Month: December 2020

A ‘hard’ approach to human resource management would?

Select ONE answer:

1. focus on the most efficient use of capital equipment
2. treat employees as a resource to be used as efficiently as possible
3. view workers as a valuable asset to be developed
4. focus solely on better recruitment methods to improve employee engagement.

Show the workings to arrive at your answer, and explain and justify your reasons:

Payables are the value of?

Select ONE answer:

1. a firm’s overdraft from its bank
2. inventory held by a business
3. money owed to a firm by customers
4. money owed to suppliers by a business

Show the workings to arrive at your answer, and explain and justify your reasons:

Public limited companies usually pay ordinary shareholders their share of the profits in the form of?

Select ONE answer:

1. inventory
2. dividends
3. fixed interest payments
4. retained profits

Show the workings to arrive at your answer, and explain and justify your reasons:

The data below refers to a particular good:

• output = 200 units
• selling price = £7.25
• fixed costs = £500
• contribution per unit = £3

The variable cost per unit is?

Select ONE answer:

1. £2.50
2. £4.25
3. £4.50
4. £4.75

Show the workings to arrive at your answer, and explain and justify your reasons: