Which of the following sources of finance would be available to a governmental local authority (city hall)?

Which one of the following is a feature of all organisations?

A director’s fiduciary responsibilities include exercising due skill and care when performing their duties, avoiding conflicts of interest and acting in the company’s best interest.

Is this statement true or false?

Which of the following is a correct statement regarding stakeholder conflict?

An institutional investor continues to acquire significant shares in a mid-size company and has gradually increased its modest representation on the board of directors. The investor’s primary motivations for buying these additional shares have been the company’s attractive share price and to further diversify its share portfolio.

According to Mendelow’s stakeholder grid which of the following is the most likely mapping of the institutional investor’s power and interest over the mid-size company?

Shareholders may be considered as which type of stakeholder?

As a longstanding customer, Walter has been highly critical of Fly Co, an airline which he claims has provided him with bad service and poor value for money for many years. He has written many letters and has made numerous telephone calls, all expressing his concerns. Having now inherited a large block of voting shares in Fly Co, Walter can now voice his complaints at the annual shareholders’ meeting for the first time.

With reference to Mendelow’s theory, what is the implication of this development?

Which of the following can be used to compare the power and influence of various stakeholder groups and how their needs should be accounted for?

Which of the following includes four examples of the seven rights of individuals regarding information that is stored about them?

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

Which of the following types of new legislation would provide greater employment opportunities in large companies?

The income elasticity of demand of inferior goods is negative.

Is this statement true or false?

Hygiene Products Co is a small start-up company that produces undifferentiated, basic necessity products in a market consisting of many buyers and sellers.

Which type of market does the company compete in?​

An oligopoly market structure is characterised by few firms competing by offering differentiated products with product pricing decisions influenced by pricing actions of competitors.

Is this statement true or false?

Which of the following types of goods will have an income elasticity of demand less than zero?

Toothpaste is considered a ________ good with demand that is price _________.

Which of the following correctly completes the sentence above?

1.    Normal

2.    Necessity

3.    Inelastic

4.    Elastic

An industry consists of many firms with virtually no barriers to entry. Although firms are able to control their level of output, product prices are driven exclusively by market forces.

Which of the following market structures does the scenario above describe?

Which of the following is NOT a characteristic of an oligopoly market?

Which of the following differentiates a monopoly from an oligopoly market structure?

Many large cities have, or are introducing, a congestion charge on the use of cars in city centres (e.g. the City of London). Experience has shown that in some cities the charge does not significantly reduce the use of cars for travelling to and from work (commuting).

In economic terms, what is the implication where the charge does not significantly reduce the use of cars?

Which of the following statements is TRUE in relation to the average revenue function of a business in a perfect market?

Social influences have to be taken into account when an organisation is considering what type of products it wants to sell.

Which ONE of the following influences will have the least impact on a retailer of over-the-counter medication?

24  Country B has an ageing population. The government is concerned about the impact the proportion of the population who are retired compared to the proportion who are working is having on public finances in the country.

Which TWO of the following initiatives would be appropriate for the government to introduce to help address its concerns?

Environmental sustainability should be a factor that a business considers when planning its activities.

Which of the following should be taken into account when trying to reduce the business’s impact on the environment:

(i) Reduction in the use of packaging

(ii) Redesign of products

(iii) Production planning

A manufacturing company wants to reduce the environmental impact of its production process, by reducing the quantity of resources which that process uses.

Which TWO of the following will help the company achieve this aim?

Porter’s five forces collectively determine, for a single company, which of the following?

28 An international quality car manufacturer that prides itself on innovative design offers each of its customers the opportunity for a custom fit car seat (referred to by the company as a “glove seat”) which they believe makes them “stand out from the crowd”. This entails the customer visiting a show room and sitting in a design module of their car’s interior. Sensors measure the driver’s body and best driving position. The same process can be applied for up to three other drivers (e.g. wife, husband, children, dog). When delivered, the car’s seat “fits like a glove” and can be re-engineered at any time to take into account changes in the driver’s body. By entering a PIN, the car seat will automatically adjust to fit the posture of the new driver.

What form of technological competitive strategic advantage is the car manufacturer aiming to achieve?

A firm wishes to obtain a competitive advantage over its rivals through the use of information systems and technology. The CEO understands he can achieve a competitive advantage through differentiation or cost leadership.

Which of the following is a technique of differentiation using information systems? 

There is very little growth in the supermarket industry in Kayland. As a result, supermarket chains frequently run advertising campaigns to try to increase their market share at the expense of their competitors.

The industry is dominated by five major supermarket chains, which are well-known brands and benefit from significant economies of scale, and well-established distribution networks.

Which of the following correctly describes the strength of the competitive forces in the supermarket industry in Kayland?

Adrian, Lesley and Manju all work in the purchasing department of an organisation. They carry out similar work, but have responsibilities for managing different contracts within the organisation.

Lesley is very busy at the moment, working on the tender process for a large contract that is up for renewal. Adrian and Manju have little work that urgently needs their attention, so they offer to help Lesley with her tender so that she is ready on time. They do not ask permission from the head of the purchasing department to carry out this work in favour of their own.

Which of the circumstances listed below does this situation illustrate?

Bypassing formal processes to allow tasks to be completed more quickly is a clear benefit of the informal organisation.

Is this statement true or false?

What type of organisation structure is usually decentralised and task-oriented with a smaller scalar chain and larger span of management control?

An organisation would consider offshoring its manufacturing operation in order to lower costs and gain access to skilled production labour.

Is this statement true or false?

At which level of a company’s decision making does new product development and market segmentation play an important role?