Mock kirp 2

Question 1

Recruitment process

Answer 1

• Identifying a vacancy (or a need to replace somebody)
• Creating a job description
• Advertising the job (within the business or externally)
• Shortlisting applicants
• Interviews and assessments
• Appoint or readvertise

Question 2

Pros and cons of a joint venture

Answer 2

• Shared resources and knowledge
• New market access
• Loss of control
• Culture clash

Question 3

Critical path analysis

Answer 3

A project management tool used to identify the order of tasks that determine the minimum time needed to complete a project.

• Helps allocate resources
• Increases efficiency
• Based on predictions
• Doesn’t account for external factors

Question 4

Too high capacity utilisation means..

Answer 4

• Not much flexibility in the business, inability to adapt to changes
• Can lead to burnout for employees, meaning lower quality products

Question 5

Too low capacity utilisation means..

Answer 5

• Higher cost per unit as resources aren’t being used (staff have nothing to do, idle machinery, many empty seats at a stadium) NOT EFFICIENT, WASTED RESOURCES