In October 2013 Blockbuster, the DVD and computer games retail chain, became the latest business failure and closed all of its stores.
A.
A an increase in Blockbuster’s cash flow
B.
an increase in online sales of DVDs
C.
a decrease in supermarkets selling DVDs
D.
a decrease in Blockbuster’s labour costs
2.
The City Council of Kingston in New York decided to use a zero-based budgeting system for the first time for the financial year 2014–2015. Zero budgeting is most likely to be
A.
efficient in allocating resources
B.
a quick method of budgeting
C.
produced by an accountant
D.
based on previous data
3.
Malcolm Walker, CEO of Iceland Foods, refers to himself as a ‘caring dictator’ and has created a culture where all employee opinions are listened to. Which one of the following leadership styles would most apply to Malcolm?
A.
Laissez-faire
B.
Democratic
C.
Autocratic
D.
Paternalistic
4.
After a very successful year in 2013, the Union Cabinet of India gave all of its railway employees an extra Rs 8 975, equivalent to 78 days’ wages. This payment can be best described as
A.
performance related pay
B.
job enrichment
C.
piecework
D.
a bonus
5.
Jaguar Land Rover operates Just in time (JIT) in all its assembly plants. This is most likely to result in
