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Can You Pass A Year 12 Business Studies Exam?

if you can pass this u da bomb

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  1. What is the accounting equation

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    assets-liabilities=owners equity
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    assets+owners equity=liabilities
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    assets=liabilities+owners equity
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    assets+liabilities=owners equity
  2. What is the main reason for a business using penetration pricing?

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    to maximise profit per unit
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    to gain short-term market share
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    to develop a reputation for quality
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    to take advantage of a lack of competition
  3. a business uses factoring to pay creditors, which financial objective is the business trying to achieve?

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    efficiency
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    liquidity
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    profitability
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    solvency
  4. what are the 4Vs

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    variety, vacancies, visibility, volume
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    variety, volume, variation, viability
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    variety, volume, visibility, variation in demand
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    viral, vibes, velocity, virgin
  5. what is cost leadership?

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    aiming to have the lowest costs or to be the most price-competitive in the market
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    lower the costs of producing each individual unit
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    saving money
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    cost savings and increased efficiency that occurs when a company increases the size of its operations
  6. what is negotiation?

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    Confidential discussion of issues in non-threatening environment – in presence of neutral, objective 3rd party
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    discussion between parties result in a compromise and an agreement
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    involving courts and tribunals
  7. What are 2 examples of overt industrial actions?

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    Strike, absenteeism
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    sabotage, strike
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    picket, work to rule
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    staff turnover, lockout
  8. What is found on the income statement?

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    assets and liabilities
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    sales, cost of goods
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    owners equity and assets
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    gross profit and mortgage
  9. what is the most likely impact of a recession on human resources?

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    increase is wages
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    increase in overtime
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    decrease in involuntary seperation
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    decrease in employee bargaining power
  10. which of the following is an example of legal compliance for a sports store?

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    paying taxes on time
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    offsetting carbon emissions
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    induction of new employees
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    paying dividends to shareholders
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