These are questions I created from study book. They include questions from my MCQ Booklet and Study Guide end of chapter questions.
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Created by Jay Ali
over 10 years ago
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Close
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Created by Jay Ali
over 10 years ago
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What is an Organisation?
What are the characteristics of an organization? (name three)
Why do Organsations exist? (Name Three)
How do Organsations differ? Give three examples and explain.
What is the difference between a private and private sector organizations?
What is limited company? What does Limited Liability mean?
Explain what shareholders are and how they run a organization.
What are executive and non-executive directors?
Define Operational Management.
Explain the difference between a private limited and public limited company?
Explain the advantages and disadvantageous of limited companies.
What does the public sector comprise of?
What are the characteristics of the public sector?
What are the Advs and Disadvs of the public sector?
What is an NGO? and What are the organizational features of it?
What is a co operative society and how do they differ from limited companies?
What are mutual associations? Give an example and explain what a credit union is?
What are stakeholders? Explain what internal, external, connected stakeholders are and give examples.
Explain what internal stakeholders issues and interest are in an organisation. What action do they take if they are not happy with organisation?
Explain what connected stakeholders issues and interest are in an organisation. What action do they take if they are not happy with organisation?
Explain what external stakeholders issues and interest are in an organisation. What action do they take if they are not happy with organisation?
What is the difference between Primary and Secondary Stakeholders?
Discuss what happens during a conflict between a shareholder and manager of a organisation.
Draw stakeholder matrix and using it explain the relationship organisation should seek with stakeholders.
How is stakeholder mapping used to assess the significance of stakeholder groups?
How can existing structures and systems channel stakeholder influence?
How can you measure stakeholder satisfaction for Employees, Gov, Distributors?
Explain "Johnson and Scholes's" environmental analysis procedure
State two ways organizations can be analyzed and explain.
What is PEST? What does each letter abbreviate to?
Explain how uncertainty in the environment be assessed along two axes, simplicity/complexity and stability/dynamism.
What are the changes in the business environment that have driven new developments?
How does the political environment affect firms?
State three legal factors that affect all companies. Give examples.
How can the government directly influence the economic structure of an industry? Give three examples and explain.
State one way businesses can influence government policies?
State two reasons why organisations encourage retirement.
What is an exit interview? Why do organisations use it?
What is 'The period of notice'?
What are the three forms of terminaton that consitute dimissal under UK Law?
What is constructive dismissal?
What is wrongful dismissal?
What is Unfair Dimissal?
Under what two circumstances can Redundany be dismissal?
Under what three circumstances is an employee who has been made redundant not entitled to compensation?
State three ways the impact of a redundancy programme can be reduced?
State three ways the impact of a redundancy programme can be reduced?
What is Privacy?
What is Data users?
State two rights a data subject has?
State two employer duties in reference to health and safety at work
State two employees duties in relation to health & Safety at work?
State two impacts of accidents at a work place to an organisation
State two ways accidents at work place can be reduced?
State two features a 'Health and Safety Policy' may have
What is a contract?
What is a social class?
Define span of control.
What is the difference between centralised and decentralised systems?
How has IT affected employee and employer relationshio? Give two examples
What is Delayering and Downsizing?
Explain what outsourcing means?
State at least two classifications of Outsourcing.
State two advantages and disadvantages of Outsourcing.
What is enviromental footprint?
What are the impacts on the enviroment from economic activities? State two
What is the impact on an organisation of eniviromental costs? State three
What is SWOT Analysis?
What does value activities mean?
What is Porters Five Forces Model?
What is Aggregate Demand and its components?
What is Aggregate Supply?
What factors affect the economy? State 3...
Using AD and AS demand analysis explain a shift in AD.
When economy is at full employment, what will happen to inflation if there is an increase AD? Use AD & AS schedule to show this
What is a Inflationary Gap?
What is a deflationary gap?
What is stagflation?
What is the difference between inflation and deflation?
Why is inflation a problem? State two reasons
Define what 'CPI' means and explain how it is used
What is RPI and how is it used?
What does RPIX and RPIY mean?
What causes inflation?
What is demand pull inflation?
What is cost push inflation?
What is the rate of unemployment?
What are the flows into unemployment?
What are the flows out of unemployment?
State two consequences of unemployment for the economy/organisation
What is real wage unemployment?
What is frictional unemployment?
What is seasonal unemployment?
What is structural unemployment?
Technological unemployment is what?
What is cyclical or demand-deficient unemployment?
State two ways government can create jobs or reduce unemployment?
What is actual economic growth?
What is potential economic growth?
What two factors determine in the long run the actual growth?
What are the causes of growth in potential output?
What are the factors for sustainable economic growth?
What are the advantages and disadvantages of economic growth?
What is Macroeconomics?
What are the four main objectives of an economic policy?
State two impacts government tax and spending decisions has on companies
Why is economic planning important? State two reason
What is 'Fiscal Policy'?
What is PSNCR?
What two ways can Government using Fiscal Policy stimulate demand economy? What are the implications?
What is Budget Surplus and Budget Deficit?
What are the functions of taxation? Give two examples
What is Direct Taxes? Give examples
What is progressive tax?
What is proportional tax?
What is indirect tax? Give examples
What is specific tax?
What is Ad Valorem Tax?
What is Regressive tax?
What is Monetary Policy?
What are the objectives of monetary policy?
What is Quantitative Easing?
What are the effects of using Money supply for the Monetary Policy?
How is interest rates used to affect Monetary Policy?
How is exchange rates used as a target of monetary policy?
What is a leading indicator?
What is Coincident indicator?
What is lagging indicator?
State two monetary indicators
How can Monetary Policy and Fiscal Policy be used together to increase AD?
What is the Balance of Payments?
What is Current Account?
What is Capital account?
What is balance on the financial account?
What is a surplus or deficit in current account? Also what are their problems?
How can a gov rectify a current account deficit?
What is the micro environment?
What is the income effect and Substitution effect?
What are the 5'ms (inputs) in a organization?
What are the four factors which are required for organizations to function?
What is customer value proposition?
What is a market?
What are firms and households?
What is derived demand?
What is utility?
What is total utility?
What is Marginal Utility?
What assumptions are made about consumer rationality?
What is Demand?
Changes of price is represented as shifts or movements along the demand curve?
What is a demand curve?
What factors deterine total market demand for a good?
What is Income effect and Substitution effect?
What are substitutes and complements?
What is price elasticity of demand? What is the formula?
If Price Elasticity of Demand is greater than 1 is it elastic or inelastic?
If Price Elasticity of Demand is less that 1 is it elastic or inelastic?
If Price Elasticity of Demand is 0 is it elastic or inelastic?
What is Income elasticity of demand?
What is Income elasticity of demand formula?
If income elasticity for a good is greater than 1 is it elastic or inelastic?
If income elasticity for a good is between (0-1) is it elastic or inelastic?
What are normal goods, Luxury Goods and inferior goods? What are their income elasticity? What are thier vaalues? Give examples
What is cross elasticity of demand?
Match these cross elasticity for perfect complements, complements, unrelated, perfect substitutes and substitutes to the values below.
-1, Positive, 0, negative, +1
What causes a shift in demand curve? State two examples
What is supply?
What is cost plus pricing?
What are the shifts in supply curve? State two
What is the difference between SS and LS? Use drawins to illustrate this
What Consumer demand and producer surplus? Use diagram to illustrate
Explain why are maximum and minimum prices used? Use diagram to illustrate this. What effect do they have on demand and supply? Give examples where it is used
