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Business Studies 2015 Flashcards | StudBud
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Business Studies 2015
Business Studies 2015
25 terms
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StudBud Administration
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226 plays
Joinca is in business... enjoy
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Which of the following is an example of legal compliance for a sports store?
Paying taxes on time
Offsetting carbon emissions
Paying rent to shareholders
Induction of new employees
2
Which of the following is the correct sequence for an operations process?
Materials – design – product
Information – services – improvement
Facilities – controls – waste
Human resources – planning – customers
3
What is the main reason for a business using penetration pricing?
To be friends with Mclean
To develop a reputation for quality
To gain short-term market share
To maximise profit per unit
4
Why would a business choose debentures as a source of funding?
To reduce financial risk
To avoid debts
To obtain cheap, short-term finance
To retain ownership and control
5
Which of the following is an entitlement of Australian employees?
Minimum employment standards
New employment contracts every two years
Wage increases every year
Cost of living wage increases
6
Which of the following would immediately improve the working capital of a business?
Increasing credit sales
Preparing a cash flow statement
Using sale and lease back
Pablo's work ethic
7
A Gantt chart for Jonica's Chocolate Shop is shown. What does this Gantt chart show?
The shop will be open for business at the end of April
Ian will visit JonicaInBusiness
Selection and training of staff will begin in May
Some stock will b bought b4 the shop is completely refitted
8
What is the most likely reason that a business would use price skimming?
To skim prices
To gain high profits when demand is strong
To encourage export sales
To achieve market share quickly
9
What is the most likely impact of a recession on human resources?
Zombie Apocalypse
) Decrease in involuntary separation
Increase in overtime
Decrease in employee bargaining power
10
Which of the following includes both an opportunity and a threat from a SWOT analysis?
Low interest rates and high gearing
Strong economic growth and increased tax rates
Pablo's Work Ethic
Excellent management and strong competition
11
What does a critical path identify?
shortest time required to complete all tasks in a project
When's Trivia Night?
The lowest cost path to complete all tasks in a project
The longest time required to complete all tasks in a project
12
What inventory management strategy at the car assembly plant may have caused this situation?
Just-in-time
LIFO
Justin Timberlake
FIFO
13
What is the most likely result of a business achieving economies of scale?
Greater efficiencies in production
Higher average costs of production
Greater flexibility
Higher sales price per unit
14
Work patterns in Aus. have changed (past 20 years) An eg of such a change is the decrease in:
casualisation.
full-time male participation
Victoria's Wedding
part-time positions
15
BONUS QUESTION:
What is an essential aspect of Human Resources?
Jonica
Jasmine
Jasmine
Jasmine
16
BONUS QUESTION:
What was your favourite part of Business Studies 2015?
JonicaInBusiness
Sir writing on the board
When Sir calls Christine, Riza
CakeCakeCakeCakeCakeCakeCakeCakeCake
17
What best describes the process by which businesses develop international influence?
Operations
Globalisation
Ashej
y r they forcing us to go to the bio/science excursion
18
What is the legal basis for this?
Workplace health and safety legislation
National Employment Standards
HEXSTORE
Industry awards
19
What does the expense ratio measure?
Solvency
Profitability
Efficiency
Growth
20
What is a reason for a business to use a democratic leadership style?
It has a project with a tight deadline
There is a potentially dangerous work situation
It has experienced, highly skilled employees
There is a need for more standardised products
21
BONUS QUESTION:
Sir do you watch smallville?
Yes, Chlark is my otp
Net profit - Gross Profit
Jasmine
No, I have a parasite in me
22
Which of the following would be found on an income statement?
Net assets
BOSTES Number
Accounts payable
Gross profit
23
What would be the best strategy for a business to increase its gross profit?
Minimise expenses
To buy a statue of Ian
Use sale and leaseback
Use cost centres
24
Company JONICA allocates most of its marketing budget to advertising.What approach is adopted?
Production approach
Customer approach
Selling approach
Perederienko approach
25
What type of factor influenced Jonica's choice of store where she has received great service?
Psychological
Economic
Government
Sociocultural
