This multiple-choice question is suitable for Business Studies KS4 & KS5 classes
The answer is 2
Not correct – Fewer managers in a flat structure due to having fewer layers in the structure.
Correct – A flat organisational structure e.g. where there are few levels/layers in the hierarchy. A small number of levels/layers results in better communication between managers and workers at Electromac. Because of a small number of levels there are fewer managers therefore decisions can be made more quickly than with other structures.
Not correct – A flat organisational structures tend to have a wide span of control due to managers having more employees under their direct authority.
Not correct – A long chain of command would have more layers than a flat organisational structure such as Electromac.
This multiple-choice question is suitable for Business Studies KS4 & KS5 classes
The answer is 2
Not correct – export prices will now be cheaper for foreign buyers
Correct –Depreciation of a currency is a decrease in the value of a country’s currency relative to one or more foreign currencies. The pound has depreciated meaning that European and American buyers need to exchange less of their own currency to buy the same number of pounds. This means that UK exports are now cheaper in Europe and America so the demand for exports increases.
Not correct – imports will now be more expensive to the UK businesses and therefore orders will decrease.
Not correct – import prices will increase as more pounds have to be exchanged for the same amount of euros and dollars.
Electromac announced a worldwide recall of every BigKen smartphone sold before September 2021 because of reported dangerous faults that make them explode in the hands of its users.
Consumer protection legislation requires that goods and services sold must be?
Select ONE answer:
guaranteed for life
produced under Fair Trade agreements
taxed by the government
fit for their intended purpose
Show your workings to arrive at your answer, and explain and justify your reasons:
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
Not correct – Most goods or services cannot be guaranteed for life, as over time goods will wear out and/or become obsolete.
Not correct – Fair Trade agreements are concerned with the rights of the supplier and not the consumer.
Not correct – While many goods are taxed, this is decided by separate government legislation and not by consumer protection legislation.
Correct – Consumer protection legislation is designed to give consumers rights if goods purchased do not meet certain requirements. As a result manufacturers such as Electromac must provide goods that are fit for purpose for example not having dangerous faults. When products are not fit for purpose, such as the BigKen, consumers are legally protected and manufacturers must take remedial measures such as recall/replacement/refund.
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