Business Revision

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

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

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

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:

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

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:

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:

Receivables are the value of:

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

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

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

Penetration pricing is setting a price that is:

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:

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:

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 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:

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

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

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

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

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

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?

Which of the following statements is true?

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

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

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: