Posted on 1 Oct 2019

Let's See If You Can Score At Least 50% On This Year 12 Business Studies Exam

My brain already hurts.

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In which aspect of a business does continuous improvement occur?

Quality assurance

Legal compliance

Just-in-time management

Total quality management
A sole trader invests $500,000 into her business. What is this
an example of?

An overdraft

Retained profits

Internal debt finance

Internal equity finance
Sarah works 40 hours per week. Her contract entitles her to sick leave, paid annual leave and superannuation. What type of employment is this?

Casual full-time

Casual part-time

Permanent full-time

Permanent part-time
Which approach is being used when a business creates a focus group to evaluate a product?

Marketing

Production

Selling

Standardisation
Which of the following actions is an example of corporate social responsibility?

Sponsoring a sporting event

Opening a manufacturing plant

Introducing a community health program

Paying compensation for a work-related injury
The expense ratio (total expenses ÷ sales) is always:

The difference between the net profit ratio and the gross profit ratio

The difference between the net profit ratio and the gross profit ratio

The difference between sales and the gross profit ratio

Greater than the gross profit ratio

Greater than the net profit ratio
Solvency is the ability of a business to:

Maximise its profits

Increase its market share

Meet its long-term financial commitments

Meets its short-term financial commitments
Which of the following is an example of a unit trust?

An investor purchases shares in a public company

Investors lend money directly to businesses and receive interest in return

Investors lend money directly to businesses and receive interest in return

Investors pool their money together and it is invested in the property market

Investors pool their money together and it is invested in the property market

An investor deposits money with a financial institution and receives a fixed rate of interest

An investor deposits money with a financial institution and receives a fixed rate of interest
Ruth observed that a work colleague was stealing and reported the theft to her supervisor. As a result, Ruth's employment was terminated. What is this an example of?

Performance management

Redundancy

Retrenchment

Unfair dismissal
A business plans to increase its stock to be ready for the grand opening of five new stores. This shows the interdependence between which business functions?

Operations and finance

Operations and marketing

Finance and human resources

Human resources and marketing
Customers at a furniture store are asked to give their postcodes at the checkout. What is this an example of?

Primary research to determine target market

Secondary research to determine target market

Primary research to determine product life cycle

Secondary research to determine product life cycle
What is a characteristic of external equity finance?

Specific maturity date

Low interest payments

Fixed returns to owners

Diluted business ownership
Why might a business adopt a standardised global approach to marketing?

To cater for local tastes

To minimise risk by hedging

To increase market segmentation

To take advantage of economies of sale
When pricing a potential job, a plumber considers how long the job will take and how difficult it will be. What pricing method is being used?

Cost-based

Market-based

Customer-based

Competition-based
An entrepreneur uses social media to sell make-up to her friends and acquaintances. What marketing strategy is the entrepreneur using?

E-marketing

Personal selling

Product differentiation

Intensive channel choice
Which of the following are both sources of funds appropriate for a business purchasing extra stock before a busy trading period?

Debentures and factoring

Retained profits and unsecured notes

Debentures and bank overdraft

Retained profits and bank overdraft
A soup manufacturer finds it difficult to cope with the increase in demand for soup in winter. Which performance objective could assist this business to meet the demand?

Cost

Customisation

Dependability

Flexibility
Which of the following lists three examples of transformed resources?

Customers, information, materials

Facilities, information, technology

Customers, human resources, materials

Facilities, human resources, technology
Kim is an independent contractor who cleans a school. Which of the following statements is true regarding Kim's employment?

She is entitled to four weeks annual leave

Her employment is subject to award conditions

She is responsible for paying her own income tax

She is entitled to maternity leave provided by the school

She is entitled to maternity leave provided by the school
Which of the following is an example of legal compliance for a sports store?

Paying taxes on time

Offsetting carbon emissions

Induction of new employees

Paying dividends to shareholders

Questions were taken from previous HSC Business Studies exams, available on the NSW Education Standards Authority website.

Let's See If You Can Score At Least 50% On This Year 12 Business Studies Exam

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