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HSC Business Studies
HSC Business Studies
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1
ASIC
stands for -
Australian Securities and Indentured Corporations
Australian Sharemarket Commission
Australian Securities and Investments Commission
Australian Shares and Investing in Companies
2
___ is usually a
mutually agreed role
where an experienced staff member
shares knowledge
through a
personal relationship
Mentoring
Coaching
Job Enlargement
Acquisition
3
Which of these contains only
performance objectives
from the
Operations
syllabus?
Quality, Flexibility, Outsourcing
Speed, Customisation, Dependability
Quality, Speed, Profit
Customisation, Cost, Service
4
Which of the following features are NOT part of an
employment contract
?
Duties
Bonuses
Trade Union Membership
Workplace Location
5
'Valuing Assets'
is a limitation associated with financial reports.
True
False
6
7P's - '
Physical Evidence'
refers to thhe environment in which the service will be delivered?
True
False
7
Retained Profits
are found in the 'external sources of finance' section of the syllabus
True
False
8
____ is the
confidential discussion
of issues in a non-threatening environment with a
neutral, objective third party
Mediation
Arbitration
Negotiation
Orders
9
Which of these is a
'short term' debt
source of finance?
Mortgage
Debentures
Factoring
Leasing
10
_____________ refers to the order in which activities in the operations process occur.
Scheduling
Sequencing
Speed
Sustainability
11
In the '
Global Marketing
' section of the syllabus, which of these is NOT a dash point.
Custom Pricing
Competitive Positioning
Customisation
Global Branding
12
Which of these is NOT a
consumer law
covered in the syllabus?
Deceptive and Misleading Advertising
Sugging
Price Discrimination
Warranties
13
A business uses coupons to try to increase sales for one of their products. Which element of the
promotion mix
?
Advertising
Sales Promotion
Public Relations
Relationship Marketing
14
An example of an '
employer association
' would be the NSW Teachers Federation..
True
False
15
________ finance is an
external source of finance
which involves inviting
new owners
to the business
Debt
Overdraft
Taxation
Equity
16
______ is where the equipment arrangement relates to the
sequence of tasks
being performed in manufacturing the product.
Project Production
Product Layout
Process Production
Fixed Position Layout
17
Which of these contains
pricing strategies
?
Competition Based, Market Based
Cost Based, Market Based
Price Skimming, Loss Leaders, Price Points
Quality Pricing, Loss Leaders, Price Points
18
________ is the term used to describe actions taken to reduce financial risk
Spot Rate
Hedging
Bill of Exchange
Fluctuations
19
__________ law refers to
laws made by judges
and the court system.
Statute
Social
Common
Parliament
20
_________ is the extent to which a business can meet its
short term
(under 12 months) financial commitments
Growth
Solvency
Liquidity
Efficiency
21
In terms of
channel choice,
Coca-Cola would be considered to be distributed?
Intensively
Exclusively
Selectively
Solely
22
These allow employers and employees to come to an agreement that
varies their award
or enterprise agreement
Modern Award
Individual Flexibility Agreement
Trade Union
Flexible Working Conditions
23
Which of the following contains only
Inventory Management
strategies?
LIFO, FIFO, JIT
FIFO, JIT, JAT
LIFO, FIFO, JUT
LIFO, FIFO, JAT
24
Which of these is not part of '
factors influencing customer choice
' in marketing?
Sociocultural
Economic
Geographic
Psychological
25
Which
legislation
would cover the majority of workers being treated under
workers compensation
in NSW
Local Council
State
Commonwealth
Federal
26
Which of these refers to a business wanting to have the
lowest costs
in the market.
Cost Leadership
Cost Centres
Cost Control
Profit Maximisation
27
________ is when businesses look at other businesses around the world and
learn from best practice
.
Global Sourcing
Scanning and Learning
Economies of Scale
Scanning and Research
28
A
Situational Analysis
occurs in which part of Marketing
Marketing Process
Marketing Strategies
Influences on Marketing
Role of Marketing
29
What do the lettters in
SWOT
analysis stand for?
Strengths, Weaknesses, Originality, Threats
Situation, Weaknesses, Opportunities, Threats
Situation, Weaknesses, Opportunities, Target Market
Strengths, Weaknesses, Opportunities, Threats
30
Recruitment
is the first stage in the Human Resources cycle?
False
True
31
Branding and Packaging falls under the '
Place
' section of the 7P's
False
True
32
Examples of '
Transformed Resources
' include: labour and facilities.
True
False
33
This
test
requires that each employee covered by any workplace agreement is
not compromising award conditions
BOOT
FOOT
LOOT
TOOT
34
In the syllabus, which of the following is NOT an
indicator of HR effectiveness
?
Corporate Culture
Absenteeism
Accidents
Employee Rewards
35
A
Critical Path Analysis
is a type of bar chart that shows both the scheduled and completed work over a period of time.
True
False
36
The Fair Work Act
was implemented in what year?
2007
1974
1988
2009
37
__________ are
additional costs
involved in hiring an employee, including superannuation, leave loading, sick leave, etc
Award Costs
On Costs
On-top costs
Off Costs
38
Which of these is not part of the 4V's in Operations Processes?
Varying the Product Mix
Volume
Variation in Demand
Variety
39
__________ are organisations
formed by employees
in an industry to represent them to
improve wages & working conditions
.
Trade Unions
Governments
Employer Associations
Stakeholders
40
Economies of scale
refer to cost advantages created by an increased in size/scale of business operations / production.
False
True