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GCSE business studies Flashcards | StudBud
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GCSE business studies
GCSE business studies
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Questions
133
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1
How is a worker on commission paid?
According to how much time is worked
According to how many items are sold
According to the level of output
2
better working conditions is when ...
Organisation representing workers
Only do what is in contract
Takes all occupations
3
When does the break-even point change
costs up
none of these
cost change
costs down
4
which is NOT Internal Economies
Financial
Location
Technical
Purchasing
5
desk reaserch is ...
New data collected by company
Data which ready exits
6
How is a business most likely to encourage applications for a post
Internal recruitment
Staff appraisal
Job adverts
7
what is induction
Start after training
Start straight away
Formally start job
8
advantages of desk ...
Best result
Old infomation
Already there
9
Workers feel able to be apart of the company
democratic
autocratic
10
When is a profit made on the sale of a product?
When price more than covers the firm's revenue
When price matches rivals' price
When price covers the firm's costs
11
Which of the following is NOT usually part of the selection process?
short list
interview
induction
12
collective bargaining is
Decide weather to go on strike
Talking and composing between employer and worker
Speaks on behalf of members
13
Where are the details of employee tasks for a post usually found?
cv
personal specification
job description
14
What does it mean if a worker is paid piece rates ?
Their pay is based on how much output is made
Their pay is based on how many items are sold
their pay is based on how much time they've worked
15
which of these are not communication medium
Memo
Feedback
Email
16
disadvantage of desk ...
Best result
Already there
Old infomation
17
What method of stock control is being used when a business buys stock only when it is needed?
Just in time stock control
Just in case stock control
Lean production
18
When does the break-even point increase
none of these
costs up
costs down
cost change
19
aim is...
How to achieve short term plan
Were a business wants to go in the future
Vision and value of business
20
partnership is
owned by workers
2-20 people
1 person
21
Which of the following describes the mood of staff?
Staff motivation
Staff appraisal
Staff training
22
ballot is
Organisation representing workers
Decide weather to go on strike
Refuse to work
23
What does Total Quality Management (TQM) require?
High levels of productivity
A change of managers
A change of business culture
24
What kind of graph is used to show just in case stock control?
Bar gate stock graph
Bar stock pie chart
Bar gate line graph
25
co-op is
2-20 people
1 person
owned by workers
26
3rd stage of hierarchy is ..
LOVE AND BELONGING e.g making friends
SELF-ACTUALISATION e.g creativity
PHYSICALOGICAL NEEDS e.g pay
27
vertical communication is ...
Staff at the same level in the hierarchy communicating
Staff at different levels in the hierarchy communicating
Staff in different businesses communicating
28
Which of the following could a business use to ensure a profit is made when an item is sold?
Price skimming
Penetration pricing
Cost plus pricing
29
1st stage of hierarchy is ..
PHYSICALOGICAL NEEDS e.g pay
SELF-ACTUALISATION e.g creativity
LOVE AND BELONGING e.g making friends
30
4th stage of product life cycle
introduction
growth
development
maturity
31
best method to improve quality is...
Staff and management training
Lowering costs
Expansion
32
example of desk...
Surveys
Articles
newspapers
Observation
33
What does a cut in price usually increase?
Demand
Profit
Revenue
34
What can affect staff motivation
Both
Work environment
none
Managers
35
Who needs to be satisfied with the quality of products?
customers
suppliers
rivals
36
What would an e-commerce business use the internet for?
For trading and accepting payment
For all of the above
For promotion and communication
37
When is penetration pricing used?
to gain market share
To cover costs and breakeven
To make as large a profit as possible
38
3rd stage of Recurtment and selection
need analyse
advert
contracts
aplications
39
2nd stage of hierarchy is ....
SAFTY NEEDS e.g job security
SELF-ESTEEM e.g training
40
How many levels are there in Maslow's hierarchy of needs?
5
6
3
4
41
What is the selling price of an item which costs £5 to make and has a 50% mark up?
none
7.50
5
10
42
privet limited is
leases the brand name
owned by shareholders who could be anyone
owned by shareholders they chose
43
trade union is ...
