Q5: Outsourcing is when a business...

uses a separate business to complete part of its work

Q6: Explain what is meant by the term vision?

The overall aspiration of the business

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AQA Business 3.7

12 termsStudBud Administration423 plays

A quiz to test on the key terms of unit 3.7 in AQA Alevel business

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Questions 12

Answers

1
Q12: Students only need to refer briefly to a relevant theory in their responses.
True
False
2
Q8: Which of these is not true about payable days?
A high figure may suggest liquidity problems
A Lower figure is better
Payables should be higher than receivable days
A higher figure is better
3
Q5: Outsourcing is when a business...
uses a separate business to complete part of its work
brings the work from supplier to internally within the firm
allocates work to another functional area of the business
sets up a business in another country
4
Q3:the term used to describe the reduction of the value of an asset over a period of time
depreciation
debenture
working capital
non current asset
5
Q12: You don't have to bring in real-life business examples to gain marks for application
False
True
6
Q2: A financial statement used to report the assets and liabilities of a business
statement of accounts
profit and loss account
balance sheet
cash flow forecast
7
Q7:Which of these is not a category of stakeholders
Attached
External
Internal
Connected
8
Q11: The AQA Examiners' report suggesting starting answers with a definition
False
True
9
Q9: What does ratio analysis not address?
All of the above
Product Quality
Employee morale
Customer service
10
Q6: Explain what is meant by the term vision?
The overall aspiration of the business
General statement of what a business intends to achieve
The overall purpose of the business
A specific statement of what the business intends to achieve
11
Q4: This is an non financial measure of HR performance
average wage
unit labour cost
labour productivity
labour turnover
12
The pressure to deliver quick results to the potential detriment of the longer term development
competitive advantage
short termism
cost cutting
strategic direction

AQA Business 3.7 Flashcards | StudBud