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N5 BUSINESS MANAGEMENT REVISION Flashcards | StudBud
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N5 BUSINESS MANAGEMENT REVISION
N5 BUSINESS MANAGEMENT REVISION
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National 5 Revision Quiz including questions on all areas.
Flashcards
40 cards
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Practice quiz
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Questions
40
Answers
1
Which of the following is NOT a form of Industrial Action?
Work to rule
Strike
Sit In
Go Fast
2
Which of the following is NOT a factor of production?
Enterprise
Wealth
Capital
Land
3
Shares are a source of finance used by?
Private limited companies
Soletrader, partnerships and private limited companies
Soletrader and partnerships
Soletrader
4
Which Act does 'Ensuring everyone has a fair and equal chance' come under?
Computer Misuse Act
HASAWA
National Minimum Wage
Equality Act
5
A cost that can change regularly is?
Fixed and Variable
Fixed
Variable
Fixed minus variable
6
Which of the following is NOT a good?
Newspaper
Hairdresser
I-Phone
Trainers
7
A quality circle is?
involves every employee at every stage of the prod process
checking products more regularly avoiding initial problems
checking products to make sure they meet standards
groups of employees discussing issues of quality
8
External Factors within a business are referred to as PESTEC Factors. The P stands for?
Political
Participate
Persuasion
Policy
9
Operations is responsible for:
meeting the needs and wants of customers
deals with issues relating to the management of staff
manufacturing products
managing the money of a business
10
The way customers are informed that a product exists relates to which of the 4P's?
Place
Promotion
Price
Product
11
An advantage of distribution by train is:
there isnt a train station in every station
delivery is door-to-door
large products can be transported
products can be transported straight across the world
12
Which method of industrial action is used when employees work slower than they should?
Go Slow
Work to rule
Sit in
Overtime ban
13
Most businesses operate a system of setting stock levels. Which is not correct?
Understocking
Re-order level
Maximum stock
Minimum stock
14
Which of these products is currently in the Maturity Stage
3D Printer
Cadbury Dairymilk
Coke-zero
I-Watch
15
Which is NOT a cause of poor cash flow?
Owners taking too much money out of the business
offering discounts to customers
spending too much money
Giving customers too long to pay their debts
16
Which type of research is this? Gathering new information - gathering primary information...
Field
Online
Desk
Outdoor
17
A benefit of Off-the-job training is?
Qualifications can be gained
creates working relationships with colleagues
Time spent away from workplace
Can be expensive
18
This stakeholder provides the business with financial services, who are they?
Local Government
Supplier
Bank
National Government
19
Which is an advantage of Flow production?
machinery breaksdown, production is halted
quality issues
Products are all the same with no individuality
raw materials are purchased in bulk
20
Which of the following is NOT a method of production?
Flow
Job
Capital
Batch
21
Which of the following is a disadvantage of a soletrader?
Raising large amounts of start up capital can be difficult
Profit made is split between partners
Limited liabaility
Easy to set-up
22
Which stage of the recruitment process involves providing info about type of person required
Person Specification
Advertise job
Identify job vacancy
Job Description
23
Which of the following is NOT an internal factor?
Financial
Social
HR
Current Technology
24
Enterprise is a factor of production, which of the following statements is true for enterprise?
Man made resources
Natural resources
Combination of all factors
People employed by the business
25
A hall test is?
people answer number of questions
watching something and recording what happens
fac-to-face discussion
product given to customers to try
26
Low pricing strategy is used because...
customers think it is on special offer
customers think It is cheaper than competitors
customers think It is higher quality than competitors
it ensures costs are covered and a profit is made
27
Which of the following belongs to the Private Sector?
Non-profit Making Organisation
Private Ltd Company
Local Government
Social Enterprise
28
Which stage comes first in the recruitment process?
Send out applications
Advertise Job
Identify Job Vacancy
Prepare Job Description
29
Which of the following is a disadvantage of having a big brand?
Higher prices can be charges
Brand loyalty
Fake copies can be made
Easily recognisable
30
Which one of these is a stage of the selection process?
Job analysis
Interview
Job advertisement
Job Description
31
Which objective means to be seen in a positive way by not harming the local environment?
Social Responsibility
Provision of a service
Survival
Customer Satisfaction
32
Maturity is a stage in which process?
Product Decline Process
Product Placement Cycle
Product Life Cycle
Product R&D Cycle
33
Which of the following statements regarding Sales refers to the growth stage?
Low Sales
Sales are at their peak
Sales are increasing
Sales are falling
34
Which of the following is NOT a prt of the Marketing Mix?
Perception
Place
Price
Promotion
35
Businesses in this sector use raw materials to make something with them. This sector is?
Tertiary
Secondary
Quaternary
Primary
36
The break even point is?
point taht sales revenue and total costs equal
The point where the business is still making a loss
The point where the business then starts to make a profit
The point where sales revnue and the selling price meet
37
A stakeholder is a person or group of people who:
Want the business to be successful and can influence it
Want the business to be successful but cant influence it
Dont want the business to be successful
Cant influence the business
38
The operations function is?
Input - Process - Output
Input - Process - Output - Stock
Process - Input - Output - Stock
Input - Output - Process
39
Which external factor refers to anything which encourages people to spend or not spend money?
Competitive
Technological
Economic
Social
40
Which type of business is owned by 2-20 people?
Partnership
Private Ltd Company
Public Ltd Company
Soletrader
