Business Enterprise Skills Paper 1 November 2021

1. Aa state marketing board
2. Bthe price mechanism
3. Ca national development plan
4. Da central planning authority

1. Amatrix structure
2. Bflat structure
3. Cline structure
4. Ddivisional structure

1. Athe Companies Act
2. Bthe Factories and Works Act
3. Cthe Consumer Protection Act
4. Dthe Labour Act

Answer this when you sit the paper.

1. Athe Registrar of Companies
2. Bthe Partnership Act
3. Cthe terms set by their bank
4. Dthe senior partner alone

1. Ato record daily receipts and payments
2. Bto attract finance and guide decisions
3. Cto replace the audited annual accounts
4. Dto fix the selling price of the product

1. Aimmunity from labour disputes
2. Bcustomer trust and loyalty
3. Can exemption from paying tax
4. Da lower rate of interest on loans

1. Alosing its trading licence
2. Bpaying no tax on its profits
3. Chigher costs in the short run
4. Da permanent fall in customer demand

1. Ainsurance on the vans
2. Bbuying a delivery van
3. Cwages paid to the drivers
4. Dfuel used by the vans

1. Arevenue expenditure
2. Bcapital expenditure
3. Ca non-current asset
4. Da reduction in capital

Answer this when you sit the paper.

1. A$11 200
2. B$14 400
3. C$16 800
4. D$21 000

1. Alevels of the hierarchy
2. Bfactors of production
3. Cfunctions of management
4. Dstages of a business plan

1. Aperformance of the job holder
2. Boutput produced each shift
3. Cwages paid by rival firms
4. Dworth of the job to the firm

1. Aignores individual performance
2. Bmust be repeated every month
3. Cremoves the need for job descriptions
4. Dcannot be applied to office work

1. Aremoves the need for suppliers
2. Bfrees the capital tied up in stock
3. Craises the price charged to buyers
4. Dguarantees that quality will improve

1. Aless capital has to be invested
2. Bworkers need no training at all
3. Coutput per period rises
4. Dfewer machines need servicing

1. Arepeat each operation exactly
2. Bcan be operated without power
3. Cchoose the cheapest materials
4. Dneed no maintenance at all

1. Afixing the price of every good
2. Bbanning imports from members
3. Cguaranteeing a subsidy on each export
4. Dremoving tariffs between members

1. Aloss of the right to export
2. Bhigher tariffs on its raw materials
3. Cstronger competition from imports
4. Da smaller market for its goods

1. Akeeping proper records
2. Bbargaining collectively
3. Ccontrolling quality
4. Dspotting an opportunity

1. Aspecialisation
2. Bdelegation
3. Crisk taking
4. Dbudgeting

1. Athe path authority follows down
2. Bthe profit each department earns
3. Cthe number of workers on a shift
4. Dthe wages paid at each grade

1. Anumber of levels above his post
2. Btotal wage bill of his section
3. Crange of products his firm sells
4. Dnumber of staff he supervises

1. Alimited liability for all debts
2. Ba separate legal identity
3. Cfreedom from income tax
4. Dmore capital and shared risk

1. Aliability becomes limited
2. Bcapital becomes harder to raise
3. Cprofits must be shared
4. Dthe accounts must be audited

1. Apartners act as agents of the firm
2. Bliability is limited by shares
3. Cthe firm is a separate legal person
4. Dthe Companies Act requires it

1. Aa lower rate of interest
2. Bfreedom from repayment
3. Ca permanent source of funds
4. Dfull ownership and control

1. Aa permanent claim on the firm
2. Bfixed by the shareholders
3. Can allowable expense for tax
4. Dpaid only when profits are made

1. Acontrol passes to outside investors
2. Brepayments fall due in a bad year
3. Cprofits must be shared more widely
4. Dthe firm loses its trading name

1. Aregister under the Companies Act
2. Bgive up their trading licences
3. Cpay off all their trade creditors
4. Dsell shares on the stock exchange

1. Aobservation of buyers in a shop
2. Ba government statistics bulletin
3. Cthe firm's own past sales records
4. Da published market report

Answer this when you sit the paper.

1. Avalue addition
2. Bstock rotation
3. Cbulk breaking
4. Dprice skimming

1. Aonly after it has been exported
2. Binto a cheaper substitute good
3. Cat the port where it is shipped
4. Dlocally before it is exported

Answer this when you sit the paper.

1. A20 chickens
2. B33 chickens
3. C50 chickens
4. D100 chickens

Answer this when you sit the paper.

Answer this when you sit the paper.

1. Apaying corporate tax
2. Bearning foreign currency
3. Cfunding public services
4. Dcreating employment

1. Ashortage of customers
2. Bshortage of finance
3. Can oversupply of skilled staff
4. Dtoo much government support

1. Atraining their senior managers
2. Bacting as their suppliers
3. Csetting the prices they charge
4. Dauditing their annual accounts

1. Areduce its storage and handling costs
2. Braise the value of its fixed assets
3. Cavoid having to pay its suppliers
4. Dcover late deliveries

1. Araises the selling price
2. Bties up working capital
3. Creduces the gross profit margin
4. Dincreases the wages of buyers

1. Aat full capacity at all times
2. Bonly once a year, in season
3. Cat a low level, since it spoils
4. Din bulk, so as to gain a discount