Business Studies Paper 1 June 2019

1. AObjectives are fixed permanently once written down at the start of the year.
2. BOnly senior managers are consulted when new objectives are being set.
3. CResource needs are ignored once the objectives have been agreed upon.
4. DObjectives are reviewed periodically, with staff involved in setting them.

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1. AIt is generally quicker and cheaper to gather than secondary data would be.
2. BIt tends to be historic and may no longer suit the current purpose at hand.
3. CIt is first-hand information collected specifically for this research.
4. DIt is second-hand information originally gathered for a different, earlier purpose entirely.

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1. ALeadership minimises risk, while management sets challenging goals and takes bigger risks.
2. BLeadership rests on personal power to motivate people; management rests on formal position power.
3. CLeadership and management are simply two different job titles for the exact same set of skills and authority.
4. DLeadership focuses on maintaining stability, while management drives change within the firm.

1. AIt guarantees that trained employees will never leave for a better-paying job elsewhere.
2. BIt has no cost implications for the organisation funding the programme.
3. CIt can reduce the number of work-related accidents by giving staff relevant skills.
4. DIt removes any disruption to normal work while the training is taking place.

1. AIt records every single cash inflow and outflow that occurred during the year.
2. BIt is only a snapshot at one point in time and does not show cash flow.
3. CIt shows the exact, up-to-date market value of every asset the business owns.
4. DIt clearly reveals exactly how motivated the current workforce happens to be.

1. AIncreasing the volume of idle stock held in the warehouse.
2. BOffering customers longer credit terms to encourage more sales.
3. CExtending the average time taken to collect payment from debtors.
4. DReducing the average time taken to collect payment from debtors.

1. AIt avoids diluting existing shareholders' ownership, since no shares are sold.
2. BIt permanently increases the business's total liabilities with no repayment obligation at all.
3. CIt gives the lenders voting rights over how the business is run day to day.
4. DInterest paid on the loan cannot be deducted for tax purposes at all.

1. Aassess the bank's liquidity and its ability to pay dividends.
2. Bdetermine the exact individual salaries paid to each member of staff.
3. Cgain direct voting control over the bank's day-to-day operations.
4. Davoid paying any tax on the dividend income they receive.

1. AIt is not affected by extreme, unusually high or low values.
2. BIt always takes every single value in the data set fully into account.
3. CIt is guaranteed to always give only one clear result for any data set.
4. DIt requires complex calculations that only trained statisticians could do.

1. AIt removes any need for electricity or ongoing maintenance spending.
2. BIt allows fast, accurate processing of large data volumes.
3. CIt makes the accounting system completely immune to computer viruses.
4. DIt has a lower initial cost than keeping accounts by hand on paper.

1. AIts nearness to sources of raw materials and to its target market.
2. BThe specific design chosen for the company's very first logo.
3. CThe particular colour scheme used in the company's marketing brochures.
4. DThe number of ordinary shares issued to the founding directors of the company.

1. AReducing the volume of shoes the factory produces each month.
2. BIncreasing the number of idle, unused assets the business holds.
3. CRenting out excess factory space not currently being used.
4. DBuying additional factory space and then leaving it unused for now.

1. AIt functions well without needing any commitment from management at all.
2. BIt can never possibly lead to worker fatigue or exhaustion.
3. CIt can improve work flow and the use of space and equipment.
4. DIt has absolutely no effect on employee performance or productivity at all.

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1. AThe specific depreciation method used for the office furniture at head office.
2. BThe precise length of the managing director's personal employment contract.
3. CThe trade union recognition agreement covering the factory's machine operators in the plant.
4. DConsumer income levels and the prices charged by competing substitutes.

1. AConsumer protection laws governing the accuracy of product labels.
2. BHealth and safety laws requiring protective clothing and equipment.
3. CEnvironmental laws limiting the emissions a factory releases into rivers.
4. DCompetition laws that prevent businesses from forming monopolistic mergers.