Business Revision | Baamboozle - Baamboozle | The Most Fun Classroom Games!

A business replaces some of its workforce with machinery. This leads to a 10% increase in capacity and output and a 5% increase in unit costs. This is an example of:

More capital intensive production and diseconomies of scale

More capital intensive production and economies of scale

More labour intensive production and economies of scale

More labour intensive production and diseconomies of scale

Starbucks is an American coffee shop. In recent years it has opened over 300 tea shops in America to appeal to its existing customers. According to Ansoff's matrix this is an example of:

Product development

Diversification

Market development

Market penetration

Which one of these strategies from Bowman's strategic clock is most likely to be a successful long-term strategy?

Low price and low added value

High price and low added value

High price and standard added value

Standard price and low added value

A to D (below) apply to the market leader of a particular industry. Which one of these is not a barrier to entry for a business seeking to enter this industry? The market leader:

Experiences diseconomies of scale

Is vertically integrated with its suppliers

Has high brand loyalty

D. Owns a patent

Decreasing government subsidies on a country’s agriculture would be:

Fiscal policy which encourages more open trade

Fiscal policy which increases protectionism

Monetary policy which encourages more open trade

Monetary policy which increases protectionism

Which one of the following perspectives is not used by Kaplan and Norton's balanced scorecard?

External businesses

Customer

Financial

Learning and growth

Which one of these job characteristics is not a factor that will motivate employees, according to Hackman and Oldham's model? A high level of:

Predictability

Autonomy

Skill variety

Task significance

According to Herzberg's 'two factor' theory of motivation, which one of the following is a hygiene factor?

B. Higher pay

Greater responsibility

More interesting tasks

Opportunities for promotion

An organised association of workers, formed to protect and further their rights and interests, is known as a:

Trade union

Human resources department

Kaizen group

. Works council

Which of the following sources of finance is used primarily for short-term uses?

Debt factoring

Share capital

Sale of buildings

Venture capital

Which one of these changes would lead to an increase in the level of output needed to break-even? A decrease in:

Unit selling price

Fixed costs

Margin of safety

Variable costs per unit

Receivables are the value of:

Money owed to a business by its customers

A business's sales revenue

Inventory held by a business

Money owed to suppliers by a business

A factory has just experienced a zero level of inventory. It wishes to have a buffer level of inventory of 80 units. It uses 35 units per day and has a lead time of 5 days with its supplier. Its re-order level is:

255 units

80 units

95 units

175 units

In 2016 a business had 12 employees and produced 60 units of output. Its capacity utilisation was 75%. In 2017 it achieved 100% capacity output with the same labour force. Labour productivity per employee in 2017 was:

6.67 units

6

5 units

3.75 units

A business replaces some of its workforce with machinery. This leads to a 10% increase in capacity and output and a 5% increase in unit costs. This is an example of:

More capital intensive production and diseconomies of scale

More capital intensive production and economies of scale

More labour intensive production and economies of scale

More labour intensive production and diseconomies of scale

A business wishes to reduce its capacity. Which of the following actions is not a method that a business will use to achieve this aim?

Reducing output

Cutting back on capital equipment

Rationalising its labour force

D. Selling a factory to another business

Penetration pricing is setting a price that is:

Often used when demand is price elastic

Associated with products with high income elasticity of dema

Intended to maximise the profit margin on each product

Often used in markets with high seller power

Despite a significant increase in its sales revenue, a product's market share falls from 60% to 50%. This product is a:

Star

Cash cow

Dog

Problem child/question mark

Based on Tannenbaum and Schmidt's continuum of leadership, in which part of the continuum does the manager have least authority?

Share/Joins

Consult

Sell

Tell

A manager has a high concern for people and a low concern for production or task. According to Blake Mouton this manager is:

A country club leader

A middle of the road leader

An impoverished leader

A team leader

Which one of the following external factors is most likely to cause an increase in demand and a decrease in costs for a highly geared furniture retailer?

A decrease in the rate of interest

New competition entering the market

Increases in incomes for all workers in the country

A fall in the number of people of working age

Which of the following statements is true?

The population size is a demographic factor in the external

An increase in interest rates is likely to lead to more d

A soft approach to human resource management is likely to

A mission will have a more specific target than a busines

Ordinary shares traded on the stock exchange are those issued by:

Public limited companies

Private limited companies

Public sector organisations

Sole traders

A business moves an employee to a different job. This is known as:

Redeployment

Delayering

Delegating

Redundancy

Which one of the following will be a variable cost for a coffee shop?

Ingredients for the cups of coffee

Salary paid to the manager

Advertising costs

Rent paid for the premises

Which one of the following does not vary with output in the short-run?

Fixed costs

Total costs

Total revenue

Variable costs