1. Failure to manage working capital effectively is the starting point for a business failure. Explain your answer.
2. 5G technology will significantly change the business landscape in the next 5 years. Discuss this statement.
3. Despite the many difficulties and challenges due to the Covid-19 pandemic and the implementation of the Movement Control Order (MCO), some businesses are still able to enjoy high sales and profit rates. Discuss this statement.
4. You are running a construction firm in Penang. Your construction workers comprising people from various countries; Bangladeshi, Rohingya, Indonesian and Vietnamese. You noticed that some of your workers could not get along with others. Tension and conflicts often occurred at the construction site between the groups. There were few cases where conflicts and fights between workers from different nationalities broke out at the site. The latest conflict, which happened last week between the Indonesian and Vietnamese workers has caused one of your Vietnamese workers stabbed to death during a fight between the groups. The police have detained the suspects and ordered the construction site to be temporarily closed until further investigation has been done. This has delayed the construction progress. As the owner of the construction firm that has workers from various nationalities, explain how the above risks could be mitigated towards avoiding the incident from happened again in the future.
5. You are planning to set up a restaurant. Your restaurant will be located at Section 2, Wangsa Maju, Setapak, Kuala Lumpur. It is a location that has a high population density. The population in the area is diverse. Most of the residents in the area are working and they don't have time to cook. Currently, there is one Mamak restaurant and 2 Chinese restaurants operating in the area. To do so, you need RM20,000 as start-up capital. You are not eligible for a bank loan and you don't have enough cash in your savings account to meet the capital requirement to run the restaurant. Your mom has offered her gold pendant to you to help you to fulfill your dream of having your own restaurant. These include her wedding ring given by your late father to your mom during their wedding ceremony 40 years ago. You believe the gold pendant and the wedding ring is having a high sentimental value and they are the love symbol of your late father to your mom. The jewelry could be pawned at any Ar-Rahnu or conventional pawn broking for cash that could help you to get the RM20,000 needed to set up your restaurant. You could redeem the jewelry from the pawnbroking once you have successfully accumulated enough cash to repay the loan amount should your business succeed. The market prospect is still unpredictable due to the Covid-19 pandemic. The ongoing Movement Control Order (MCO) will force you to limit your operating hours until 10.00 pm daily. Besides, no dine-in is allowed. However, home delivery is provided at extra charges. Extra costs will also incur due to the premise's sanitation purpose due to the pandemic. The current political situation is uncertain. Any significant changes that happened in the political scenario (E.g. changing of the ruling government) will directly affect the future business prospect. Will you accept your mom's offer?