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End of Year A level Business AQA 7132 Flashcards | StudBud
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End of Year A level Business AQA 7132
End of Year A level Business AQA 7132
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#business #aqa #7132
Flashcards
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Questions
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Answers
1
Which business objective would a market leader typically adopt?
Employee Welfare
Social objectives
Profit Maximisation
Survival
2
What was Dr.Deming known for
Creator of 6 sigma
continual improvement of quality
Maker of Toyota
Creator of Excel
3
Differentiation vrs diversification?
Standing up vrs Standing down
Standing alone vrs Standing out
Standing tall vrs Standing small
Standing out vrs Standing alone
4
Culture is......
about where your family is from
the religion & way of life of a group of people
ideas, customs & behaviour of a group of people
about what your family believes
5
Profit for year margin =
Labour costs/units of output
NCL/TE + NCL x 100
current assets : current liabilities
profit for year/sales revenue x 100
6
On the Tannenbaum Schmidt Continuum what is number 3?
manager makes decision and announces it
Manager presents tentative decision subject to change
Manager permits subordinates to function within limits
manager presents ideas and invites questions
7
On the Blake Mouton Grid a team leader shows
High concern for people, low concern for task
is Middle of the Road
low concern for task, low concern for people
high concern for task, high concern for people
8
Profit =
selling price x number of units
variable costs - fixed costs
total contribution/fixed costs
net gain = expected value - initial cost
9
Which of the following is not featured on the Ansoff Matrix?
Product Penetration
Market Penetration
Market Development
Product Development
10
Who created theory X and Y?
Douglas McGregor
Douglas McGregor & William Ouchi
William Ouchi
Douglas William
11
Who is this?
Charles Handy
Mark Carney
Larry Greiner
John Elkington
12
YED =
% change in qu / % change in price
% change in price / % change in income
% change in quantity demanded / % change in Y (income)
% change in y / % change in quantity demanded
13
Automation is a production process ....
that always needs a large workforce
that involves machinery usually controlled by a computer
that is used in car manufacturing
that involves automatic systems
14
Gross profit =
total revenue minus total contribution
net profit Plus finance income
revenue minus cost of sales
gross profit minus expenses
15
Role analysis is also known as _______
JON ENRICHMENT
JOB ANALYSIS
JOB EVALUATION
JOB ENLARGEMENT
16
Market capitalisation =
VC per unit x number of units sold
number of shares issued x current share price
price x quantity
Current assets : current liabilities
17
Who is this?
Abraham Maslow
Igor Ansoff
Geert Hofstede
Charles Handy
18
Market size is....
Value of one firm's sales
Volume or value of all sales in market
Volume of all sales in the market
Volume/value of one firm's revenue
19
In lean manufacturing, all employees are involved in ____________________.
engineering
marketing
testing
quality control
20
'SPICED' stands for what?
strong pound imports cheap exports dear
Ronnie does... he knows everything
super profit income costs extra data
strong pound inflates cost exporting donuts
21
7 Ps - which one is the odd one out?
People
Product
Penetration
Price
22
What is the meaning of focus group in customer service?
They get together to discuss a product before its launch
All of the above!
a demographically diverse group of people
they provide ongoing feedback the product/serivce
23
The following are examples of a scientific decision making approach
Having a hunch
Being stuck in the middle
Investment appraisal
Following your gut feeling
24
Ideal answer for the current ratio
8:1 - 10:1
1.5 - 2:0
1:5 - 2:5
2:1 - 3:1
25
What is a best practise for Operational Excellence?
Cost effectiveness
Incremental changes
Follow Change Management process
Scaling
26
STP
Segmentation, targeting , positioning
Socio economic, targeting , positioning
Segmentation, targeting , promotion
Segmentation, time frame, positioning
27
Break even formula
Total fixed costs / variable cost minus selling price
Total costs = total profit
Fixed costs / selling price minus variable costs
Total variable costs /units
28
What is not part of Porter's Five Forces?
Threat of Non-Completion
Market Penetration
Power of customers
Power of Customers
29
Inventory turnover =
Cost of goods sold/average inventories held
labour costs/units of output
receivables/sales revenue x 365
current assets : current liabilities
30
In what industry did Lean Manufacturing appear first?
The automotive industry
The textile industry
The corn industry
The meat industry
31
Flow Production is a production process where...
an item moves continuously along the production line.
items stop and start due to waste
items are made individually by one employee.
items are made in batches.
32
Who is this?
Jason Harle
Michael Porter
Larry Greiner
Igor Ansoff
33
Calculate the ARR for the following investment:
5%
15%
25%
35%
34
A
disadvantage
of flow production would be...
Initial costs are low
can lead to too many leaders
Initial costs are high and investing money is risky.
the company can become more efficient
35
A market segment is...
A group of customers with similar buying habits
A business owner
The people who buy your product
An area of the market the business sells in
36
Hackman and Oldham's model of job design include the below, except?
Feedback
Task Significance
Hygiene factors
Autonomy
37
...are NOT examples of CSR.
giving a fair price to suppliers
providing fair wages
providing fringe benefits for employees
minimising waste and pollution
38
What were Porter's five forces?
Model of corporate strategic development
Model of portfolio analysis
Model to help businesses get & sustain competitive advantage
Model to help business decide the best strategy
39
What is lean manufacturing?
Manufacturing that isn't flexible or responsive to demands
It aims to reduce waste in all areas (time, costs, etc)
It's related to manufacturing products for skinny people
Explores production processes from all angles and directions
40
Calculate NPV
£28,500
£192,093
£278,500
£100,000
41
Stakeholder mapping - Keep satisfied is showing
high stakeholder power high stakeholder interest
high stakeholder power and low stakeholder interest
low stakeholder power and highstakeholder interest
low stakeholder power and low stakeholder interest
42
What is number 4 on Bowman's strategic clock?
Hybrid
Increased price/low value
Low price/low value
Differentiation
43
The 2 axes on the Boston matrix are...
market growth and sales
market share and price
market share and sales
market share and market growth
44
Elkington's Triple Bottom Line is
Planet, Place, penetration
Planet, People, Profit
Planet, penetration, promotion
Planet, People, Physical resources
45
What innovation was pioneered by Toyota?
Sustained
Disruptive
Kaizan
Process
46
On the Blake Mouton Grid a Country Club managers shows
Low concern for people and low concern for the task
Plays Golf every day
High concern for people and low concern for the task
High concern for people and high concern for the task
47
Kaplan and Norton creates which framework?
Theory X and Theory Y
Balanced Scorecard
Core Competences
Hard and Soft HRM
48
High geared is....
50%
> 50%
below 25%
between 25% and 50%
49
What does Operational Excellence mean to you ?
Supply Chain Effectiveness
All of the above
Manufacturing Excellence & Safety Performance
Supporting Functions, System & Processes
50
This man conducted an experiment called "The Hawthorne Effect"
Herzberg
Taylor
Mayo
Maslow
