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BTF > additional q > Flashcards

additional q Flashcards

1
Q

What kind of competitors offer distinctly different products that satisfy the same need

A

form competitors

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2
Q

PESTLE analyses businessesq

A

external environment

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3
Q

Five faces analysis analyses businesses

A

external environment

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4
Q

The BCG matrix analyses busineses

A

internal environment

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5
Q

The Value chain analyses businesses

A

internal environmetn

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6
Q

the product life cycle analyses businesses

A

internal environment

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7
Q

What kind of decision
concerns the scope of business’s activities

A

Strategic

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8
Q

What kind of decision
will have implications for operational decisions

A

Strategic

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9
Q

What kind of decision
concerns allocation of resources

A

Strategic

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10
Q

What kind of decision
Concerns competitive tacts

A

Tactical

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11
Q

If a company is large, this should ? facilitate decentralisation

A

facilitate

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12
Q

What kind of disadvantages do private limited companies have

A

publicity disadvantages

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13
Q

CATIVA

A

Complete
Accurate
Timely
Inalterability
Verifiability
Assessability

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14
Q

A system that aims to increase the productivity of data and information workers is

A

an office automation system

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15
Q

COSO Five integrated components of internal control

A

control environment
risk assessment
control activities
information and communication
monitoring activities

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16
Q

What is compiled big data

A

collected by third party and accessed by a business

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17
Q

What is covered by complaints and disciplinary procedures of professional standards departmetns

A

complaints about breach of regs, departure from guidance and bringing ICAEW into disrepute

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18
Q

Dual board structure - supervisory board elected by

A

SH and employees

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19
Q

plc membership of nomination committee

A

> 50% Independent NED

20
Q

if products are complements, a rise in the price of one will

A

decrease demand for the other

21
Q

if goods are complements, X - Elasticity of demand is

A

negative

22
Q

homogeneous product and small number of competitors suggests

A

oligopoly

23
Q

CMA will look into

A

competition and regulation

24
Q

What elements of marketing mix only apply to marketing services

A

people
process
physical evidence

25
Q

advantage of trading as limited company

A

transferability of interest - can sell shares

26
Q

What kind of business must have a written consittution

A

limited company

27
Q

What business can give floating charge

A

company

28
Q

in what organisation can owners withdraw capital

A

partnership

29
Q

How many Wates principles are there

A

6

30
Q

Is the following a Wates prniciple
purpose and leadership

A

Yes

31
Q

Is the following a Wates principle
board competition

A

Yes

32
Q

Is the following a Wates principle

Director responsibilities

A

Yes

33
Q

Is the following a Wates principle
opportunity and risk

A

Yes

34
Q

Is the following a Wates principle

remuneeration

A

Yes

35
Q

Is the following a Wates principle
stakeholder relationships and engagement

A

Yes

36
Q

What are the Wates principles

A

voluntary code for large private companies

37
Q

An NED who has worked as an employee may be independent if the period of employment finished at least

A

5 years ago

38
Q

collusion can lead to a fine of up to

A

10% annual worldwide revenues

39
Q

Anti monopoly legislation promotes

A

competition

40
Q

market regulation compensates for

A

a lack of competition

41
Q

what is a type two error

A

hypothesis accepted when it is wrong

42
Q

What is a type one error

A

rejecting a hypothesis when it is correct

43
Q

T/F
Data science deals with analysing and interpreting data rather than how it is collected

A

false

44
Q

T/F
one objective of data science is to extract value from data

A

True

45
Q

to be both good quality and valuable, data must be

A

relevant

BTF (14 decks)

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