Tag: Business Studies

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:

According to Maslow’s hierarchy of needs, which one of the following statements is true?

Select ONE answer:

1. Social needs must be satisfied before security/safety needs can be used to motivate employees.
2. Self-actualisation must be reached before physiological needs can be used to motivate employees.
3. Esteem/ego needs must be satisfied before self-actualisation needs can be used to motivate employees.
4. Security/safety needs must be satisfied before physiological needs can be used to motivate employees.

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

A factory produces 120 units with a workforce of 10 employees. The number of employees stays the same but output increases by 20% and costs of production increase by 25%. This means that?

Select ONE answer:

1. labour productivity rises and unit costs rise
2. labour productivity rises and unit costs fall
3. labour productivity falls and unit costs rise
4. labour productivity falls and unit costs fall

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