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All themes quiz
All themes quiz
50 terms
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StudBud Administration
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Business
Flashcards
50 cards
F
Practice quiz
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Host live
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Questions
50
Answers
1
People who owe the business money are known as
Employees
Customers
Creditors
Debtors
2
Which of the following is NOT part of the design mix?
Function
Aesthetics
Cost
Price
3
What is it called when a business moves one or more of its business processes abroad?
Crowdfunding
Market mapping
Off-shoring
Merging
4
What does the S in BRICS stand for?
South America
Saudi Arabia
Spain
South Africa
5
What does JIT stand for?
John is terrible
Just inside there
Just in Time
Just in timberlake
6
The T of PESTLE
Trade
Technological
Timely
Transglobal
7
Where a business buys and sells products in a different (new) country
Differentiation
Home market
Cost leadership
Global market
8
The price of one currency in terms of another
Exchange rate
Interest rate
9
Which one of these is most likely to be a long-term liability?
Bank loan
Bank overdraft
Creditors (e.g. supplier)
Shareholders dividends
10
Tariffs make sales higher on imported goods
True
False
11
A legal status which means that business owners are liable for all business debts.
Limited liability
Unlimited liability
12
The money available for the day-to-day running of a business is called
Current liability
Gearing
Capital employed
Working capital
13
The financial statement which shows how much a company has made or lost over a period of time is:
Cash flow forecast
Budget
Profit and loss account
Balance sheet
14
Passing decision making authority down the organisation structure to regional shops
Span of control
Decentralisation
Chain of command
Centralisation
15
Which ratio shows how much capital comes from debts compared to shareholders funds?
Acid test
Gearing ratio
ROCE
Current ratio
16
Which of these in an emerging economy?
Spain
Brasil
Germany
UK
17
Profit after tax which is "ploughed back" into the business is...
Working capital
Capital revenue
Venture capital
Retained profit
18
A collaborative partnership between 2 or more companies
Merger
Globalisation
Joint venture
Acquisition
19
What is FDI?
The removal of all barriers to entry
Relocating the business into a different country
Investment into the host's infrastructure
Movement of labour outside of a country
20
Which ratio shows if a business has enough
liquid
assets to pay its short-term debts
ROCE
Acid test
Gearing ratio
Current ratio
21
The point at which total revenue and total costs are the same...
Contribution
Profit maximisation
Margin of safety
Break even point
22
Which is the odd one out?
Star
Dog
Moon
Cash cow
23
Which ratio shows how much profit is earned after taking away all costs?
Gearing
Net profit margin
Gross profit margin
ROCE
24
Which one of these is NOT a current asset?
Stock
Debtors
Land
Cash
25
Cost plus pricing is when....
You sell the product for what it cost you to buy
You calculate a mark up on the unit cost
You include some extras in with the deal
You reduce the price to attract customers
26
Where a large number of individuals invest in a business or project on the internet is...
Crowdfunding
Overdraft
Debenture
Peer lending
27
The total amount of capital used by a business is called
Current asset
Current liability
Capital employed
Working capital
28
Using a logo, name or identity in order to differentiate a product or service from rivals
Advertising
Branding
Market share
Image rights
29
Where the workforce can adapt to changes in demand
Homeworking
Quality control
Job sharing
Flexible working
30
Investment of £100,000. £40,000 return per year. Payback?
Volkswagen
Ford
Nissan
Kia
31
Which is the riskiest of Ansoff's strategies
Product development
Diversification
Market development
Market penetration
32
A leadership style where decisions are taken by the leader and then explained to staff.
Laissez-faire
Paternalistic
Autocratic
Monolistic
33
What is it called when a trade bloc allows the free movement of trade and citizens?
Customs union
Open movement
Single market
Free travel
34
Types of cultures - which is the odd one out?
person
Power
Task
Function
35
Which one of these is NOT a fixed asset?
Cash
Machinery
Land
Buildings
36
A disadvantage to protectionism is ......
Protects Newly Established Businesses
High Import Prices
Increased corporation tax
Unemployment in the domestic market
37
A free trade area where there are no tariffs, quotas or other forms of protectionism.
A subsidy
A joint venture
Trade bloc
A free market
38
What does HDI consist of?
Amount of businesses located within the country
Amount of Exports, Infrastructure, Security
Life Expectancy, Literacy, Standards of Living
Literacy, numeracy, imports %
39
Delayering may improve employee motivation because...
Greater independence can make workers feel empowered
Workload usually increases
There are more opportunities for promotion
There is a period of transition
40
Which of these is one of Herzberg's Hygiene factors?
Job enrichment
Working conditions
Delegation
Job enlargement
41
Profit after deducting the cost of sales is known as
Gross profit
Operating profit
Net profit
Working capital
42
Another word for on-line business
E-trade
Internet shopping
E-Commerce
E-business
43
The financial statement which shows a company's assets, liabilities, and shareholders' equity:
Balance sheet
Profit and loss account
44
Final profit after accounting for all costs is
Capital employed
Operating profit
Net profit
Gross profit
45
This is the proportion of total market sales that a firm has
Sales share
Market share
Market size
Labour share
46
A business with bases in several different countries
Multinational
National
International
NMC
47
A .............. market is one with the potential to rapidly change often due to new technology
Fast-moving
Dynamic
Global
Merging
48
What is HDI?
Human disadvantaged interest
Human disaster indicator
Human development indicator
Human development interest
49
Australia is famous for .................
Kangaroos
Fosters lager
Tin and gold mining
The Outback
50
What is the tax called that businesses pay on their profits?
Corporation Tax
Income tax
Profit Tax
Value Added Tax
