similar documents
STUDENT WORKBOOK. Welcome to the Trade Your Way: Schools Challenge SCHOOLS CHALLENGE

Bad Advisors: How to Identify Them; How to Avoid Them. Chapter 6. Fee-Only Advisors

Community Futures Management Consultant in a Box

15 Toughest Interview Questions and Answers! Reference: WomenCo. Lifestyle Digest,

Learning Objectives: Quick answer key: Question # Multiple Choice True/False

HOW TO SOLVE DAILY LIFE PROBLEMS. The Steps to Solving Daily Life Problems

The 13 Pitfalls of selling your home... And how a Seller Advocate can help you avoid them

Metropolitan University Prague. International Relations and European Studies. Bachelor Entrance Test. 60 Minutes

Chapter 1 The Scope of Corporate Finance

Approximately 45 minutes worth of materials for a Y8 9 Citizenship/PSHE lesson on Managing money / Personal finance.

Topic 2(d) Bank accounts

Dealing with problems and complaints

Internal control and accounting systems A guide to writing your report

Todd: Kim: Todd: Kim: Todd: Kim:

Sales Lead Brokerage Profit Plan Bonus Document

Is Your Business Ready For the Holidays? 7 Steps to Improve Your Online Holiday Sales

5 I m very sorry about that.

The Basics of Building Credit

How To Increase Your Odds Of Winning Scratch-Off Lottery Tickets!

Countdown to Independence Building your RIA office

Small Business Checkup

Creating an Awesome Customer Experience

Mark Scheme. Business Studies BUSS4. (Specification 2130) Unit 4: The Business Environment and Change

How to Prosper in a Recession: Fire Your Low-Performing Salespeople! by Jeffrey L. Josephson President, JV/M, Inc.

Reflective Writing. How do you write reflectively? Stages of reflective thinking

Viewing my Electronic Health Record

ESP MARKETING TEACHER S NOTES

BANKING CHARGES. March 2015

The senior assessor s report aims to provide the following information: An indication of how to approach the examination question

The Sales Mastery Series for Real Estate Professionals

Positive Feedback: A Low Cost Solution with High Profit Potential

Getting a Difficult Business Loan Is Easy

Determining Option Price. Target Price, Strike Price, Option Premium!

0:00:18 Todd: 0:00:30 Kim: 0:01:15 Todd: 0:02:10 Kim: 0:04:10 Todd:

[ INTRODUCTION ] A lot has changed since 1992, except for everything that hasn t. We come from a place you ve probably never heard of.

ESP MARKETING TEACHER S NOTES

A: We really embarrassed ourselves last night at that business function.

your people are our business Performance Management

Asda Credit Card - Frequently asked questions

Cyber, Social Media and IT Risks. David Canham (BA) Hons, MIRM

The 10 Most Costly Mistakes You Can Make When Selling Your Home

Reading 1 > A Hard Bargain

MOLINA HEALTHCARE, INC. CODE OF BUSINESS CONDUCT AND ETHICS

Business Ethics Concepts & Cases

how to: business case

SPECIAL REPORT. How To. Sell Your Home. In 9 Days Or Less. No Commissions! No Fees!

Projecting the 3 Statements & 3-Statement Modeling Quiz Questions

0:00:29 Kim: Thank you Todd, happy to be here, looking forward to talking about selfdirected

What Is Pay Per Click Advertising?

A free guide for readers of Double Your Business. By Lee Duncan Your Business.com

Corporate Recruiter Tells All

True Stories: My Debt Crisis

SPREAD BETTING DISCIPLINE

How To Sell Your Home Quickly At No Cost To You

Growing your business through franchising

Human Resource Research Paper

Presentation Phrasebook. Version 1.1

We found a few things during the review but here was the major issue.

HOW TO BUY A BUSINESS

The main points are: The Business Plan How To Write It. History of your Business

The Definitive Guide to Legendary Customer Service

BUSINESS PERFORMANCE GUIDE

6.3 PROFIT AND LOSS AND BALANCE SHEETS. Simple Financial Calculations. Analysing Performance - The Balance Sheet. Analysing Performance

Buying or Starting a business in Cyprus

Back to Basics. Managing the Audit Department: Resource Management

English as a Second Language Podcast ESL Podcast 216 Outsourcing Operations

Best in Class Customer Retention

Changing the shape of British retirement.

