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End of Year A level Business AQA 7132 Flashcards | StudBud
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End of Year A level Business AQA 7132
End of Year A level Business AQA 7132
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#business #aqa #7132
Flashcards
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Questions
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Answers
1
Kaplan and Norton creates which framework?
Core Competences
Balanced Scorecard
Theory X and Theory Y
Hard and Soft HRM
2
Gross profit =
gross profit minus expenses
total revenue minus total contribution
net profit Plus finance income
revenue minus cost of sales
3
What were Porter's five forces?
Model to help business decide the best strategy
Model to help businesses get & sustain competitive advantage
Model of portfolio analysis
Model of corporate strategic development
4
A market segment is...
A business owner
A group of customers with similar buying habits
An area of the market the business sells in
The people who buy your product
5
Inventory turnover =
Cost of goods sold/average inventories held
receivables/sales revenue x 365
labour costs/units of output
current assets : current liabilities
6
'SPICED' stands for what?
Ronnie does... he knows everything
strong pound imports cheap exports dear
super profit income costs extra data
strong pound inflates cost exporting donuts
7
Automation is a production process ....
that involves machinery usually controlled by a computer
that always needs a large workforce
that involves automatic systems
that is used in car manufacturing
8
On the Tannenbaum Schmidt Continuum what is number 3?
manager makes decision and announces it
Manager presents tentative decision subject to change
manager presents ideas and invites questions
Manager permits subordinates to function within limits
9
Flow Production is a production process where...
items stop and start due to waste
items are made individually by one employee.
items are made in batches.
an item moves continuously along the production line.
10
Profit for year margin =
current assets : current liabilities
profit for year/sales revenue x 100
Labour costs/units of output
NCL/TE + NCL x 100
11
Market capitalisation =
VC per unit x number of units sold
Current assets : current liabilities
number of shares issued x current share price
price x quantity
12
Differentiation vrs diversification?
Standing alone vrs Standing out
Standing up vrs Standing down
Standing tall vrs Standing small
Standing out vrs Standing alone
13
Who is this?
John Elkington
Charles Handy
Mark Carney
Larry Greiner
14
Market size is....
Volume of all sales in the market
Value of one firm's sales
Volume/value of one firm's revenue
Volume or value of all sales in market
15
Ideal answer for the current ratio
8:1 - 10:1
2:1 - 3:1
1.5 - 2:0
1:5 - 2:5
16
Role analysis is also known as _______
JOB ANALYSIS
JOB EVALUATION
JON ENRICHMENT
JOB ENLARGEMENT
17
Who created theory X and Y?
Douglas McGregor & William Ouchi
Douglas William
William Ouchi
Douglas McGregor
18
What is lean manufacturing?
It aims to reduce waste in all areas (time, costs, etc)
Explores production processes from all angles and directions
Manufacturing that isn't flexible or responsive to demands
It's related to manufacturing products for skinny people
19
What does Operational Excellence mean to you ?
All of the above
Supply Chain Effectiveness
Supporting Functions, System & Processes
Manufacturing Excellence & Safety Performance
20
Elkington's Triple Bottom Line is
Planet, penetration, promotion
Planet, Place, penetration
Planet, People, Physical resources
Planet, People, Profit
21
Which of the following is not featured on the Ansoff Matrix?
Product Development
Market Penetration
Product Penetration
Market Development
22
YED =
% change in qu / % change in price
% change in price / % change in income
% change in y / % change in quantity demanded
% change in quantity demanded / % change in Y (income)
23
...are NOT examples of CSR.
providing fringe benefits for employees
providing fair wages
minimising waste and pollution
giving a fair price to suppliers
24
High geared is....
50%
below 25%
between 25% and 50%
> 50%
25
What is a best practise for Operational Excellence?
Scaling
Cost effectiveness
Follow Change Management process
Incremental changes
26
Who is this?
Geert Hofstede
Charles Handy
Igor Ansoff
Abraham Maslow
27
What is not part of Porter's Five Forces?
Power of Customers
Power of customers
Threat of Non-Completion
Market Penetration
28
The following are examples of a scientific decision making approach
Following your gut feeling
Being stuck in the middle
Having a hunch
Investment appraisal
29
STP
Segmentation, time frame, positioning
Segmentation, targeting , promotion
Socio economic, targeting , positioning
Segmentation, targeting , positioning
30
Calculate the ARR for the following investment:
15%
35%
25%
5%
31
This man conducted an experiment called "The Hawthorne Effect"
Maslow
Herzberg
Taylor
Mayo
32
Break even formula
Total costs = total profit
Total variable costs /units
Total fixed costs / variable cost minus selling price
Fixed costs / selling price minus variable costs
33
A
disadvantage
of flow production would be...
can lead to too many leaders
Initial costs are low
Initial costs are high and investing money is risky.
the company can become more efficient
34
What was Dr.Deming known for
continual improvement of quality
Creator of 6 sigma
Maker of Toyota
Creator of Excel
35
Profit =
variable costs - fixed costs
total contribution/fixed costs
net gain = expected value - initial cost
selling price x number of units
36
Hackman and Oldham's model of job design include the below, except?
Feedback
Autonomy
Task Significance
Hygiene factors
37
What is number 4 on Bowman's strategic clock?
Hybrid
Differentiation
Increased price/low value
Low price/low value
38
In lean manufacturing, all employees are involved in ____________________.
engineering
testing
quality control
marketing
39
7 Ps - which one is the odd one out?
Price
Product
People
Penetration
40
Which business objective would a market leader typically adopt?
Employee Welfare
Social objectives
Profit Maximisation
Survival
41
What is the meaning of focus group in customer service?
a demographically diverse group of people
They get together to discuss a product before its launch
they provide ongoing feedback the product/serivce
All of the above!
42
On the Blake Mouton Grid a Country Club managers shows
High concern for people and low concern for the task
Low concern for people and low concern for the task
High concern for people and high concern for the task
Plays Golf every day
43
The 2 axes on the Boston matrix are...
market share and sales
market share and price
market share and market growth
market growth and sales
44
On the Blake Mouton Grid a team leader shows
is Middle of the Road
high concern for task, high concern for people
High concern for people, low concern for task
low concern for task, low concern for people
45
Culture is......
the religion & way of life of a group of people
about where your family is from
about what your family believes
ideas, customs & behaviour of a group of people
46
Who is this?
Michael Porter
Larry Greiner
Jason Harle
Igor Ansoff
47
Calculate NPV
£192,093
£278,500
£100,000
£28,500
48
What innovation was pioneered by Toyota?
Process
Sustained
Disruptive
Kaizan
49
Stakeholder mapping - Keep satisfied is showing
high stakeholder power and low stakeholder interest
low stakeholder power and highstakeholder interest
high stakeholder power high stakeholder interest
low stakeholder power and low stakeholder interest
50
In what industry did Lean Manufacturing appear first?
The textile industry
The meat industry
The automotive industry
The corn industry
