HSC Business Studies Quiz: 2013 Exam Paper

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Quiz by Alex Declan, created more than 1 year ago

This Quiz provides the multiple choice questions and answers of the HSC Business Studies 2013 exams. Start practicing for your exam now!

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	Created by Andrea Leyden over 12 years ago

	Copied by Alex Declan over 12 years ago

This Quiz provides the multiple choice questions and answers of the HSC Business Studies 2013 exams. Start practicing for your exam now!

HSC Business Studies Quiz: 2013 Exam Paper

HSC Business Studies Quiz: 2013 Exam Paper

Question 1 of 20

Which business function transforms raw materials and resources into finished goods or products?

Select one of the following:

Explanation

Question 2 of 20

An overseas factory sells 200,000 teddy bears a year to toy stores across Australia. What type of market is the overseas factory targeting?

Select one of the following:

Explanation

Question 3 of 20

A business places a job vacancy advertisement on its website. Which aspect of human resource management is this an example of?

Select one of the following:

Explanation

Question 4 of 20

What does the expense ratio measure?

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Explanation

Question 5 of 20

Acompany’s policy is to purchase from lowest­ cost suppliers regardless of their location. What is this policy an example of?

Select one of the following:

Explanation

Question 6 of 20

Which of the following would immediately improve the working capital of a business?

Select one of the following:

Explanation

Question 7 of 20

Which of the following includes both an opportunity and a threat from a SWOT analysis?

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Explanation

Question 8 of 20

What does a critical path identify?

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Explanation

Question 9 of 20

What is the most likely reason that a business would use price skimming?

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Explanation

Question 10 of 20

Which of the following would improve the financial position of a business?

Select one of the following:

Explanation

Question 11 of 20

Sam is asked by a company to participate in a survey on home security. After a few questions, she is asked if she would like to purchase a burglar alarm from the company. What strategy is the company using?

Select one of the following:

Explanation

Question 12 of 20

A car company advertises its new luxury car as more exciting and fun to drive than its competitors’ cars. What strategy is the car company using?

Select one of the following:

Explanation

Question 13 of 20

Full­time, permanent employees in Australia are generally entitled to four weeks annual leave. What is the legal basis for this?

Select one of the following:

Explanation

Question 14 of 20

Which of the following includes two examples of transforming resources?

Select one of the following:

Explanation

Question 15 of 20

Company XYZ allocates most of its marketing budget to advertising. What approach has XYZ adopted?

Select one of the following:

Explanation

Question 16 of 20

Auditors have discovered that the value of legal fees paid has been included in the asset value of a new warehouse purchased by a business. What limitation of financial reports does this show?

Select one of the following:

Explanation

Question 17 of 20

Which of the following combinations would result in the lowest production cost per unit?

Select one of the following:

Explanation

Question 18 of 20

A businessis experiencing increasing costs for its stock over time. It is seeking to maximise its profit for the current financial period. Which strategy should it adopt to value its inventory?

Select one of the following:

Explanation

Question 19 of 20

The image on the right is an extract from the end of year marketing report for a business. Which of the following is suggested by the data?

Select one of the following:

Explanation

Question 20 of 20

Acompany’s policy is to purchase from lowest cost suppliers regardless of their location. What is this policy an example of?

Fulltime, permanent employees in Australia are generally entitled to four weeks annual leave. What is the legal basis for this?