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SCMP Reporter

Choose the correct answer
1 A management accountant
a Helps the manager keep the company's accounts
b Analyses how a company generates profits and writes budgets
c Manages the managers' accounts
2 R&D stands for:
a Research and Development
b Research and Design
c Robots & Droids
3 A market share is:
a An investment tool covering the whole share (stock) market
b the value of a company's sales compared to the total sales of one product (the company's and its competitors)
c a virtual place where companies share market information.
4 A limited company is a company:
a which can only trade a limited number of items
b which can only operate in Hong Kong.
c in which the shareholders can only lose the amount of money they have spent to buy their shares.
5 The working capital is:
a The profit a company makes
b the salaries due to the workers
c  the cash a company needs to run on a daily basis
Answers
1. b, 2. a, 3. b, 4. c, 5. c
Here are a few activities you can research on this week's topic:
1) Research success stories of companies in books or on the internet. What made them successful?
2) When you go shopping or buy a service (ie coffee, hairdressing), look around and list the reasons why you visit this place rather than another one.
3) Go to a shop you like and note what makes people buy: from the smile of the shop assistant, to the address, or design.



Accounting