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A Level Business Year 2 Flashcards | StudBud
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A Level Business Year 2
A Level Business Year 2
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AQA A Level Business Studies Year 2 quiz. #revisionbusiness #alevelbusiness #alevelbusinessyear2
Flashcards
32 cards
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Questions
32
Answers
1
Horizontal integration occurs when a firm combines...
with another firm in the same industry at the same stage
With an unrelated firm
with another firm in the same industry at a different stage
with another in a different industry
2
Ansoff's Matrix is used to decide....
A retrenchment strategy
A growth strategy
market positioning
Market share
3
Which one of the following is not a business objective?
Sales maximisation
Competitive prices
Survival
Profit maximisation
4
How do you calculate inventory turnover (ratio)
Cost of sales / cost of average stock held
Cost of average stock held / cost of sales
Cost of sales / cost of average stock held X 100
Cost of average stock held / cost of sales X 100
5
Who came up with the Triple Bottom Line theory?
Elkington
Taylor
kaplan and Norton
Porter
6
Carroll's Pyramid of CSR shows what?
What society expect from a business
What owners expect from a business
What the government expect from a business
What competitors expect from a business
7
An advantage of producing abroad is
Increased costs
Eliminate competition
Paying foreign workers much lower wages
Free shipping
8
Kaplan and Norton's balanced scorecard can help....
Assess the impact a business has on the environment
A business measures sustainability
Assess business performance
Calculate how much shareholders will be paid
9
How do you calculate Payables Days ratio?
Cost of sales / Payables X 365
Payables - Receivables / cost of sales
payables / cost of sales X 100
Payables / cost of sales X 365
10
Bowman's Strategic Clock shows
Pricing and differentiation strategies
pricing and profit strategies
cost and differentiation strategies
cost saving strategies
11
How is ARR calculated?
Annual net return / amount invested X 100
Average net return / investment X 100
Average net return / investment
Amount invested / Annual net return
12
Budget income is £108,000 & exp £77,800. Its actual income is £108,900 & actual exp £79,100.
profit variance £400 adverse
profit variance is £30,200 favourable
profit variance is £400 favourable
profit variance is £29,800 adverse
13
Working Capital is
Assets - liabilities
Current assets - non current assets
Current assets - current liabilities
Current liabilities - current liabilities
14
Gearing shows...
How quickly assets can be converted into cash
How much payables it owes
Where a business gets its profit from
How vulnerable a business is to a change in interest rates
15
Quantity of labour depends on...
People actively seeking employment
Changes in urbanisation
Population size and age
Population percentage changes
16
The phases of Greiner's model of growth are
Creativity-Delegation-Direction- Coordination-Collaborating
Creativity-Direction- Delegation-Collaborating-Coordination
Creativity-Direction- Delegation- Coordination-Collaborating
Creativity-Design-Direction- Coordination-Collaborating
17
A multinational might locate to a country in order to reduce costs by employing child labour
TRUE
FALSE
18
If gross profit is low, what should businesses look to do?
Reduce the cost of premises
Reduce staffing costs
Reduce the cost of making the product
Reduce the cost of marketing
19
The YeD for perfume is +2.5. What will happen if incomes rise by 5%?
Quantity demanded will fall and sales revenue will fall
Quantity demanded will rise and sales revenue will rise
Quantity demanded will rise and sales revenue will fall
Quantity demanded will fall and sales revenue will rise
20
Globalisation is....
The decrease of how interconnected the world is
The increase in how interconnected the world is
Finding new distribution channels
The dominance of global brands
21
Porter would classify a strategy based upon selling high added value products or services as
Differentiation
Market development
Cost leadership
Diversification
22
Which of these values would always be a negative on a balance sheet?
Overdraft
Share Capital
Inventories
Receivables
23
Rivalry in a market is intense when...
There are lots of large competitors
There are lots of equally-sized competitors
There are lots of small competitors
When job production is present
24
Network analysis identifies
The amount of resources required for a project
The estimated amount of time it will take to complete tasks
The quickest way to finish a set of tasks
The quickest way to start a project
25
What is the correct order of the Tannenbaum-Schmidt Continuum?
Sell – Consult – Sell – Delegate
Consult – Tell – Delegate - Sell
Delegate – Consult – Sell – Tell
Tell – Sell – Consult – Delegate
26
What are the 4 international strategies outlined by Barlett and Ghoshal?
Global / Transnational / International / Domestic
Global / Transnational / International / Multidomestic
Global / National / International / Multidomestic
Globalisation / Transnational / International /Multidomestic
27
The experience curve shows
Efficiency increases as total units produced increases
Economies of scale
Amount of wastage
How technology is impacting the business
28
An exchange rate is....
The fluctuation of the pound
The trend in value of a currency
The difference between one currency and another
The value of one currency in terms of another currency
29
Which ratio is a liquidity ratio?
Inventory turnover
ROCE
Operating profit margin
Current ratio
30
Tariffs...
Discourage international trade
Encourage international trade
31
In a boom, GDP is...
Stable
High
Low
Uncertain
32
CSR is...
Corporate social reporting
Corporate social responsibility
Corporate sustainability report
Corporate sustainability records
