1. ‘Theterm ‘meodularization’ refers to the (A) fast stage of product development (G) sharing of common date and J designing of products in sections D) emai scale production for ® ical and clectronic 2, ‘The (ype Of Forecast that projects company’s sales over a period of ie can be classified ae WG) demand 3) technical 3. The term *Labourtumover’ may BEST be defined as the $ GS) recruitment and selection of workers (@) numberof workers who enter a firm ©) ateofredundancyin sn erganisation ©) te at which workers enter and leave an organization Which of the following techniques would improve quality in a business without directly involving the basiness" employees? (@) Kaisen @) Outsourcing ) Quality circles (3). Research and Development ‘he term ‘productivity*is BEST defined as the G2) evel of ouput of goods (3) amount of goods manufactured CG) tale of production of yews in tien CD) ratio oF the scale of proxtuction 1a a level of input MOB, ao! t Which of the following is « disadvantage of job production? (A) Labour costs will be high if production is labour intensive: @) Workers tend to be less motivated bocause of repetition of work. () Its not possible to offer a wide variety of goods to me consumers needs. ©) There will be high loves of stock in the form of eniinished goods teach stage of the process. By introducing a new design in an effort {to ake a product more efficicat while ‘maintainingor increasingeoasumer appeal, ‘a manufrctorer is actually adding rn cost ©) valve (OD. viabitity ©) competition Which of the following is the MOST _apprepriate method formensuring efficiency ofpeedoctioninacspitalintensiveindustry? ‘Which of the following are advantages of 1 Just-in-Time Production System? L. Betier work flow Reduced inventory and setup time 1 Quick responses to changes ia ‘demand @) band tt onty B) band Mt only &) Wand Ill only CO) katanaWh oe towing St th Apne mens yxy to sat ote ay mae MST cigs MN yn GA) rhe ate fiat srs (4) tree peo ©) Cohae (5) Reker enpcttins © eae ©) Facto, e211 res he menor sng ais — =O 52 Ye fe lig te MOST mri mt er mang sy pos SS (4) st min Serco © pammeoe (0) Oantpecene 2M of te towing ein th Th te ata ep egy sctekursecegroppecstbailins eye nate ene ay samme eee Se aol lth dey sees (ook mata {Conn see 9 grton io) hea eeie © dacmnsly S aera SD srriaion o Se rete? 16 A samen ofthe popuatien sect ‘spe popncene a 1A) Reliability ee >) tay A) scene 10) Aa wy loey 0) Comtemae © seme ©) swerperiment7 18. 0 v, ‘cing a percentage of profits to the total east. = {ollowing the pricing strategies of the market leader hanging more than competitors for ‘status product reducing the price of product to ‘tract customers Which of thie following is NOT" ety Of a service? a “ oe 6) ‘The collection of businesses and products held by a company is known as (x) strategic planning (B) _postfolin analyses (4 business portfolio. ©) A stratexic business unit Wien 1 business ss very low priees, which of the following pricing objectives 1s 1 secking toachieve? @ @B) ao Qe) Husiness survival Market share leadership Prvlict quatity leadership Dott axanizatins 2 OD Differentiating its product or service G) nfooming stout its products at services ©) Stimataing demand forks products So ©) Informing, about competitors? Products and services ‘The pricing method that uses the buyer's Point of view regarding the worth Of a product is called ws @) a &) lem24 refers tothe following diagram of 1 Product Life Cyele. ‘What stage of the product is indicated by my w @) © oO Growin Decline Maturity Introduetion2». ‘Whi of the ‘ PR te Btwn wits te the type of sampling whereby every member of the popuation tas 8 known ‘France of selection éscaled QO prcbattiy pings (_nonenon sping X33 comverience sampling 75m pbiiy sorption Q) Reiter (@) Disitetor () Whokester © cm @ See { Goent S hecheee ‘whieh of the following is NOT + Chelation ascent entepeence! g High emg fret ewe of hc 2 reer oes of comer ) lermoeforembiasity ‘Sealife tmxarconparizcdassohetenders Sey tic cit wo acces eh ned ‘peal mainly booms QD toy do oc ave fried abi Gos heewodeore aly nef GS ty do noctheep acount recor (©) estos pret to poche yo Wich of the Following Sooments of ‘at benenn would beofGREATEST ‘crest to comerecial bank? Q) Valance Sheet Gener Sournat Ge) Income Satement SD) Cashflow Stement GOON TO THE NET PAGE3. ‘One primary risk associated with bonds is investment ©) interest rate <) loan payment insurance premium ‘The Intellectual Property Rights provision that covers areas relating to musical pieoco 39, and technical drawing is called e& @ a a a Patents represent 2 stratagic asset to a business by A) protecting an innovative new product @) advertising an innovative new product ©) raucing the cost of an innovative ‘new product ©) allowing another business to copy an innovative new product ‘htems39-40 refer to the following scenario, cxtaaeidin dood Sty remem mini-mart and finally has the necessary finances. However, she is undecided whether t start her own or purchase an existing one which is for sale in her town. ‘One MOST likely advantage to Shelly of buying the existing business is that it (@) requires less finance (@ has existing customers ) willbe more profitable ®) will be easier to manage ‘Onc risk that Shelly might encounter is @) shorter start-up time @)__poor reputation of the business (©) the need to register the business Q) existing structure of the business By conducting sales forecasting, m ‘entrepreneur is seeking to determine Gx) hhowmmuch ofa peoduct will be sold (GB) howsuccessfil the business will be ©) _ if there is sufficient demand fora Product ©) © if the product among the users be popular(Peraions, she realises that she docs not ‘ave sulicent cash topay hertwo workers. 42, The scenario above ilustrates » SA) high gearing position . (®) towemc of suck ane <9) fow return on investment ©) working capital deficiency ‘S-The BEST way for Mrs Chang to improve her situation isto (A) seek a bank overdaft ©) morgage the restaurant building SQ soll shares on the stock exchange © approach a bank for w Fang term loan END OF Tesr TPYOU FINISH BEFORE TIME Is ¢, ‘ems 42-43 refer tothe following scenario. Mex Chang tas recently opened a simall tssturant. At the end ofthe fet eck of 44, {The MAIN benefit of e-commerce to the ‘entreprencur is access to-a larger market ® higher levels of profitability $<) reduction in production costs ©) improvement in product quality Which ofthe following isan ADVANTAGE ofa franchise agreement to a franchisee? 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