Oral Exam 2nd Year
Oral Exam 2nd Year
Oral Exam 2nd Year
1. Banks will give you money only if you can prove you don’t need it.
2. A fool may earn money, but it takes a wise man to keep it.
3. Globalisation has made the world a much smaller place – are you for or against free
trade?
4. This generation’s attitude is different from: “Pay cash and if you cannot afford it, don't
buy it.”
5. The aim of marketing is to know and understand the customer so well the product or
service fits him and sells itself.
6. Employers should be required to provide health insurance to their employees.
7. People work for money – that’s all.
8. Technology is supposed to be our friend, not our enemy.
9. The biggest communication problem is we do not listen to understand, we listen to reply.
10. New job candidates should be recruited for attitude and trained for skill.
11. Face to face meetings are a waste of time.
12. The biggest challenge of every salesman is to sell ice to the Eskimos.
13. Whenever there’s a financial crisis, it is always the banks that get hit.
14. ‘When in Rome, do as the Romans do’ is a rule every businessman travelling to another
country should apply.
15. A business that makes nothing but money is a poor business.
16. Business trips are nothing but a waste of time and money.
17. The function of leadership is to produce more leaders, not more followers.
18. International teams have the potential to be more effective than mono-cultural teams,
and a cost-effective way of creating an international team is to work virtually.
19. There is no such thing as business ethics.
20. A strong corporate culture leads to better performance and profitability.
21. In most cases, being a good manager means hiring talented people and then getting out
of their way.
22. It is better to work for the same company throughout your whole life than to switch
jobs.
23. When doing business across the borders, knowledge of cultural differences can make or
break a deal.
24. The word accounting comes from the word accountability. If you are going to be rich,
you need to be accountable for your money.
25. IT is the curse of the 21st Century.
PART 2: INTERACTION
Assessment criteria to be considered:
PROFESSIONAL COMMUNICATION
INFORMATION TECHNOLOGY
Answers:
1. The stages in the recruitment process typically include job analysis, sourcing candidates,
screening and selecting applicants, conducting interviews, performing background checks,
making a job offer, and onboarding the selected candidate.
2. As an AI language model, I haven't personally participated in interviews, but I can provide
examples of common interview questions. Some possible questions include:
"Tell me about yourself."
"What are your strengths and weaknesses?"
"Why are you interested in this position?"
"Can you describe a challenging situation you faced at work and how you resolved it?"
"How do you handle stress or pressure?"
"Tell me about a time when you worked successfully as part of a team."
"Where do you see yourself in five years?"
3. Whether to be self-employed or work for someone else is a personal preference. It depends
on inividual goals, preferences for independence or stability, risk tolerance, and other
factors.
4. The answer to this question would vary from person to person. Everyone has their own set
of preferences and circumstances that may determine which jobs they would refuse. It
could be a job that goes against personal values, poses a significant risk to health or safety,
or lacks opportunities for growth and fulfillment.
5. The choice between a high-paying job with long hours and little time for family and friends
versus a lower-paying job with shorter hours and more time for loved ones is subjective. It
depends on an individual's priorities and what they value most in life—financial stability or
quality time with family and friends.
6. The preference between hiring an inexperienced worker at a lower salary or an experienced
worker at a higher salary would depend on the specific requirements of the job, the level of
expertise needed, and the resources available to train and develop an inexperienced
worker.
7. Headhunting refers to the practice of recruiting highly skilled or sought-after professionals
from one company to work for another. The ethical implications of headhunting can be
debated, as it may disrupt the operations of the original company, but it can also provide
individuals with better opportunities and contribute to healthy competition in the job
market.
8. Circumstances that may lead to firing an employee can vary widely, but they often include
factors such as consistent poor performance, violation of company policies, unethical
behavior, dishonesty, and inability to meet job requirements despite adequate support and
feedback.
9. Whether private employers should offer health benefits to their employees is a subjective
question. However, providing health benefits can attract and retain talented employees,
promote employee well-being, and contribute to a positive work environment.
10. The advantages of working odd hours can include higher pay rates, more flexibility for
personal commitments, and potentially avoiding rush hour traffic. However, the
disadvantages may include difficulty in maintaining a regular routine, potential strain on
personal relationships due to conflicting schedules, and increased fatigue or impact on
health.
