- All Exams Instant Download
Which of the following would be / should be subject to health and safety legislation?
Which of the following would be / should be subject to health and safety legislation?A . All of themB . Smoking cigarettes inside offices, factories and other buildingsC . The manual lifting of heavy objectsD . Floors, passages and stairs should be properly constructed, maintained and kept clearE . The...
Because of the need for frequent or semi-frequent uses of competition, public sector buyers are less likely to find themselves in a close partnership arrangement with a supplier than private sector buyers. True or false?
Because of the need for frequent or semi-frequent uses of competition, public sector buyers are less likely to find themselves in a close partnership arrangement with a supplier than private sector buyers. True or false?A . FalseB . TrueView AnswerAnswer: B Explanation: This is true.
Which of the following is least risky from the buyer’s viewpoint?
Which of the following is least risky from the buyer’s viewpoint?A . Payment on deliveryB . Payment of 50% at time of order; with balance to be paid 90 days after deliveryC . Payment in full at time of orderD . Payment 60 days after deliveryView AnswerAnswer: D Explanation: Payment...
Which economic and management thinker famously promoted this view?
‘The social responsibility of business is profit maximisation’ - focusing on returns to shareholders. This is a famous business philosophy - in contrast to a philosophy of Corporate Social Responsibility as expounded by CIPS. Which economic and management thinker famously promoted this view?A . John MiltonB . Milton FriedmanC ....
The Kyoto Agreement is about:
The Kyoto Agreement is about:A . Shipping freight ratesB . Climate changeC . Whale protectionD . Fishing rightsView AnswerAnswer: B Explanation: It is about climate change. The other answers are simply made up.
The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:
The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:A . Corporate IdentityB . Corporate Social ResponsibilityC . Corporate ManslaughterD . Corporate GovernanceView AnswerAnswer: D Explanation: Corporate Governance. Not to be confused with CSR....
Which of the following might result from increased costs of production (especially wages) without increased demand, so that producers have to increase their prices to maintain profitability?
Which of the following might result from increased costs of production (especially wages) without increased demand, so that producers have to increase their prices to maintain profitability?A . Demand-pull inflationB . Cost-push inflationC . Monetary inflationD . StagflationView AnswerAnswer: B Explanation: Inflation, in this case, is created by the increased...
‘The value of a commodity or service measured in terms of the standard monetary unit’ describes:
‘The value of a commodity or service measured in terms of the standard monetary unit’ describes:A . Value for moneyB . PriceC . Value addedD . CostView AnswerAnswer: B Explanation: The definition shown refers to the word 'price'. The price is what someone will pay for something - the extent...
Sources of finance for a public sector entity are primarily (select one):
Sources of finance for a public sector entity are primarily (select one):A . Sales revenuesB . TaxpayersC . Long-term bank loansD . Delaying payments to suppliersView AnswerAnswer: B Explanation: The correct answer is 'taxpayers'. On occasion, part of a public sector organisation may make sales which will generate revenue. In...
‘A - - - - - - - - is a price in which the supplier and buyer agree that the supplier can charge a price based on actual costs incurred, plus a margin for profit’.
‘A - - - - - - - - is a price in which the supplier and buyer agree that the supplier can charge a price based on actual costs incurred, plus a margin for profit’.A . A whole life costB . A target cost incentive priceC . A fixed...
