Business Studies Questions & Answers

Facebook Interview Process (Case Study) 1.   What are the principles behind Facebook’s interview process?  Do you think it is too complex?  Explain. Facebook is always seeking individuals that not only fit their organization’s culture but that have a strong grasp on what the company is about.  2. What does the interview process tell you about Facebook’s culture? Explain. Facebook is not looking for a (warm body) for its various positions.  Candidates and the ones selected for hiring should have a strong ability to contribute to the organization. 3.   Can Facebook’s interview process be applied in companies that are not technology-based?  How might it be applied to a company that makes golf clubs? No, it can't be applied exactly but can be used as a reference for a similar approach. Because every new hire an entrepreneur makes determines the heights to which the company can climb or the depths to which it can go and is based on the company's vision and

Don't Just Do It, Do It Right (Case Study) Q1. Why did worldwide protests break over alleged '' sweatshops conditions'' in Nike factories across south Asia? Were the business practices ethical? Sweatshops often have poor working conditions, unfair wages, unreasonable hours, child labor, and a lack of benefits for workers. In this situation Nike business ethics was unethical.   Q2. Was Nike a helper or exploiter of the third world? Exploiter more than a helper. Because more than 200 children are involved in the production line at Nike in Asia. Though, Nike is characterized of making its equipments  in countries which are in the developing phase by very cheap labor. In doing this Nike made high margins on the cost to its workers. So, Nike success story is not based on good name and advertising alone but also attached to the tears of tortured workers and child labor. The issue is not that simple. As the demand is increasing on Nike products produced by

A Tale of Two Borrowers (Case Study) 1.        One of these businesses received a bank loan and the other did not. Describe the differences between the two companies that led to one entrepreneur receiving the financing he needed and the other one failing to qualify for a loan.       The differences in the two businesses from the bank’s perspective can be based on many factors that may have played a part in the loan decision: Credit rating: The bank will want to review both the credit history of the business and Andy because a   personal guarantee   is often required for a small business loan. The cash flow from a business operation and the cycle of cash flow, from the purchase of inventory through the collection of accounts receivable, is the most important factor for obtaining short-term debt financing. Collateral: When lenders demand collateral for a secured loan, they are seeking to minimize the risks of extending credit. In order to ensure that the particula

A Short Season  (Case Study)   Q1. What impact do highly seasonal sales have on a small company's cash flow? The amount of any small company's working capital must maintain stable and is also affected by seasonality. During peak productivity times, the amount of working capital will, in general, be higher to cover all increased operating expenses. That depends on the nature of the industry, as some of the working capital may have to be put in reserve especially when the business and the cash flow is down. It is important to know how a business is affected by any seasonal change and to plan accordingly. Researching the industry and observing it trends is one way to understand how a business might be affected. Depending on previous experience in the industry and directly observing trends will help to deal with these changes. Q2. What other advice can you offer owners of seasonal businesses about coping with the effects of their companies? These two advice are fo