What is price elasticity?

change in quantity relative to change in price

Which of the below are used in Liquidity Ratios?

Current Assets & Current Liabilities

What does the Blake Mouton grid try to explain?

If a business is product orientated or people orientated.

Liquidity ratios are so called because they measure...

the firm's ability to pay off its short-term liabilities

what is paternalistic leadership style?

the managers decisions have employees interest in mind

ARR can be interpreted as

The average yearly return on investment a project generates

Which is a drawback of decision Trees

Probabilities are often estimated

Legal factors could include…

Employment and consumer protection law.

What is Laissez Faire

attitude of trust and reliance on their employees

is the income earned by a business over a period of time

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Year 13 Oct

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Questions 20

Answers

1
Sole traders are usually?
Small Businesses
Big Businesses
2
What is price elasticity?
a price falls below the price floor
change in quantity relative to change in price
change in quantity equals change of supply
when the government stretches price margins
3
Which of the below are used in Liquidity Ratios?
Current Assets & Current Liabilities
Current Assets & Long Term Liabilities
Current Liabilities & Long Term Liabilities
Fixed Assets & Current Liabilities
4
When was the Equality Act passed?
2005
2011
2010
1999
5
What does the Blake Mouton grid try to explain?
Team leaders v country club leaders
The relationship between leadership and motivation
Concern for people v concern for environment
If a business is product orientated or people orientated.
6
what is a ipo
international policy offer
integral planning opportunity
intense planning operation
initail public offering
7
Liquidity ratios are so called because they measure...
the firm's ability to pay off its long-term liabilities
the firm's ability to pay off its short-term liabilities
8
Gearing ratio is as follows...
Debt/long term debt + equity
Long term Debt/ Debt + Equity
Matty Evans
debt + equity/long term debt
9
what is paternalistic leadership style?
clear heirachical structure
the managers decisions have employees interest in mind
leaders have minimum input
promotes creativity
10
ARR can be interpreted as
The profit level of the project
The average yearly return on investment a project generates
The current value of a project
11
Which is a drawback of decision Trees
Clarifies possible courses of action
Makes managers account for risk
Adds financial data to decisions
Probabilities are often estimated
12
Legal factors could include…
Adaptation to new technology.
Climate change and pollution.
Employment and consumer protection law.
13
All of these are trade barriers EXCEPT
Tariff
Embargo
Comparative advantage
Quota
14
Capacity utilisation Formula
Capacity/output x 100= capacity utilisation
Output/100/capacity= capacity utilisation
Output/capacity=capacity utilisation
Output/capacity x 100
15
What is Laissez Faire
You are the only leader, you control everything.
attitude of trust and reliance on their employees
16
Low capacity utilisation tends to
Decrease average fixed costs
Increase average fixed costs
Increase average variable costs
Decrease average variable costs
17
Which sentence reflects Autocratic Leaders
We do what we must.
Do what you want.
Do what I say.
What shall we do?
18
The Equality Act has protected characteristics in relation to discrimination, they are:
All 9 of these
Sex, Race, religion or belief
Marriage and civil partnership, pregnancy and maternity.
Age, disability, gender reassignment
19
What is revenue?
is the income earned by a business over a period of time
Variable costs
Is the Total costs accumulated over a period of time
Loans
20
Trade without barriers is
import quota
globalization
embargo
free trade

Year 13 Oct Flashcards | StudBud