2. People in business
A section of Business Studies, 7115
Listing 10 of 54 questions
JKL uses job production to make clocks. JKL buys all its raw materials locally and exports 60% of its products. The business has high fixed costs. JKL has 30 skilled employees. Many of them work part-time and delegation is encouraged. All workers receive an email from management every day to keep them informed about production issues. The Human Resources Director said: ‘I think it is more cost-effective to try to retain our existing workers rather than to recruit new employees.’ The Director wants to reduce barriers to communication, as he knows effective communication is important to help JKL meet its objectives. Identify two reasons for a business having objectives. Reason 1: Reason 2: Identify two fixed costs for JKL. Cost 1: Cost 2: Identify and explain one advantage and one disadvantage to JKL of using job production. Advantage: Explanation: Disadvantage: Explanation: 1 1 Identify two possible barriers to communication for JKL. For each barrier, explain how JKL could reduce or remove it. Barrier 1: How to reduce or remove it: Barrier 2: How to reduce or remove it: Do you agree that it is better for JKL to try to retain existing workers rather than recruit new employees? Justify your answer. 1 1
7115_s18_qp_12
THEORY
2018
Paper 1, Variant 2
View
Emir is the Production manager at a large food production factory. He wants to lower average cost to help the business remain competitive. All workers are paid using time rate. Emir believes that good internal communication is important. The company has decided to stop importing raw materials as this causes a lot of problems. Emir must choose a suitable method of communication to tell the overseas suppliers of his decision. What is meant by ‘internal communication’? Identify two suitable methods of communication Emir could use to tell the overseas suppliers of his decision to stop importing raw materials. Method 1: Method 2: Identify and explain two payment methods for workers that this business could use (other than time rate). Method 1: Explanation: Method 2: Explanation: Identify and explain two possible problems of importing raw materials for this food production business. Problem 1: Explanation: Problem 2: Explanation: Explain two ways in which the Production manager could reduce average cost. Recommend which way should be used. Justify your answer. Way 1: Way 2: Recommendation:
7115_s13_qp_12
THEORY
2013
Paper 1, Variant 2
View
ATC is a very large exporting company with many offices throughout the world. The top management know that effective communication is vital in such a large business. Recently the management held a meeting to consider the ways communication operates in the business. Discussion focused on the ideas of one-way communication and communication feedback. What is meant by communication feedback? Identify two business situations in which one-way communication would be suitable. Situation 1: Situation 2: Identify and explain two ways in which information technology has affected how a business communicates with its stakeholders. Way 1: Explanation: Way 2: Explanation: ATC employs 10 000 staff throughout the world. Identify and explain three benefits that ATC might gain from delegating decision-making to its staff around the world. Benefit 1: Explanation: Benefit 2: Explanation: Benefit 3: Explanation: ATC has a policy of recruiting staff for the senior jobs from within the business. It is changing its policy so that external recruitment will be used to recruit senior staff in the future. Do you think that the change will benefit ATC? Justify your answer.
7115_w10_qp_11
THEORY
2010
Paper 1, Variant 1
View
BGR is a private limited company. It operates 6 cinemas in different towns. Effective internal communication is important for BGR. The Finance Director has been analysing BGR’s accounts and an extract is shown in Table 4.1. BGR plans to open another cinema and will need to recruit 10 new employees. The new cinema will cost $8m. The Finance Director has to decide whether BGR should issue new shares or use a bank loan to finance the expansion. Table 4.1 Extract from BGR’s Income statement for year ending 2020 ($000’s) X Revenue Cost of sales Gross profit Y Expenses Profit Define ‘cost of sales’. Calculate X and Y. X: Y: Identify four stages of the recruitment process. Stage 1: Stage 2: Stage 3: Stage 4: 1 2 Explain two reasons why effective communication might be important to BGR. Reason 1: Explanation: Reason 2: Explanation: Do you think issuing new shares is a better way for a limited company to finance expansion than using a bank loan? Justify your answer. 1 2
7115_w21_qp_11
THEORY
2021
Paper 1, Variant 1
View
Questions Discovered
54