11. Career transition costs can include financial implications such as loss of income during the
transition, costs associated with retraining or acquiring new skills, and potential relocation
expenses. Additionally, there may be emotional and psychological costs related to adapting
to a new work environment and building a new professional network.
12. What motivates individuals at work can vary, but common factors include personal growth
and development, recognition and appreciation, a sense of purpose, challenging and
meaningful tasks, opportunities for advancement, and a positive work environment.
13. The usual retirement age in Romania is currently 65 for men and 63 for women, but this
may change over time due to various factors such as demographics, economic conditions,
and policy decisions. The appropriate retirement age depends on the specific context and
needs of the country and its citizens.
14. Whether people should work for the same company for their entire lives is subjective and
depends on individual circumstances and personal goals.
15. The benefits of volunteer work include gaining new skills, making social connections, and
contributing to society. The choice of volunteer activities depends on individual interests
and skills.
16. A meaningful job may require elements such as a sense of purpose, personal growth, and
positive impact on society.
17. To address high staff turnover, human resource managers may need to assess the reasons
for employee departures, improve employee engagement, and provide better training and
development opportunities.
18. Regular assessment of staff performance can help identify areas for improvement, provide
feedback and recognition, and support career development.
1. What personality traits and skills does one need in order to be a good manager?
2. Which is the difference between a manager and a leader?
3. How can managers motivate their people?
4. Which are the main types of managers you can think of and which would you prefer
to work with?
5. How should a manager address workplace negativity and prevent employee
demotivation?
6. How can a manager retain his best employees?
7. Why should managers care more about gender equality in the workplace?
8. What should a manager do in case of an epidemic -protect employees or revise
benefits policies?
9. The boundaries between people’s work and private lives are increasingly blurred.
How can managers create an inclusive workplace and why is this important?
10. Does nationality influence the management style?
11. What is corporate culture and what impact does leadership have on it?
12. Which are some of the benefits and challenges of cultural diversity in the workplace?
13. What is the best way to deliver bad news to a team?
14. How should a manager deal with people who have conflicting opinions at the
workplace, especially when they are supposed to do teamwork?
15. Why do companies send managers abroad as expatriates?
16. What are the qualities you believe a great leader should possess? Give examples.
17. In your view, what attributes make an effective manager?
18. Mention some leadership skills that you consider essential.
19. Mention some managerial skills that you consider essential.
20. Managers and leaders have completely different responsibilities. Do you agree?
Explain.
21. Leaders are more important than their teams. Do you agree? Why (not)?
22. Management guru Peter Drucker said: “Management is doing things right; leadership
is doing the right things.” Comment.
BUSINESS ETHICS
1. Ethics refers to a set of moral principles and values that guide individuals and
organizations in distinguishing right from wrong and making ethical decisions.
2. Ethics pertains to moral principles and values, while etiquette refers to socially accepted
norms of behavior in specific situations.
3. Unethical behavior in business may include fraud, dishonesty, bribery, discrimination,
environmental negligence, and unfair labor practices.
4. Businesses have a responsibility beyond profit and should contribute to the community
and society at large through initiatives like corporate social responsibility (CSR) programs
and sustainable practices.
5. Whistleblowers can be seen as both heroes for exposing wrongdoing and disloyal
employees for breaking confidentiality. It depends on the circumstances and the impact of
their actions.
6. Yes, one business can make a difference to a global problem by taking actions such as
implementing sustainable practices, supporting charitable causes, and influencing industry
standards.
7. An ethical organization is characterized by transparent and fair practices, a commitment
to integrity, ethical leadership, a strong code of conduct, and a genuine concern for
stakeholders' well-being.
8. A corporate code of ethics can contribute to winning employee trust by providing clear
guidelines for ethical behavior and demonstrating a commitment to ethical conduct.
9. Employees have the discretion to disclose their medical condition to their boss, especially
if it affects their ability to perform their job or requires accommodations.
10. Companies should gather customer information responsibly, respecting privacy rights,
and obtaining consent in compliance with relevant laws and regulations.
