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AS Business Year 1 Recap Flashcards | StudBud

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Which of the following is not a feature of flexible working?

If supply increases, what happens on the supply and demand diagram?

AS Business Year 1 Recap

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Last lesson before exams! #asbusiness #edexcel

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Questions 10

Answers

1
If supply increases, what happens on the supply and demand diagram?
Demand line moves left
Supply line moves left
Demand line moves right
Supply line moves right
2
Which of the following is not a feature of flexible working?
Multi-skilling
Part-time and temporary
Flexible hours and homeworking
Working at different places
3
The formula of Price Elasticity of Demand
%change in quantity demanded/price x 100
%change in quantity demanded/% change in price
demand/% change in price x 100
demand/price
4
What is a key feature of a tall organisation structures?
Long chain of command
Increased delegation
Wide span of control
Low management costs
5
How to answer a 4 mark question
2 logic chains
Assessing the key word in the question
Definition and logic chain
Show knowledge of the key word, a logic chain, in context!
6
Which of the following is NOT a main factor affecting demand?
Technology
Income
Price
External Shocks
7
Which one of these is not one of the key roles of being an entrepreneur?
Anticipating risk and uncertainty in the business
Running and expanding/developing a business
Creating and setting up a business
Opportunity cost
8
At which point in the product life cycle are the highest level of product trial?
Research and Development
Growth
Extension Strategy
Introduction
9
The highest level on Maslow's Hierarchy of Needs is...
Safety & Security
Self Esteem
Self Actualisation
Physiological Needs
10
Which of the following is a motivator according to Herzberg (Two Factor Theory)
Promotion
Pay
Working conditions
Relationships with colleagues