A Blueprint To Profitable Options Trading

Lessons On Buying Stocks

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

Hi-tech. Language focus. First conditional. Second conditional. eat. 'd give / wouldn t

Keyword Research: Exactly what cash buyers, motivated sellers, and private lenders are looking for online. (and how to get in front of them)

SMALL BUSINESS OWNER S HANDBOOK

FACTSHEET: Why small businesses should consider the environment

Chapter 6 The cash flow statement

Savings and Bank Accounts

Our guide to. buying an annuity

The 17 Costly Marketing Mistakes made by Restaurant Operators that Destroy their Advertising Profits

First Certificate Trainer

How-To-Make-Money-Easily. Congratulations!!

FACT A computer CANNOT pick numbers completely at random!

A Practical Guide to Seasonal Staffing Alternatives

Paper P3. Business Analysis. Wednesday 11 June Professional Level Essentials Module. The Association of Chartered Certified Accountants

Designate an A + B, two mortgage lenders, Goldman Sachs and an Authoritative Voice; make signs that they wear.

Transcription:

I READING COMPREHENSION I A Read the following article and fill the gaps with a suitable word below. Every organization has its share of employees from hell. They are, hypochondriac underperformers. They are difficult to manage and miserable to work with. Their is low and their ability to poison staff morale high. Their existence in the organization is nearly always due to a long time of weak management who have declined to tackle the problem. Traditionally, there are three classic ineffective ways of with the incompetent. The first is to ignore the problem, hoping that it will go away. Rather than confront laziness or serious., the manager gives the employee less work to do. This inevitably leads to frustration on the part of the hardworking who see the problem employee getting away with it. The second. which has traditionally been the most favoured is to pass them on. There is usually a part of any business when people believe the poor performance can do no damage. Alternatively, poor performance can be moved to another, or to another town or even to another country. There is a third approach which is to.. the incompetent. All three of those strategies are the result of not dealing with the problem early on. Many managers find dealing with incompetence very difficult. The scenario that all managers hate is as follows: show a subordinate a low mark on the form. The employee first wants the behaviour defined, then wants an example of when the behaviour occurred, then argues about how this incident occurred and how typical it was. The result is a about the past and frustration on the part of both. absenteeism - appraisal - approach branch dealing lazy productivity promote - row - staff

I B These are the article s main conclusions. Decide whether the following statements are True or False: The writer criticizes the managers for bad decisions when choosing the staff. The first method suggested for dealing with incompetent staff sends a negative message to those who do their job well. In both the 2nd and 3rd methods of dealing with incompetent employees the manager s aim is to improve their attitude by promoting them. The employees who are given a low mark demand a detail explanation of what they have done wrong. II A Match the terms below with their appropriate definitions: 1 commission A movement of money into and out of a business 2 franchise B a plan for achieving or improving something 3 insider trading C sth. you receive as well as your wages for doing your job 4 profit margin D money paid to sb. for selling goods, a % of the sales made 5 hoarding E licence to trade using a brand name and paying a fee for it 6 stake F business that sells goods to customers, rather than to shops 7 retailer G In GB a large board used for putting advertisements on 8 bid H using secret information by staff of a co. about its plans 9 blueprint I difference between the price a product and the cost of producing it 10 cash flow J money risked or invested in a business 11 perk K an offer to buy something, or the price offered 1 2 3 4 5 6 7 8 9 10 11

II B SENTENCE TRANSFORMATION Complete the second sentence so that it has a similar meaning to the first sentence, using the word given. Do not change the word given. Example: It was so late that nothing could be done. too It was too late to do anything, or too late for anything to be done. Most students can work very hard when they feel like it. capable Most students. working very hard when they feel like it. I d love to go on holiday in August, but that s my busiest month. can/able I wish I go on holiday in August, but that s my busiest month. I advise you to take out travel insurance before you go away. better You.. out travel insurance before you go away. I have a mobile phone because my mother may need to contact me. case I have a mobile phone to contact my mother. We couldn t drive because of the fog. prevented The fog.driving. Driving on the left is strange to me. used I am... driving on the left. III Correct the mistakes in the sentences below, where necessary. If a sentence is correct put OK next to it! Let s get started. She was made come to the meeting. She d rather die than give a speech. Where is she now? I only wish I know! Despite applying for dozens of jobs, she is still out of work. She ll arrive to Lodz at noon. She s enough old to decide for herself. She asked me how is the business doing?

IV SOCIAL ENGLISH Match the following questions/statements and answers to make natural dialogues. Use each response once only. Example: 1 Haven t we met somewhere before? A Not at all. Go ahead. 2 I m afraid I ve forgotten the phone no. B Reception s as good a place as any. 3 Did you manage to get the tickets? C Just a fruit juice, please. 4 Would you mind if I opened the window? D You re welcome. 5 Where shall we meet? E It s difficult to say at this stage. 6 I ll pick you up at 6.30. F I don t think so. 7 What can I get you? G Could you make it a bit earlier? 8 Do you think we ll get the contract? H I m afraid not. It was fully booked. 9 Thanks for your help. I Oh it doesn t matter. 1, 2, 3, 4, 5, 6, 7, 8, 9. V EXPRESS YOUR VIEW ON THE FOLLOWING: What are the advantages and disadvantages of outsourcing? What is the current economic situation in Poland? In what ways is the government trying to influence it? Is honesty the best policy? What is the purpose of a business, in your opinion? Is it just to make money? What are some of the rewards and challenges of studying abroad? What would be your dream job?

ANSWER KEY: IA: lazy productivity - dealing absenteeism staff approach branch promote - appraisal row IB: False True False True IIA: 1D 2E 3H 4I 5G 6J 7F 8K 9B 10A 11C IIB: are capable of could / were (was) able to had/ d better take in case my mother needs prevented us from not used to III: OK made to come OK wish I knew OK arrive in Lodz old enough how the business was IV: 1F 2I 3H 4A 5B 6G 7C 8E 9D V: Some sample statements. There are clearly no definite right answers here. What are the advantages and disadvantages of outsourcing? Outsourcing in general can be defined as passing of service provision or production to another party. The chief reason of outsourcing is to reduce capital expenditure over a business process. There are several marked advantages of outsourcing: Management gets more time to concentrate on their core competencies. This also reduces the dependency upon internal resources and increases the flexibility to meet the changing business conditions. Outsourcing gives a company the ability to get access to skilled and trained man power at lower rates. This in turn leads to an increase in productivity as well as cost savings. By outsourcing a company saves on recruitment, training and other human resource costs it would otherwise have to maintain internally. Even though several other reasons can be listed up in favor of outsourcing, one must not overlook the disadvantages of it, such as: the tendency to lose the managerial control; the potential hidden costs of outsourcing, e.g. legal costs; a threat to the security and confidentiality of issues of a company such as salary. What is the purpose of a business, in your opinion? Is it just to make money? Some people argue that the objective of business, and consequently the role of managers, is to make as much money as possible for companies owners, and the stockholders. Other people argue that companies have to be careful never to cheat customer, but for purely business reasons, rather than ethical ones: disappointed customers will not buy any more of your products in future. Still other people insist that companies have social and ethical responsibilities to their stakeholders: customers, their staff, their business partners, their local community, society in general, and the natural environment, that are as important as, or more important than, their responsibility to provide a financial return to their shareholder. Is honesty the best policy? I think that not always. It depends on the situation. For example, to save an innocent life, you may need to lie or do something dishonest. The motto: The end justifies the means. The phrase endorses a virtue not for itself but for practical reasons. Honesty is for the most part less profitable than dishonesty.for example, is honesty the best policy when it comes to sales? I think that honesty is in fact the best policy when it comes to selling something, no matter what that something might be.