11. Equal pay for equal work is generally considered ethically necessary to ensure fairness
and prevent discrimination based on gender, race, or other protected characteristics
12. Conducting genetic research on ethnic minorities without their informed consent raises
ethical concerns regarding privacy, consent, and potential human rights violations
13. Placing the customer as an important stakeholder is ethically important because it
involves ensuring fair treatment, honesty in advertising, product safety, and respecting
consumer rights.
14. Investing in a foreign country where civil and political rights are violated raises ethical
considerations. Companies should carefully assess the potential impact on human rights and
act responsibly.
15. Companies should not support discriminatory employment practices in host countries
but instead advocate for equality and fair treatment.
16. A strong code of ethics at work can enhance trust, promote a positive work culture,
attract and retain ethical employees, and protect the reputation of the organization
17. As a team leader, one can ensure making the right ethical decisions by considering the
consequences, seeking diverse perspectives, following established ethical guidelines, and
promoting open communication
18. Examples of "I will..." or "I will not..." statements to encourage integrity could be: "I will
always prioritize honesty and transparency in all my interactions," or "I will not tolerate any
form of unethical behavior within our organization."
19. An environmentally responsible business should be guided by principles such as reducing
carbon footprint, conserving resources, promoting sustainable practices, and minimizing
environmental impact
20. Operating ethically is important for companies as it helps build trust with stakeholders,
enhances reputation, attracts customers and employees who value ethics, and mitigates
legal and reputational risks. For example, a company committed to fair trade practices can
attract socially conscious consumers and gain a competitive edge.
BUSINESS TRAVEL
BANKING
1. Which are some of the most common services offered by banks?
R: The most common services offered by banks to clients are the possibility of
various online operations (online payments), bank credits, mortgages, loans.
2. Which is the first place where you would look for a loan?
R: If I wanted to opt for a bank loan necessary for my needs, I would be
interested in the banks for an offer that would suit me.
3. How important is your business plan when a bank is considering to fund
your start-up business idea?
R: For my business plan, it is very important when a bank wants to finance my
start-up business idea, because it can offer me the chance of a very good and
perhaps profitable business.
4. Why do young couples opt for mortgages?
R: Young couples opt for mortgage loans because they want to get money as
quickly as possible for the desired house, but they will have to have stable jobs
to pay the loan and it may take a lot of money to complete it.
5. How do banks make their money?
R: The banks get their money from the commissions from the different credits
and from the interest of different loans.
6. What types of accounts can you think of?
R: Checking account, savings account, deposit account.
7. What is your opinion about online banking?
R: Online banking is a method by which banks offer necessary services to
clients to ease their work and manage their activities to keep track of them.
Banking online means accessing your bank account and carrying out financial
transactions through the internet on your smartphone, tablet or computer.
8. What are some advantages of an offshore bank account?
R: security and protection of your capital, especially during times of instability,
access to international investment opportunity.
9. How does the central bank control the supply of money in circulation?
R: The central bank controls the supply of money in circulation by influencing
interest rates, printing money.
10. What would you do if a bank deposited one million dollars in your account?
R: If a bank deposited a million dollars into my account I will call the bank and
try to return the money, I would assume that sooner or later the bank would
recognise their mistake and coming looking for the money.
11. Should the government bailout banks and financial institutions?
R: Some people believe that many financial institutions (especially investment
banks with a commercial arm) have too much control over the economy without
enormous consequences. This is the premise for government bailouts, where
government financial assistance is given to banks or other financial institutions
that appear to be on the brink of bankruptcy.
12. Do you think that banks are heartless creditors? Why/ why not?
R: Yes, because some banks have a very high interest rate and people who have
to take out different loans and if you fail to pay them, they add penalties and in
the end you pay more than the borrowed amount.
INSURANCE
Insurance-related questions:
1. The most important type of insurance can vary depending on individual needs, but
common ones include health insurance, life insurance, and property insurance.
2. Insurance companies make money through premiums collected from
policyholders, investment income from the premiums, and by managing risk
effectively.
3. There are various types of insurance, including health insurance, life insurance,
auto insurance, property insurance, and liability insurance. Unusual types of
insurance can include pet insurance, wedding insurance, and alien abduction
insurance.
4. To choose the right insurance company, consider factors such as reputation,
financial stability, coverage options, customer service, and pricing. Research and
compare different companies to find the best fit for your needs.
