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ACCOUNTANT IN BUSINESS AB (F1)

MAK BOOK STORE 6 questions

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Questions in this quiz (6)

  1. 1Which combination of demand and supply curves would be appropriate for a firm attempting to increase
    its profits by increasing its market share?
    1. AInelastic demand, inelastic supply
    2. BElastic demand, elastic supply
    3. CInelastic demand, elastic supply
    4. DElastic demand, inelastic supply
  2. 2If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease
    in the price of all wine would result in:
    1. AA more than proportional decrease in the quantity of dry white wine purchased
    2. BA less than proportional decrease in the quantity of dry white wine purchased
    3. CA less than proportional increase in the quantity of dry white wine purchased
    4. DA more than proportional increase in the quantity of dry white wine purchased (2 marks)
  3. 3The following, with one exception, are 'protectionist measures' in international trade. Which is the
    exception?
    1. AImport quotas
    2. BSubsidies for exporters
    3. CCustoms procedures
    4. DTariffs
  4. 4William Ouchi identified three types of control.
    Which of the following is not one of those?
    1. ABureaucratic control
    2. BMarket control
    3. COutput control
    4. DClan control
  5. 5BZ Ness Ltd is an organisation with a strongly traditional outlook. It is structured and managed
    according to classical principles: specialisation, the scalar chain of command, unity of command and
    direction. Personnel tend to focus on their own distinct tasks, which are strictly defined and directed.
    Communication is vertical, rather than lateral. Discipline is much prized and enshrined in the rule book
    of the company.

    From the scenario, what sort of culture does BZ Ness Ltd have, using Harrison's classifications?
    1. ARole culture
    2. BTask culture
    3. CExistential culture
    4. DPower culture
  6. 6Which of the following principles of classical management is challenged by matrix management?
    1. AStructuring the organisation on functional lines
    2. BStructuring the organisation on geographical lines
    3. CUnity of command
    4. DDecentralisation of decision-making

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MOCK EXAM
Language
English
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