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Business Studies HSC 2016-2019 Flashcards | StudBud
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Business Studies HSC 2016-2019
Business Studies HSC 2016-2019
55 terms
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Ah yes, business
Flashcards
55 cards
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Practice quiz
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Questions
55
Answers
1
The answer to Question 54 is True
Ok
Ok
Ok
Ok
2
Final Question: How many Board of Studies multiple choice exams have we completed in class?
9
10
7
8
3
If a company has an accounts receivable of $4 100 and a sales of $6 000; what is the average time to collect its debts?
25 Days
15 Days
29 Days
30 Days
4
If a business has a net profit ratio of 75%, which of the following are the businesses sales and net-profit?
$60 Sales & $30 Net-profit
$66 700 Sales & $50 000 Net-profit
$200 000 Sales & $100 000 Net-profit
$6 000 Sales & $2 000 Net-profit
5
Quick Q: In which type of market would a large scale manufacturer of pasta purchase flour for its products?
Consumer
Resource
Industrial
Mass
6
Liam runs a business that designs and sells custom-made, high fashion clothes. Which type of market is Liam's business?
Resource
Niche
Intermediate
Mass
7
We are all going to smash the HSC exam
False
True
8
Costs, skills & supply fall under what strategy in human resource management?
Global
Performance management
None of the above
Economic
9
A strength to overcome a weakness is always better than an opportunity to overcome a threat.
False
True
10
A business' sales are $8000 while their total expenses are $10000. The business' expense ratio is:
1:0.8
80%
125%
1:1.25
11
Is Mr Luk Cool 😎
Yes
Yes
Yes
Yes (Optional)
12
Ben is considering investing. He should use comparative ratio analysis because market share is determined.
False
True
13
Which option has been correct more times than others?
Red Triangle
Blue Diamond
Green Square
Yellow Circle
14
A company creates a policy that limits the use of work-related accounts within business hours. This was considered for
Economic reasons
Social reasons
Legal reasons
Technological reasons
15
Which of the following are three examples of transformed resources?
Human resources
Materials
Information
Customers
16
Implied conditions are the basis for a business refunding the cost of a product.
False
True
17
A business ensures all its debts are paid as they fall due. Which financial objective is the business satisfying?
Liquidity
None of the above
Efficiency
Growth
18
Which of the following is an example of a unit trust?
Investors lend money directly to business' and receive interest in return
None of the Above
Investors pool their money together and invest in the property market
An invenstor purchases shares in a public company
19
Branding & packaging is under products in marketing processes.
False
True
20
The six marketing processes are:
Establishing target markets, developing marketing strategies
Situational analysis, market research, promotion
Identifying target markets, situational analysis
Implementation, monitoring and controlling, market research
21
Mr Luk enjoys Final Fantasy.
False
True
22
Which approach is being used when SHONABA Inc. creates a focus group to evaluate a product?
Marketing
Production
Selling
Standardisation
23
Sam is a permanent employee at Galati Ltd who was injured at the workplace. Who is responsible for paying the expenses?
Sam
Medicare
WorkCover NSW
None of the above
24
A honey making business includes an image of a yellow bee on its assets. The reason for this is most likely for..
Product branding
Sales promotion
Competitive positioning
Niche marketing
25
Quick Q: Selling two identical products to two different age groups is an example of what?
Price leading
Price skimming
None of the above
Price penetration
26
People, processes and physical evidence are under what category of marketing?
Strategies
Roles
Processes
None of the above
27
Environmental sustainability and social responsibility falls under what influence?
Finance - Financial controls
Operations - Cost-based competition
Operations - Corporate social responsibility
Marketing - Corporate social responsibility
28
Quick Q: Which factor is influenced by word of mouth?
Economic
None of the above
Psychological
Sociocultural
29
Quick Q: A business has a higher current ratio than the industry standard. This is
Bad
None of the above
Acceptable
Good
30
What Q. 34 said. (Hint: also the answer to Q.51)
True
Red Triangle
False
Yes
31
Which of the following is an example of voluntary separation in the workplace?
None of the above
Reinstatement
Promotion
Dismissal
32
A business is purchasing a new property. Which source of finance would be most appropriate?
Mortgage
Letter of credit
Shares
Debenture
33
Which of the following actions are
NOT
examples of corporate social responsibility?
Sponsoring a sporting event
Paying compensation for a work-related injury
Opening a manufacturing plant
Introducing a community health program
34
A person purchases his clothing from a discount store because he is a low-income earner. What factor is influencing him?
None of the above
Economic
Legal
Psychological
35
Which performance objective measures how well a product meets the prescribed design specifications?
Cost
Quality
None of the above
Flexibility
36
Which two of the following are sources of funds appropriate for a business purchasing extra stock before busy trading?
Factoring
Debentures
Bank overdraft
Retained profits
37
Short and long term objectives are a role of financial management
False
True
38
Quick Q: The expense ratio is always
Greater than the gross profit ratio
Greater than the net profit ratio
The difference between sales and the gross profit ratio
The difference between the net profit and the gross profit ratio
39
Outsourcing is a what in operations?
Influence
Strategy
Process
Role
40
Outsourcing is an HR influence
False
True
41
The efficiency of a business can best be determined by which of the following?
Value of current liabilities
GPR
Value of current assets
Accounts receivable turnover ratio
42
In which specific business function are recruitment officers most likely to be engaged in?
Finance
Human Resources
None of the above
Marketing
43
Quick Q: Solvency is the ability of a business to
Meet its long-term financial commitments
Increase its market share
Maximise its profits
None of the above
44
Quick Q: In which aspect of a business does continuous improvement occur?
Quality assurance
Just-in-time management
Legal compliance
None of the above
45
Quick Q: Which of the following is
NOT
an HR management process
Disengagement
Acquisition
Maintenance
Separation
46
A company used to sell its products directly to everyone. Now its only available to supermarkets. What are the markets?
From a consumer market to an intermediate market
From resource to an industrial market
From a consumer market to an industrial market
None of the above
47
Which organisation ensures that Alec's Automotives Pty Ltd operates in a financially responsible manner?
APRA
RBA
ASIC
ASX
48
Quick Q: Mr McAlpine invests $500 000 into his business. This is an example of:
None of the above
Internal debt finance
External equity finance
Retained profits
49
What is a benefit to an Australian clothing company of outsourcing its manufacturing overseas? It can..
consider the foreign manufacturer's workers as its own employees
Lower human resource compliance costs
Control the production costs
Decide which particular employees manufacture its products
50
Quick Q: Why would a business factor its account receivables?
To increase owner's equity
To increase the value of current assets
To improve cash flow
To improve the value of the business
51
Factors influencing customer choice include:
Sociocultural, philosophical, economic, government
Government, economic, sociocultural, psychological
Financial, government, philosophical, sociocultural
Psychological, sociocultural, cultural, financial
52
A manufacturer sells her organic meals only to major supermarkets. Which distribution channel has the business chosen?
Selective
Warehousing
Exclusive
None of the above
53
Quick Q: Which operations process uses a Gantt chart?
Input
None of the above
Customisation
Output
54
Luk Ltd. removed a product because it had toxic ingredients that could pose risks. What most likely influenced this?
Economic consideration
Competitive fairness
Product differentiation
Government legislation
55
Human resources is a transforming resource.
False
True