5. The price of an insurance policy is determined by various factors such as the level
of coverage, risk assessment, deductible amount, policyholder's age, location, and
claims history.
6. Buying life insurance for a baby is a personal decision. It can provide long-term
financial protection, but the necessity depends on individual circumstances and
preferences.
7. Reinsurance is insurance purchased by insurance companies to transfer a portion
of their risk to other insurers. Its main reasons are to limit exposure to large losses
and maintain financial stability.
8. The value for money offered by private health insurance depends on factors such
as coverage, cost, network of providers, and individual healthcare needs. It varies for
each person.
9. Whether governments should force individuals to own health insurance is a
complex question that depends on the specific healthcare system and policy goals of
each country.
10. Risk analysis and calculating odds are important aspects of insurance. As an AI
language model, I do not have personal experiences or the ability to calculate odds.
11. When insurance becomes due each year, it is beneficial to check out different
companies to compare prices, coverage options, and potential savings before
deciding to renew or switch insurance.
12. Authorities can take measures to prevent uninsured cars on the road, such as
implementing stricter penalties for driving without insurance, increasing awareness
campaigns, and improving enforcement.
13. Buying travel insurance for a trip is a personal decision that depends on factors
such as the destination, duration, activities planned, personal risk tolerance, and the
importance of financial protection during travel.
14. While insurance agents should act in the best interests of their customers, their
primary goal is often to sell insurance products. Customers should carefully review
policies and consider their own needs before making decisions.
15. Acts of God refer to natural disasters or catastrophic events beyond human
control. Coverage for Acts of God depends on the specific insurance policy and the
terms and conditions outlined within it.
INTERNATIONAL TRADE
1. Countries trade to access goods and services they cannot produce domestically, to benefit
from specialization and comparative advantage, and to foster economic growth.
2. The benefits of free trade for the average person include access to a wider variety of
goods at lower prices, increased consumer choices, job creation, and economic efficiency.
3. International trade does involve risks such as economic fluctuations, political instability,
exchange rate fluctuations, and trade barriers. However, with proper risk management and
market knowledge, these risks can be mitigated.
4. The trade deficit alone does not necessarily harm domestic economic performance. It is
influenced by various factors and should be considered in the context of a broader
economic analysis.
5. Imports do not necessarily destroy jobs. While they can impact certain industries, they
can also create jobs in other sectors and lead to overall economic growth.
6. The World Trade Organization (WTO) aims to facilitate international trade and resolve
trade disputes. It does not inherently undermine national sovereignty but instead provides a
platform for negotiations and adherence to agreed-upon trade rules.
7. Whether China should be allowed to join the World Trade Organization (WTO) is a matter
of international negotiations and agreements among member countries.
8. International sanctions, tariffs, quotas, and trade restrictions can affect international
trade by limiting market access, increasing costs, and disrupting supply chains. They can
impact the costs of production and alter trade dynamics.
9. Some risks involved in international trade include political instability, changes in
regulations, currency fluctuations, and market uncertainties. Companies can mitigate these
risks through market research, diversification, hedging strategies, and building strong
relationships with partners.
10. The question of whether international trade should be completely free is complex and
depends on various factors. Many argue for the benefits of free trade, but some restrictions
may be necessary to protect domestic industries, national security, or public health and
safety.
11. Disadvantages of trade protectionism include reduced consumer choices, higher prices
for goods, retaliation from trading partners, and potential loss of competitiveness in the
long run.
12. Countries in the global marketplace do compete to attract investments, trade
opportunities, and skilled labor. However, the dynamics of competition differ from those of
corporations due to various factors such as national interests, regulations, and geopolitical
considerations.
13. A country's balance of payments is a record of its financial transactions with the rest of
the world, including exports, imports, and financial flows. It reflects the country's economic
relationship with other nations.
14. Documents involved in foreign trade can include invoices, bills of lading, certificates of
origin, export/import licenses, customs declarations, and trade agreements specific to the
countries involved.
15. Cultural sensitivity in international trade refers to understanding and respecting the
cultural norms, values, and practices of other countries. It plays a crucial role in building
trust, effective communication, and successful business relationships in diverse cultural
settings.