Business Studies

Advantages and disadvantages of small office

len Alfred Ajibola - 30th January, 2023 @ 07:33 AM

Topics in Business Studies

What is an Office? Qualities of a good office layout Small office explained with its characteristics Large office: Characteristics of large office Advantages and disadvantages of small office Advantages and disadvantages of large office Advantages and Disadvantages of Corporations Advantages and Disadvantages of Limited Liability Company Advantages and Disadvantages of Partnership Credit card and Debit card explained with their similarities and differences Business Structure: What is a business structure? Advantages and Disadvantages of Franchise What is a franchise? Types of franchise Corporation explained with its types What is Limited Liability Company? What is Partnership Business? Types of Partnership What is business studies? Concept of business Elements of Management What is Management? Importance of Management Advantages and Disadvantages of Air Transport Advantages and Disadvantages of Rail Transport


Academic Questions in Business Studies

Please click here to see all Questions and Answers

A one-man business is termed _____.

  • A. Proprietorship

  • B. Sole Proprietorship

  • C. Individual Entrepreneurship

  • D. Sole Trader

  • E. All of the Above

  • F. None of the Above

Which of the following is not a function of the wholesaler?

  • A. They distribute goods

  • B. They store goods

  • C. Specialization of goods

  • D. They bring about price variability in goods

  • E. They act as shock absorbers during the movement of goods

  • F. Packaging of goods

A person employed by an organization to carry out the everyday duties of a typical office, and at the same time perform a couple of other functions for their company which may vary from one company to another, is termed a _____.

  • A. Secretary

  • B. Personal Assistant (P.A)

  • C. Secretary General

  • D. Clerical Staff

  • E. Supervisor

  • F. Bookkeeper

Dual Entry System - Len Academy

The above image best describes the _____.

  • A. Ledger system

  • B. Journal system

  • C. Double entry system

  • D. Balance sheet system

  • E. Principles of accounting system

  • F. Balanced accounting system

An accounting system focused primarily on a balanced debit and credit side is termed _____.

  • A. Ledger system

  • B. Journal system

  • C. Double entry system

  • D. Balance sheet system

  • E. Principle of accounting system

  • F. Balanced accounting system

With regards to money, which of the following statement is incorrect?

  • A. Money is crucial for the survival of every human being

  • B. Money is completely advantageous

  • C. Money is defined as anything that is generally accepted as a medium of exchange

  • D. Monopoly is said to exist when money and wealth exists in the hands of a few

  • E. Excess money in an economy can lead to inflation

  • F. When a person receives money that isn't commensurate with the job he or she had done, then that's underemployment

Which of the following statement is wrong with regards to business?

  • A. Business involves the exchange of something for another thing or money

  • B. Business is an economic activity

  • C. In business, profit goes beyond money

  • D. Businesses do not have social responsibilities to their customers

  • E. The exchange of services is an aspect of business

  • F. Businesses can be affected by government policies

Consumer _____ are the laws and methods put in place by various agencies so that consumers can enjoy maximum satisfaction on the goods they buy and services rendered to them.

  • A. Protection
  • B. Policy
  • C. Rights
  • D. Defence
  • E. Guide
  • F. Safety



Advantages of Small Office

  1. Small offices are cheaper and easier to start.

  2. One who runs a small office home office (SOHO) can dedicate enough time to their family.
    Please read the concept of a small office and its characteristics here.

  3. The processes and activities in a small office are simplier and easier to manage.

  4. Communication is a vital part of business. This is better achieved in a small office.
    Please read on the characteristics of business here.

  5. Cost of running a small office is cheaper since each worker may perform more than one function.

  6. Within a short period of time, workers in small offices can easily learn the skills required in running the business.
    Please read how to start a home based fish farming business here.

  7. The workers enjoy a close relationship with one another and the customers.

  8. Salary increase can be easily discussed with the boss since small offices often lack a payment structure.
    You can read on the disadvantages of money here.

  9. In a small office, promotion may be achieved over a short period of time.

  10. Those who work in small offices are likely to spend less time commuting to work.
    Please read on the advantages and disadvantages of road transport here.

  11. For those working from home, stress and distractions are often avoided.

  12. Small offices provides more privacy, especially the SOHO (Small Office Home Office).

  13. A sole proprietor owing a small office is typically his/her own boss. As a result, they report to no one.
    You can read on interesting facts for students here.

  14. Small office owners may enjoy better health since they can always accord quality time to themselves.

  15. General office skills are easily learnt in small offices. This is true because a worker may carry out different functions, roles, duties and responsibilities.

Please read the introduction to an office and qualities of a good office layout here.

 

Disadvantages of Small Office

  1. A small office cannot accommodate large number of customers in its physical location.

  2. The workers have slim chances of furthering their career through professional trainings and refreshers courses.
    You can attempt Len Academy questions and answers on various subjects here.

  3. The workers may become unspecialized in their job since small offices lack division of labour.
    Please read on the factors necessary for division of labour here.

  4. The workers may earn little in comparison to their work output.

  5. The office tools utilized in small offices may be limited. This is due to the small size of the office.
    You read on agricultural tools and their uses here.

  6. Favorable working policies may not be put in place in small offices.

  7. Since small offices are often one-man business, it can become somewhat difficult expressing one's grievances against the business owner.
    Please read on partnerships here.

  8. People who worked in small offices may gain little experience for a bigger job in a large office.

  9. Workers may not enjoy the privileges of an office leave.

  10. Job security and pension schemes are often lacking in small offices.
    You can read on people as a marketing mix here.

  11. Appointment letters may not be given in a small office. Therefore, job details and office responsibilities are not specified.

  12. A small office may suffer when a worker is sick, as there may be no one to cover for the sick person.
    Please read on the advantages and disadvantages of large office here.

Kindly share this article via the links below:


len


Please click here to contact Alfred if you require any of the following services:

  • If you need a standard website at an affordable price.

  • Online training on the academic subjects: biology, chemistry and basic science.

  • If you require an advanced smart school management system (web application) for your school.

Click here to read on Len Academy Smart School Software.


Please click here to follow Len Academy on Google News.


Please Register here or Login here to contribute to this topic by commenting in the box below.


Amazing facts in Business Studies

Utrecht - Len Academy

According to the Global Bicycle Index, Utrecht in Netherlands is the most bike-friendly city in the world

The world's 100 richest people earned enough money in 2012 to end global poverty four times over


Notable points in Business Studies

Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.

The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:

  1. Government Agencies

  2. Independent Agencies

  3. Legislation

Please read on consumer protection here

One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.

Below are some of the government agencies of consumer protection:

  • National Drug Law Enforcement Agency (NDLEA)
  • National Agency for Food, Drug Administration and Control (NAFDAC)
  • Consumer Protection Council (CPC)
  • Rent Tribunal
  • Ministry of Health
  • Ministry of Commerce
  • Ministry of Transportation
  • Ministry of Environment
  • National Wages and Salaries Commission

Please read on the government agencies of consumer protection here