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Leaving Cert Business Short Questions
Leaving Cert Business Short Questions
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Leaving Cert Business Short Questions
Flashcards
60 cards
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Questions
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Answers
1
Which of these is a benefit of franchising to a startup?
tried and tested business model
control over decision making
fast method of expansion
royalty fees
2
What do the initials C.A.P. stand for?
Cool As Penguins
Common Agency Protocol
Common Agricultural Policy
Central Asset Procurement
3
Which of these is a method a business might
not
use to minimise bad debts
Extension of credit period
Penalty
Credit check
Discounts for prompt payment
4
Which of the imports can be substituted
Wine
Potatoes
Mineral water
Coffee
5
A 'directive' is a law applicable to all EU member states with immediate effect
True
False
6
Which of the following company stances does NOT encourage intrapreneurship?
Offering company resources for use
Promoting independent thinking
Financial rewards
Strict time limits on projects
7
Which of the following refers to a'feasibility study '?
D
A
F
C
8
Which of these is used in field research?
The www
Trade journals
Questionnaires
The CSO
9
What does C represent in this Break Even Chart
BEP
FC
TR
TC
10
In a Hire Purchase agreement legal ownership of the product passes to the buyer when the first instalment is made
True
False
11
Name the state agency aims to attract foreign direct investment into Ireland.
Enterprise Ireland
IDA Ireland
Local Enterprise Office
CCPC
12
Name the state agency helps existing indigenous firms to expand.
Fáilte Ireland
Local Enterprise Office
IDA Ireland
Enterprise Ireland
13
What do the initials ISME stand for
Is soup mega expensive
Internally sourced medium expansion
Irish small and medium enterprises
International monetary spending electronically
14
Which of these is a common feature of job production?
High rate of production
High turnover rate
Low prices
Highly skilled workforce
15
What do the initials L.R.C. stand for?
Labour Relations Commission
Lower Rate Charges
Long Range Credit
Lateral Realtime Changes
16
Cost Plus Pricing is also known as
Loss leading
Markup
Profit maximising pricing
Composite pricing
17
An insurance company who tries to reclaim any losses against a third party is using the principle of
subrogation
utmost good faith
contribution
insurable intrest
18
The shares of a PLC can be quoted on the stock exchange?
False
True
19
The existence of tax credits reduces the amount of USC to be paid?
True
False
20
Which of these companies is not known for having a USP?
M&Ms
Ben & Jerry's
Dominos
4 Star
21
The person who calculates the amount of compensation to be paid to an insurance claimant is known as an
assesor
actuary
22
Which of these refers to a co-operative?
A
F
E
B
23
Which of the following describes average clause?
A
F
D
E
24
What do the initials SME stand for?
Sales Made Electronically
Solid Model Example
Service Method Expertise
Small and Medium Enterprises
25
What do the initials IDA stand for?
Internal disagreement action
Industrial development authority
Increased demand approach
Irish drivers association
26
The rate of Corporation Tax in Ireland is
13%
9.5%
12.5%
8%
27
The balance of Trade depicted here is in surplus or deficit?
Surplus
Deficit
28
Which of these is
not
a possible impact of an increase in the national minimum wage?
prices may increase
increases risk of industrial dispute
business profits may decrease
FDI may not be attracted to Ireland
29
Which of these is a fixed cost?
Raw materials
Wages
Electricity
Rates
30
In terms of contracts, which of these describe consideration?
A
B
C
D
31
An aquisition (takeover ) is a form of organic or inorganic growth?
inorganic
organic
32
A partnership is a seperate legal entity?
False
True
33
The ____ provides a solution to consumer conflicts and can award compensation up to €2000
Small Claims Court
Consumer Protection Agency
Sale of Goods and Supply of Services Act 1980
Office of the Ombudsman
34
What is B equal to in this can flow forecast?
19,000
(3000)
4,000
27,000
35
Which of the following is
not
an official method of trade dispute?
Overtime ban
Work to rule
Lightning strike
Official strike
36
The Council of the European Union is the main decision making body of the EU
False
True
37
Interest rates for Eurozone members are set by the...
European Central Bank
Single European Market
38
A decrease in PAYE leads to less disposable income for an employee
False
True
39
Richard Branson is an example of which of the following types of leader
Laissez - Faire
Democratic
Autocratic
40
Which of the following describes the role of the European Parliament in the EU decision making process?
C
A
B
41
The EU Commission is directly elected by EU citizens
True
False
42
What do the initials N.C.A. stand for?
National Comnsumer Agency
National Carers Association
Non Commital Agreement
No Cards Accepted
43
High interest rates stimulate business expansion
False
True
44
What do the initials FDI stand for
Foreign Direct Investment
Full Disclosure Imminent
Financial Data Interchange
Fast Direct Internet
45
Which of these is NOT the right of a Data Subject
Right to obtain a copy of data held within 5 working days
Right to compensation if inaccurate data causes suffering
Right to complain to the Data Commissioner
Right to obtain a copy of data held within 40 days
46
Capital Aquisitions Tax is a tax on....
Company profits
The purchase of a fixed asset
The sale of an asset
Inheritance
47
Which of these is NOT a common reason that multinational companies locate in Ireland
being an island
EU Membership
High levels of education
Corporation tax
48
In a merger.....
businesses trade under their own names
a new legal entity is created
49
Which of the following refers to a strategic alliance
F
C
B
E
50
Which of these describes an overdraft?
A
B
D
C
51
Which month had the largest Balance of Trade?
July
June
August
May
52
Tourism is an example of an invisible import
False
True
53
Which of the following refers to economies of scale
E
C
A
F
54
Which two problems might arise as a result of a business having too wide a span of control?
management burnout
increased amount of errors
improved communication
increased quality control
55
What do the initials CGT stand for?
Central Government Tax
Capital Gains Tax
Capital Gross Theory
Current Grand Tax
56
Which of the following refers to a strategic aquisition
F
A
C
B
57
Which of the following refers to 'norming'?
F
A
C
D
58
Which of these works in the tertiary category of industry
miner
factory worker
farmer
banker
59
Penetration pricing is often used during the launch of a new product
False
True
60
A Theory Y manager believes that employees are motivated mainly by money
True
False
