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