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Business Studies HSC
Business Studies HSC
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Questions
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Answers
1
The chacteristics of lifestyle, motivation and personality are mostly used in which market segmentation strategy?
Geographic
Psychographic
Behavioural
Demographic
2
Which of the following lists examples of transformed resources?
Human resources, materials, energy
Materials, information, customers
Technology, information, customers
Human resources, customers, facilities
3
Which of the following best describes task design?
Employees having similar levels of responsibility
Classifying job activities to make it easier for an employee to do a task
Tasks an employee is expected to carry out
Measuring the planned performance of a job to actual performance
4
A third party member from the Fair Work Commission helps settle a dispute between two parties. This is an example of?
Arbitration
Negotiation
Mediation
Conciliation
5
Which of the following legislation requires NSW employers to take out workers compensation insaurance?
Safe Work Australia Act (2007)
Work Health and Safety Act (2011)
Fair Work Act (2009)
Safe Work NSW Act (2008)
6
Marcus owns a petrol station with a gearing ratio of 2:1. What happens if the bank increases the interest on his loan?
Solvency will deteriorate and expenses will fall
Solvency will deteriorate and expenses will rise
Solvency will improve and expenses will rise
Solvency will improve and expenses will fall
7
A business has a current ratio of 1:3. Which strategy can improve this business's current ratio?
Negotiate the due date of their lease repayment
Sell non-essential assets
Discount for early payments to gain cash quicker
Increase their overdraft
8
Which marketing strategy focuses on enticing new customers through discounts or promotional events?
Sales promotion
relationship markeitng
Publicity
Product differentiation
9
Which of the following takes corrective action if there is a discrepency in the operations process?
Improvement
Monitoring
Control
Implementation
10
From the following information on Andriy's Appliances, what was the gross profit from 2021 to 2022?
$4500 gross profit
$4000 gross profit
$5500 gross profit
$1500 gross profit
11
Which of the following is a disadvantage of first-in-first-out as an inventory valuation technique?
Customers may receive older products
Oversates costs and understates gross profit
Most recent products get sold to customers
Stock can become obsolete
12
A business uses price penetration strategies and standardisation for their products. What is the most likely influence?
Quality expectations
Corporate social responsibility
Technology
Cost-based competition
13
A business renegotiates a loan to be repaid over a year. What is the most likely reason for this decision?
To improve solvency
To improve liquidity
To improve profitability
To improve efficiency
14
Ms Burgess is a baker who purchases flour and eggs to make cakes. Which type of market is she engaging in?
Resource market
Intermediate market
Industrial market
Consumer market
15
Which of the following groups would experience a positive financial impact due to an increase in the Australian dollar?
An Australia producer buying goods from China
An Australian business selling products in the U.S
An Indonesian company setting up a factory in Australia
A business from Japan purchasing inputs from Australia
16
The following image is an example of which type of logo?
Wordmark logo
Combination mark logo
Brandmark logo
Lettermark logo
17
The value of legal fees paid is included in the asset value of a new warehouse purchase. What limitation does this show?
Normalised earnings
Timing issues
Debt repayments
Capitalised expenses
18
From the following critical path analysis, determine the critical path
26 days
29 days
30 days
25 days
19
Which stakeholders are enterprise agreements negotiated?
A union and an employer association
An individual and their employer
A union and an employee
All employees in an organisation and their employer
20
A successful business sees a fall in demand for its product after a year. Which operations strategy can increase demand?
New product design
Outsourcing
Quality management
Technology
21
A manager asks applicants to hand in their resume. Which stage of the acquisition process is the manager at?
Placement
Selection
Induction
Recruitment
22
Sid finds he needs to employ a chef for his business. What's the first step of the acquistion process for this position?
Advertisements
Recruitment
Job design
Induction
23
A early delivery of supplies reduces the time of task E to 2 days. What is the new critical path?
25 days
20 days
27 days
23 days
24
Which of the following best shows why businesses conduct market research?
To limit the range of products a business offers to simplify production.
To understand competitors' products and duplicate them.
To determine the most profitable price for selling the business itself.
To identify the needs and wants of customers and potential opportunities
25
Justin buys a pair of shows based on an advertisement with his favourite celebrity. Which factor influenced his choice?
Social class
Income
Psychological
Peer group