Only do what is in contract
Takes all occupations
Organisation representing workers
44
mission statment is...
Vision and value of business
How to achieve short term plan
Were a business wants to go in the future
45
what is a recorder level
The minimum stock level
minimum stock level
more goods need to be ordered in just in case stock control
46
Where are the details of skills and qualities required for a post usually found?
personal specification
job description
cv
47
he is studying a degree in management studies at university. What type of training is this?
Off the job training
On the job training
Induction training
48
What is Economies of scale?
Average costs fall when increasing
Average costs fall when downsizing
Average sales increase
49
A business checks products during when they are made. What is this an example of?
Quality assurance
Quality control
50
negotiate is
Takes all occupations
Only do what is in contract
Talking and composing between employer and worker
Decide weather to go on strike
51
4th stage of Recurtment and selection
contracts
need analyse
aplications
advert
52
advantage of holding stock
Warehouse storage costs
Ties up working capital
Purchasing economies
53
2nd stage of product life cycle
development
growth
introduction
maturity
54
Where does informal communication between staff take place most often?
Through written reports
On the grapevine
Through the chain of command
55
1st stage of product life cycle
growth
maturity
development
introduction
56
A business checks products after they are made. What is this an example of?
Quality control
Quality assurance
57
Which pricing strategy would a business use to encourage a trial purchase?
Penetration pricing
Cost plus pricing
Price skimming
58
Where would you usually find a summary of the work history of a prospective employee?
personal specification
job description
cv
59
What happens when a business produces faulty goods?
It increases costs
It is an example of Total Quality Management
It increases costs and damages the reputation of the firm
60
When is price skimming used?
To cover costs and breakeven
To make as large a profit as possible
To gain market share
61
What type of communication is a speech by a line manager to subordinates?
External communication
Two way communication
One way communication
62
which one is apart of personal description
Skills
Pay
Qualifications
Start date
63
a example of a service is
car
hairdresser
64
franchis is
owned by shareholders they chose
leases the brand name
owned by shareholders who could be anyone
65
2nd stage of Recurtment and selection
aplications
advert
contracts
need analyse
66
a example of a good is
car
hairdresser
67
There will be a high level of staff turnover
democratic
autocratic
68
Which of these best describes communication
A person sending a message
A person receiving a message
Passing a message between two people
69
Decisions will take a long time to reach
democratic
autocratic
70
quality is described as...
Products being made to a high standard to meet customer need
service provided to a customer through purchasing a product
A high level of productivity
71
When does the break-even point fall
none of these
cost change
costs down
costs up
72
Everyone knows who the boss is
democratic
autocratic
73
No delegation and training
autocratic
democratic
74
field reaserch is ...
New data collected by company
Data which ready exits
75
objective is...
How to achieve short term plan
Were a business wants to go in the future
Vision and value of business
76
3rd stage of product life cycle
development
maturity
introduction
growth
77
Why do organisations draw up a workforce plan?
To identify future staffing requirements
To identify current staffing requirements
To identify organisation charts
78
Which of the following is a way to introduce fresh ideas into a business?
Staff promotion
Internal recruitment
External recruitment
79
4th stage of hierarchy is ....
SELF-ESTEEM e.g training
SAFTY NEEDS e.g job security
80
What is on the job training
Shown and taught by company
Employee attends a qualification by a course
Shown by external company
81
which is NOT apart of a job discription
Pay
Hours
Title
Skills
82
subscription is
Money you pay to union
Speaks on behalf of members
Organisation representing workers
83
which is a type of stock
Finished goods
Suppliers
Assets
84
a good is ...
non-physical item
physical item
85
public limited is
owned by shareholders they chose
leases the brand name
owned by shareholders who could be anyone
86
Which of the following best describes 'price'?
The revenue earned from selling items
The cost of selling items
The amount customers are charged for items
87
example of field ...
Articles
Observation
newspapers
Surveys
88
General union is
Only do what is in contract
Takes all occupations
Refuse to work
89
What is autocratic
always boss
listerns
90
What type of communication is a company report?
