Fredrick Taylor theorised that

Money is the major motivating factor in a workforce

The hierarchy of objectives from top to bottom is

Mission, corporate, department, task, Individual objectives

A business needs a number of cash cows in its product portfolio because

They can cross subsidise newer products

The formula to calculate absenteeism is

(No staff absent/Total No of Staff) * 100

which statement is correct about Herzberg's Two Forces theory?

Hygiene force must be in place for motivators to take effect

Labour productivity is

A measure of the output per worker in a period of time

A product with a PED of -0.2 would mean

The business can increase price in order to increase revenue

A business with the following correlation between sales and advertising spend can assume that

Sales will probably increase if more is spent on advertising

What will the following demand curve tell a business?

Prices increase there will be a significant fall in demand

Considers employees as a resource to be used effectively

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Year 12 AS Business

20 termsStudBud Administration498 plays

#AQA #Business Studies #3.1 #3.3 #3.6

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Questions 20

Answers

1
Fredrick Taylor theorised that
Pay is one of many factors that can motivate a workforce
workers are motivated by things other than money
Workers will put enjoyment of work above pay
Money is the major motivating factor in a workforce
2
what is the most suitable channel of distribution for a business making industrial machinery?
Business to internet sales to consumer
Business to agent to consumer
Business to consumer
Business to retailer to consumer
3
A business can prolong the life cycle of a product through
Retention strategies
Extension Strategies
Invention strategies
Attention Strategies
4
The hierarchy of objectives from top to bottom is
Mission, corporate, department, task, Individual objectives
corporate, mission, department, individual, task objectives
Mission, department, corporate, individual, task objectives
Corporate, mission, department, task, individual objectives
5
Hackman and Oldhams job characteristics include
Rewards
Individualism
Communication
Autonomy
6
A business needs a number of cash cows in its product portfolio because
They are likely to start to make a profit in the near future
They can cross subsidise newer products
They have lots of potential to increase their sales
they are potentially big earning product in the future
7
The formula to calculate absenteeism is
(Total No of Staff/No Staff absent) *100
(No staff absent/Total No of Staff) * 100
(No staff absent * Total no Staff) *100
(Total no staff *No Staff absent)/100
8
Which of the following is not one of Hackman and Oldhams psycholgical states?
Meaningfulness of work
Motivation of employee at work
Knowledge of work outcomes
Responsibility of work
9
which statement is correct about Herzberg's Two Forces theory?
Motivator and Hygiene factors are independent of eachother
Hygiene factors motivate the workforce
A hygienic workplace s vital to motivation
Hygiene force must be in place for motivators to take effect
10
Labour productivity is
A measure of the output per worker in a period of time
The number of workers producing products in period of time
Measure of how much more products workers make in a set time
The number of products produced in a period of time
11
A product with a PED of -0.2 would mean
The business will see no revenue change with reduced price
The business must reduce price in order to increase revenue
The business will see no revenue change with increased price
The business can increase price in order to increase revenue
12
Which of the following is not a consideration in Human Resource Flow
Internal Flow
Staff Inflow
Staff Overflow
Staff Outflow
13
A business with the following correlation between sales and advertising spend can assume that
Sales will probably decrease if more is spent on advertising
Advertising is the only way to increase sales
Sales will probably increase if more is spent on advertising
Advertising expenditure will have no impact on sales
14
For a business to help achieve Maslow's Self esteem needs it would need to
Give job security
Provide a staff room for employees
Offer feedback on work done
Pay satisfactory wages
15
An example of an unincorporated business would be
Private limited company
Public limited company
Sole Trader
public corporation
16
What will the following demand curve tell a business?
Prices increase there will be a small fall in demand
Prices increase there will be a significant fall in demand
Prices increase there will be a significant rise in demand
Prices increase there will be proportional change in demand
17
The following formula will calculate
Market size by value
Market size by volume
Market Share
Market Growth
18
A firm has variable costs of £10 per item, fixed costs £10,000. Total costs for 10,000 items
£100,000
£110,000
£11,000
£10,010
19
A hard HRM strategy
Involves paying employees high wages to motivate them.
Views employees as the most valuable resource of a business
Considers employees as a resource to be used effectively
Nurtures employees to get the best out of them
20
A soft HRM strategy will focus on
Monitoring Employees
Cutting Costs
Using Employees efficiently
Personnel development

Year 12 AS Business Flashcards | StudBud