Business Enterprise Skills Paper 1 November 2020

1. Aavoid keeping any stock at all
2. Bget inside a tariff barrier
3. Cescape company tax in every country
4. Dshorten its financial year

1. Athe trade union representing staff
2. Bthe local community
3. Cbanks and other lenders
4. Dthe firm's advertising agency

1. Apublic flotation
2. Ba management buy-out
3. Ccontracting out of a service
4. Dderegulation of the market

1. Aa full sale of assets
2. Bcontracting out the service
3. Ca share flotation
4. Dan employee buy-out

1. Aa preferential tender
2. Ba trade discount
3. Ca soft loan
4. Dan overdraft facility

1. Aa soft loan scheme
2. Ban export credit guarantee
3. Cpreferential procurement
4. Da tax holiday on profits

1. Abackward vertical integration
2. Borganic expansion
3. Chorizontal integration
4. Dconglomerate integration

1. Abackward vertical integration
2. Bdiversification into a new market
3. Cforward vertical integration
4. Dhorizontal integration

1. Athe earliest purchase costs
2. Ba weighted average cost
3. Cthe expected selling price
4. Dthe most recent purchase prices

Answer this when you sit the paper.

1. Acurrent ratio
2. Bstock turnover ratio
3. Cgross profit margin
4. Dreturn on capital employed

1. Aremove the need for judgement
2. Buse historic figures
3. Care forbidden by company law
4. Dcan be worked out only by auditors

1. Amotivators
2. Besteem needs
3. Cgrowth needs
4. Dhygiene factors

1. Aa well supervised working environment
2. Ba written contract of employment
3. Ca safe and clean workplace
4. Dresponsibility and recognition

1. Asawmills employ no supervisors
2. Btimber firms cannot pay wages
3. Cthe work is repetitive
4. Dmanual workers dislike praise

1. Ano written rules of any kind
2. Ba defined chain of command
3. Cmembership based on friendship
4. Dleaders who emerge from the group

1. Aare appointed by the board
2. Bappear on the organisation chart
3. Chold written job descriptions
4. Demerge from the group itself

1. Aexists only in the private sector
2. Bcontains groups of employees
3. Cis set up deliberately
4. Dallows employees to speak to one another

1. Aa press release
2. Ba window display
3. Ca staff notice board
4. Da television advert

1. Aadvertises the firm's products
2. Braises the share price of the firm
3. Cremoves the need to keep records
4. Dinforms management decisions

1. Aa fall in the rate of interest
2. Borders that cannot be met
3. Can increase in the company tax bill
4. Dthe loss of limited liability

Answer this when you sit the paper.

1. Aowned by the state
2. Bfinanced by selling shares to the public
3. Crun to make the largest possible profit
4. Dregistered with the Registrar of Companies

1. Aprovide a service to the community
2. Bincrease the value of its shares
3. Cavoid paying taxation
4. Dmaximise shareholder returns

1. Abuilding a second factory
2. Bmaximum market share
3. Cthe largest possible dividend
4. Dsurvival

1. Acorporate social responsibility
2. Bmaximising returns to shareholders
3. Cgrowth in market share
4. Dprofit maximisation

1. Afinancial plan
2. Bexecutive summary
3. Cmarketing plan
4. Doperations plan

1. Acash flow for the first year
2. Btarget market and pricing
3. Cmachinery and premises
4. Ddirectors and their experience

1. Afreedom from all company taxation
2. Blimited liability for the owner
3. Cthe right to sell shares to the public
4. Dan exemption from keeping accounts

1. Apays no tax on its profits
2. Bmay sell shares on the stock exchange
3. Cneed not keep any accounts
4. Dcontinues after the owner dies

1. Aborrow without paying interest
2. Bsell shares to family and friends
3. Ckeep its profits free of tax
4. Dadvertise shares to the public

1. Alow sales and heavy promotion
2. Bits highest sales of the whole cycle
3. Cfalling sales and no advertising
4. Dsteady sales and no competitors

1. Astopping all promotion
2. Badding new features to the model
3. Ccutting the handset quality
4. Dwithdrawing the model at once

1. Ait applies only to services sold abroad
2. Bstage lengths are hard to predict
3. Cevery stage lasts exactly one year
4. Dit cannot be shown on a graph

Answer this when you sit the paper.

1. Amass advertising
2. Bbatch discounting
3. Cquality circles
4. Dcredit control

Answer this when you sit the paper.

1. A18.3%
2. B22.9%
3. C37.5%
4. D46.9%

1. Alimited by the funds available
2. Braised to whatever level is wanted
3. Cfixed by the government
4. Dset equal to gross profit

1. Anewspaper coupons for buyers
2. Bbillboards on main roads
3. Cpersonal selling and trade fairs
4. Dtelevision advertising at peak times

1. Acover the cost of raw materials
2. Bpay a higher rate of company tax
3. Creduce the wages bill of the firm
4. Dmatch what rivals are spending

1. Afixes the prices of rivals
2. Bremoves the need for staff
3. Creaches overseas buyers cheaply
4. Dguarantees an order per visit

1. Aremove the need for delivery
2. Breplace the finance department
3. Cprevent rivals from competing
4. Dshow detailed specifications

1. Awants inspection and negotiation
2. Bpays only in foreign currency
3. Ccannot read a computer screen
4. Dis not allowed to use the internet

1. Aset the selling price
2. Breplace the sales ledger
3. Cguarantee repeat orders
4. Dshow what visitors look at