External communication
Horizontal communication
Two way communication
91
What do most customers buying budget products expect? ... quality
standard
poor
high
92
Which of the following is usually true about poor quality products?
They fail to meet customer expectations
They are in demand
They are expensive
93
what is a business doing at break even point ...
loss
both
neither
making profit
94
What is recruitment?
The process by which a business trains staff•
The process by which a business inducts staff
The process by which a business hires staff
95
1st stage of Recurtment and selection
aplications
need analyse
contracts
advert
96
what method of stock control is being used when a business buys stock when it is running low?
Quality control
Just in time stock control
Just in case stock control
97
5th stage of product life cycle
introduction
maturity
decline
growth
98
What is a business doing when it sells output beyond the break-even point?
loss
neither
making profit
both
99
when does feedback occur
In two way communication
In one way communication
In all communications
100
5th stage of hierarchy is ..
SELF-ACTUALISATION e.g creativity
PHYSICALOGICAL NEEDS e.g pay
LOVE AND BELONGING e.g making friends
101
maximum stock level is ...
The largest number of items to be stored on site
The reorder level
The smallest number of items to be stored on site
102
What is democratic
listerns
always boss
103
variable costs £10, selling price is £25, fixed costs are £60,000, break-even output
4000
5000
6000
104
customer service is..
A method of production
When a business meets customer needs
service provided to customers through purchasing a product
105
What is a merge
when a firm buys control of another
two or more firms join together to become one.
increasing production from inside business
106
same level in the hierarchy exchange emails, what type of communication are they using?
Horizontal communication
Informal communication
Vertical communication
107
If a worker is paid by the hour what does their take-home pay depend on?
How much time they have worked
How many items they have sold
How much output they have made
108
Diseconomies of scale occurs ...
when Average brought start to rise with increased output.
when Average Costs start to rise with increased output.
when Average Costs start to rise with decreases output.
109
What is a poorly worded memo an example of?
Insufficient communication
Bad communication
Excessive communication
110
industrial union is
Money you pay to union
Takes all occupations
Specific occupation union
111
On a break-even chart, what line does the total revenue line meet at the break-even point?
total cost
fixed cost
variable cost
112
If average variable cost is £10, and average selling price is £25, then what is contribution?
-15
15
35
113
why is there a buffer stock
To ensure quality of stock
To ensure stock never runs out
To ensure the stock meets customer needs
114
Workers need direction all the time
democratic
autocratic
115
a service is ...
physical item
non-physical item
116
Loses out on good ideas
autocratic
democratic
117
lead time is
the length of time it takes for stock to run down to zero
the length of time it takes for new stock to arrive
The length of time it takes to move stock to a new location
118
sole trader is
owned by workers
2-20 people
1 person
119
motivation is ...
People acting in a horrible way to prove a point
People acting in a particular mood
a reason or reasons for behaving in a particular way
120
What does break-even analysis
NOT
assume?
External environment is unstable
Forecasts are reliable
All units are sold
121
firm selling a new hi-tech, high quality mobile phone model most likely to be ....
Penetration pricing
Cost plus pricing
Price skimming
122
work to rule is ...
Decide weather to go on strike
Takes all occupations
Only do what is in contract
123
What are the sessions given to new workers when they first start work called ?
Staff appraisal
Induction
Training
124
disadvantages of field
Best result
Already there
Cost alot
125
strike is
Organisation representing workers
Refuse to work
Takes all occupations
126
advantages of field
Best result
Cost alot
Already there
127
What is a business doing when it sells output beunder the break-even point?
both
neither
making profit
loss
128
What is contribution?
The price of an item minus the variable cost per item
the price of an item minus the fixed cost per item
The price of an item minus the total cost
129
Workers are more likely to be motivated
autocratic
democratic
130
What is a take over
when a firm buys control of another
increasing production from inside business
two or more firms join together to become one.
131
When is loss leader pricing used?
To make as large a profit as possible
To cover costs and breakeven
To gain market share
132
How do you work out the average costs
Total Cost divide Number sold
Number Produced divide Total Cost
Total Cost divide Number Produced
133
What is a international expantion
two or more firms join together to become one.
when a firm buys control of another
increasing production from inside business
