Business Studies - Business Report

Section I
20 marks

1. AZ Constructions PTY is in the process of developing a new enterprise agreement for their employees. The employer is unwilling to involve the union in the process.

Which of the following internal stakeholders would be disadvantaged by the process?

1. Employees
2. AZ Construction Pty
3. Master Builders Association
4. The Construction, Forestry, Maritime, Mining and Energy Union (CFMEU)

2. Which of the following is an example of industrial action undertaken by employees?

1. Lockout
2. Partial stand downs
3. Exclusion from decision making
4. Limiting the number of hours available for overtime

3. There has been a steady increase in the number of workers employed as casuals.
This trend is most likely to result in

1. increased job security.
2. diminished job security for workers.
3. increased loyalty to businesses.
4. more promotion opportunities.

4. Natural Fruit Bars have marketed their products as the natural alternative for school lunch boxes. The ingredients table show that the sugar content is 25% higher than the average school snack.

Which of the following would best describe the conduct of Natural Fruit Bars?

1. Sugging
2. Price fixing
3. Deceptive advertising
4. Bad taste in advertising

5. A business has developed a range of colourful school stationary for children aged 6-14 years. Market research has shown that these products were also purchased as gifts.

Which of the following could be considered a secondary target market?

1. Girls aged 10
2. Grandparents
3. Office workers
4. Newborn babies

6. The main advantage of global sourcing is that the business can

1. access new technology.
2. relocate operations overseas.
3. change in the cost of logistics.
4. exchange rate fluctuations.

7. The purchase of stock has steadily increased over the past 12 months. A business employs a First in First Out (FIFO) approach to managing inventory.
What is the most likely impact on the balance sheet for this business?

1. Improved cashflow
2. Increased gross profit margins
3. Increased value of current assets
4. Increased value of accounts receivables

8. A car manufacturer has released a new range of cars designed for inner city living. Each model comes in a standard, mid-range and premium version with varying prices associated with each model.
Which strategy is being used by the car manufacturer?

1. Branding
2. Price points
3. Advertising
4. Personal selling

9. Covid-19 has seen an emergence of workers successfully working from home.
The change in work patterns has been influenced by which of the following?

1. Globalisation
2. Technology
3. Aging workforce
4. Gender

10. The NSW government has announced plans to improve transport and extended the Metro line. The new Metro station will be located next to a large shopping centre.
Lease holders in the shopping centre will see this announcement as which of the following?

1. Threat
2. Strength
3. Opportunity
4. Weakness

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11. A business believes it can maintain a competitive advantage by making sure stock is always available.
Which strategy would best help achieve this goal?

1. Last-in-first-out
2. First-in-first-out
3. Warehousing
4. E-commerce

12. A business is finding it difficult to keep up to date with changes in legislation regarding the workplace.
Which of the following strategies would assist the business in this situation?

1. Becoming a member of an employer association
2. Banning union representatives from the workplace
3. Becoming a member of the trade union
4. Increasing the number of casual employees

13. In response to a decline in global sales a business has decided to implement change management strategies through restructuring its workforce.
Which strategy could the business employ to assist in its change management?

1. Make workers redundant
2. Use change agents
3. Replace permanent employees with casuals
4. Increase the purchase of new equipment and technology

14. A business has recorded the original purchase price of machinery and research and development on its balance sheet as a non-current asset.
Which limitations of financial reporting are evident?

1. Valuing assets and normalised earnings
2. Timing issues and capitalising expenses
3. Valuing assets and capitalising expenses
4. Timing issues and normalised earnings

15. A business is raising funds to purchase new equipment to increase efficiencies in its operations.
Which key business functions are involved in this strategy?

1. Finance and operations
2. Marketing and operations
3. Finance and marketing
4. Marketing and human resources

16. Which of the following shows the non-current liabilities and liquidity ratio for 2020?

17. Which of the following best describe the change in both liquidity and gearing?

18. A public company is looking to raise funds to purchase new equipment but does not want to expose its assets in the process.
Which type of finance would best suit the business?

1. Mortgage
2. Debentures
3. Unsecured notes
4. Factoring

19. Which of the following best describe the change in both profitability and efficiency?

20. The efficiency (sales ÷ accounts receivables) for this business in 2021 indicates that the business is

1. worse than the industry average and has improved since 2020.
2. worse than the industry average and has worsened since 2020.
3. better than the industry average and has improved since 2020.
4. better than the industry average and has worsened since 2020.