Download BUSS3 Revision Quiz - Week 3

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BUSS3 Revision Quiz - Week 3
1. Which of these external influences is most likely to affect HRM in a manufacturing firm?
A
Introduction of new technology at the firm
C
Changes in environmental legislation
B
EU directives on service industries
D
Financial constraints imposed by poor cash
flow
2. Which of the following is often associated with achieving market leadership?
A
Economies of scale
C
Repuation for high prices
B
Lowest unit profits in the market
D
Highest number of products
3. If a share price is increasing, then if the dividend per share stays the same…
A
Dividend yield will fall
C
Dividend yield stays the same
B
Dividend yield will rise
D
Dividend yield = zero
C
Average returns earned by a project
D
Time taken for a project to repay the
4. The payback period measures the...
A
Total cash proceeds from an investment
project
B
Time when a project reaches profit
initial investment
breakeven
5. The least liquid current asset in a balance sheet is normally:
A
Cash balances
C
Stocks / inventories
B
Short-term investments
D
Trade debtors
C
Ratio between gross profit and operating
6. The term "profit quality" refers to the...
A
Sustainability of profits from one period to
another
B
profit
Profits earned from sale of quality products
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D
Opinion on profit given by the auditors
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-27. Which profitability ratio best assesses how a firm is controlling its overheads?
A
Gross profit margin
C
Net profit margin
B
Acid-test ratio
D
ROCE
8. A supplier analysing a potential customer's balance sheet would be happiest to see...
A
A high current ratio
C
A large bank overdraft
B
A very low current ratio
D
An acid-test ratio higher than the current
ratio
9. A good reason for a firm to operate with high gearing is where…
A
The firm experiences significant changes
C
in profits and cash flow
B
Shareholders consider the business to be
high risk
The firm has strong liquidity and
D
predictable future cash flows
Interest rates are expected to rise in the
long-term
10. Which of these is most likely to hold significant levels of stocks?
A
A firm of accountants
C
A chain of Dominos Pizza outlets
B
A chain of travel agents
D
A distributor of industrial equipment
11. Which of the four strategies in the Ansoff Matrix is generally thought to involve the highest risk?
A
Diversification
C
Product development
B
Market development
D
Market penetration
12. Of these businesses, which is likely to have the lowest debtor days ratio?
A
British Aerospace
C
Unilever
B
Dominos Pizza
D
Jaguar Land Rover
13. The acronym TQM stands for…
A
Tested Quality Merchandise
C
Total Quality Management
B
Totally Quality Materials
D
Track Quantities Missing
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BUSS3 Revision Quiz - Week 3
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-314. A "workforce gap" arises when a business does not have…
A
The confidence to employ more staff
C
The space to employ more staff
B
The staff it needs to meet its objectives
D
The budget to train employees
15. Which of the following activities is most closely related to R&D?
A
Managing inventories
C
Market research
B
Paying suppliers
D
Motivating staff
16. Which of these is an external influence on operational objectives?
A
Employee motivation
C
Technological change
B
Organisational structure
D
Corporate objectives
C
The type of activity
D
The name of an activity
17. A node in a CPA diagram shows:
A
The order in which an activity must take
place
B
A point in time where an activity is started
or finished
18. A key feature of Kaizen is that improvements are achieved by making…
A
Large-scale investment
C
Many small changes
B
Less complicated products
D
Close contact with consultants
19. A likely benefit of using a matrix structure is that:
A
Fewer project reports are needed
C
Staff costs will be reduced
B
Good practice is shared across functional
D
Communication is less important
depts
20. A decision to cut shareholder dividends would lead to higher…
A
Operating profit
C
Retained profit
B
Share price
D
Gearing
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BUSS3 Revision Quiz - Week 3
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