Wk4Man/Fin2,3

Consider the following statements:

1 Monitoring population growth is usually only important for public or governmental organisations.

2 ‘Attitudes’ represent an individual’s personal preferences or patterns of choice.

Which of these statements is/are correct?

• 1 only

• 2 only

• Neither

• Both

Consider the following statements:

1 An aging population represents a risk to all businesses that manufacture or sell technologically advanced products.

2 Changes in social structure can have a significant impact on a country’s buying patterns.

Which of these statements is/are correct?

• 2 only

• 1 only

• Both

• Neither

Which of the following is NOT a way in which businesses can reduce the amount of damage they cause to the environment?

• Recycling

• Rebranding of products

• Redesigning products to use fewer materials

• Careful production planning

Lannister is a bank based in country W. It is considering outsourcing its IT department to an overseas IT consultancy company. Its current IT systems are considered excellent, which is important as the banking industry in country W is highly competitive and innovative.

Which of the following statements regarding this proposal is correct?

• Outsourcing is likely to reduce the risk of data security breaches within Lannister

• Lannister is likely to enjoy increased in-house IT skills and knowledge

• Outsourcing Lannister’s IT department could cause a loss of competitive advantage

• It is likely to be easy for Lannister to bring the IT function back in-house if problems arise with the IT consultancy company

What change in people’s attitudes has put additional pressure on businesses to become more socially responsible?

• Disposable income is growing as people have fewer childr

• Urbanisation encourages companies to build more compact offices

• Fashion changes rapidly therefore frequently change of suppliers becomes a necessity

• People are more aware of the ‘carbon footprint’ left by a company’s operations

Consider the following statements:

1 A political system can be defined as ‘a complete set of institutions, political organisations and interest groups, the relationship between those institutions and the political rules and norms that govern their functions.’

2 Nationalisation of an industry often involves government selling some of its assets in a bid to promote competition.

Which of these statements is/are correct?

• 2 only

• 1 only

• Neither

• Both

"__________ represent a person or group’s like or dislike for something" Type in the right definition

"_______ refers to an individual’s personal preferences or patterns of choice" Type in the right definition

"Often linked to downsizing, _________ is the process of removing layers of management." Type in the right definition

Consider the following two scenarios.

(i) Alex wants to request his personal credit report from a credit file company for free, using typical data protection legislation.

(ii) Alex receives a large amount of unsolicited (junk) mail. Using the data protection act, he wishes to have these marketing activities blocked.

In which of these scenarios would typical data protection legislation support Alex?

• (ii) only

• (i) only

• Both

• Neither