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DIP – Economic Census 2011. Lim Sei Kee @ cK. Section A – Structured Questions. 1. Why do you think Brunei Muara district has the most business enterprises compared with other districts? Give at least three reasons. (9) Densely populated – access to people
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DIP – Economic Census 2011 Lim SeiKee @ cK
1. Why do you think Brunei Muara district has the most business enterprises compared with other districts? Give at least three reasons. (9) • Densely populated – access to people • Main district – access to facilities • Strategic location – access to resources
2. According to the census, there are 151 business enterprises with more than 5 branches. List down at least 5 enterprise which has more than 5 branches in Brunei. (10) • HuaHo, Soon Lee, SKH, KFC, Seng Hoe Huat, Excapade Sushi, Nazmi Textile, Millimewah, Jollibee, PizzaHut, DeeJay, BIBD, Guardian.
3. Why do you think there are only a few enterprises that expand into 2 or more branches in the nation? Give at least three reasons. (6) • Costs of expanding – rent, equipment, labor, • Competition • Lack of demand • High risks • Lack of strategic location
4. How many businesses are there in Brunei as of 2010? (2) • 5,486
5. As of 2010, how many workers are there in all enterprises? (2) • 98,987
6. How many workers are there in accommodation and food service activities for large business? (2) • 2,925
7. Explain manufacturing business. Provide at least three examples of manufacturing enterprise in Brunei. (6) • Enterprise that involve with the process of converting raw materials into finished products. • Examples: Kingston Beverages, Brunei Halal, BMC, Sabli, SPHI, Aewon, Suci, Huludao City, Armtrix Enterprise.
8. Why do you think economic census may be important for the government of Brunei? Give three reasons. (9) • To formulate policies • To check economic growth • Help prepare economy direction
9. Explain the differences between small, medium and large enterprises. (9) • Small : less than 10 employees, low capital • Medium : between 10 and 99 employees, average capital • Large : more than 100 employees, large capital
10. Using your own words, define “revenue from business activities”. (5) • Revenue – Income (Payment) that business enterprises receive from selling and/or providing business goods and/or services.
1. In Brunei, business enterprises can only be classified into three categories: small, medium and big. • TRUE
2. As of 2010, Brunei Darussalam has more than 6,000 enterprises in the nation. • FALSE
3. There are many enterprises which has only one branch in the country. • TRUE
4. Large enterprises only invest in mining and quarrying activity. • FALSE
5. Majority of the enterprises in Brunei are involved in wholesale and retail trade activity. • TRUE
6. In summary, there are many more workers in manufacturing activities as compared to workers in construction. • FALSE
7. There are a total of 14,652 workers who are employed in small business sector. • TRUE
8. Not all businesses are involved in the Brunei Darussalam Economic Census 2011. • FALSE
10. Proprietorship can also be classified as large enterprise. • TRUE
ECONOMIC CENSUS 2011 • You are to complete the ‘Report Reading’ Exercise and submit your work latest on 21st May 2014, 5PM. • As stated, you can either work individually or involved yourself in a group of maximum 3 students. • Reminder: OneBiz (mindmap) is due on the same day as well!
Small Business Management - TEST • Paper 1 [1 ½ Hours] • A. Fill in the blanks • B. Multiple Choice Questions • Paper 2 [2 Hours] • A. True or False • B. Structured Questions • C. Case Study
Topics • 1. Business Enterprise • 2. Self-employment • 3. Entrepreneur • 4. Business Ownership • 5. Sources of Finance