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

22
Q

homogeneous product and small number of competitors suggests

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
advantage of trading as limited company
transferability of interest - can sell shares
26
What kind of business must have a written consittution
limited company
27
What business can give floating charge
company
28
in what organisation can owners withdraw capital
partnership
29
How many Wates principles are there
6
30
Is the following a Wates prniciple purpose and leadership
Yes
31
Is the following a Wates principle board competition
Yes
32
Is the following a Wates principle Director responsibilities
Yes
33
Is the following a Wates principle opportunity and risk
Yes
34
Is the following a Wates principle remuneeration
Yes
35
Is the following a Wates principle stakeholder relationships and engagement
Yes
36
What are the Wates principles
voluntary code for large private companies
37
An NED who has worked as an employee may be independent if the period of employment finished at least
5 years ago
38
collusion can lead to a fine of up to
10% annual worldwide revenues
39
Anti monopoly legislation promotes
competition
40
market regulation compensates for
a lack of competition
41
what is a type two error
hypothesis accepted when it is wrong
42
What is a type one error
rejecting a hypothesis when it is correct
43
T/F Data science deals with analysing and interpreting data rather than how it is collected
false
44
T/F one objective of data science is to extract value from data
True
45
to be both good quality and valuable, data must be
relevant