BT Ch-1 To 9

Read the following statements about public sector organisation.

Which TWO of these statements are true?

1. 1. Public sector companies are never expected to make a profit

2. 2. They are owned by trustees

3. 3. Their aim or objective will be to provide a public service

4. 4. They are funded by government

• 1. 1 and 3

• 1. 2 and 4

• 1. 1 and 2

• 1. 3 and 4

Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability?

• 1. A private accountancy college

• 1. A local authority

• 1. A small retailer

• 1. A pension fund

A new factory is due to be built close to a local school in an area where unemployment is high. The factory will emit fumes which, although visible, are considered to be harmless.

Using Mendelow’s power-interest matrix, consider what category of stakeholder the residents are, and therefore determine the level of engagement needed?

• 1. Keep satisfied

• 1. Minimal effort

• 1. Key players

• 1. Keep informed

The levels of power and interest held by a stakeholder indicates the type of relationship that organisation should seek to develop with that stakeholder.

A stakeholder that should be kept satisfied will have which of the following?

• 1. Low interest; low power

• 1. Low interest; high power

• 1. High interest; low power

• 1. High interest; high power

The European Union, the World Trade Organisation and the International Court of Justice are all examples of what type of organisation?

• 1. Supra-national bodies

• 1. Cross-border international bodies

• 1. International law and regulation enforcement bodies

• 1. Delegated legislative bodies

Which of the following principles is usually recommended for inclusion in legislation on data protection?

• 1. The data user should provide the data subject with regular and detailed information on the data held

• 1. All personal data held by data users should be updated by checking this data with the subject at regular intervals

• 1. All personal data held by data users should be adequate for the purposes of the data user but not excessive

• 1. All personal data held by data users should be reviewed regularly and automatically deleted after a specified period of time

Supply-side economics is an approach that can be used to manage the economy.

Which of the following is NOT an example of supply-side economics?

• 1. Reducing income taxes

• 1. Improving the skills of the workforce

• 1. Reducing the power of trade unions

• 1. Increasing government spending

Inflation will have many effects on the economy of a country.

Which ONE of the following best describes the impact inflation is likely to have on the international trade of a country?

• 1. The value of the currency will fall, imports will be cheaper

• 1. The value of the currency will fall, imports will be more expensive

• 1. The value of the currency will rise, imports will be cheaper

• 1. The value of the currency will rise, imports will be more expensive

Country X is experiencing a recession and overall levels of unemployment are on the rise. However, one category of unemployment is falling during the recession.

Which of the following types of unemployment is most likely to fall during a recession?

• 1. Structural

• 1. Frictional

• 1. Cyclical

• 1. Seasonal

A retailer has identified that demand for petrol is inelastic, but demand for canned soup is elastic. As part of a special promotion, the retailer has decreased the prices of both petrol and canned soup.

How will the revenues of the two products respectively be affected by the price decrease?

• 1. Revenue from petrol will increase; revenue from canned soup will increase

• 1. Revenue from petrol will increase; revenue from canned soup will decrease

• 1. Revenue from petrol will decrease; revenue from canned soup will decrease

• 1. Revenue from petrol will decrease; revenue from canned soup will increase