additional q Flashcards
What kind of competitors offer distinctly different products that satisfy the same need
form competitors
PESTLE analyses businessesq
external environment
Five faces analysis analyses businesses
external environment
The BCG matrix analyses busineses
internal environment
The Value chain analyses businesses
internal environmetn
the product life cycle analyses businesses
internal environment
What kind of decision
concerns the scope of business’s activities
Strategic
What kind of decision
will have implications for operational decisions
Strategic
What kind of decision
concerns allocation of resources
Strategic
What kind of decision
Concerns competitive tacts
Tactical
If a company is large, this should ? facilitate decentralisation
facilitate
What kind of disadvantages do private limited companies have
publicity disadvantages
CATIVA
Complete
Accurate
Timely
Inalterability
Verifiability
Assessability
A system that aims to increase the productivity of data and information workers is
an office automation system
COSO Five integrated components of internal control
control environment
risk assessment
control activities
information and communication
monitoring activities
What is compiled big data
collected by third party and accessed by a business
What is covered by complaints and disciplinary procedures of professional standards departmetns
complaints about breach of regs, departure from guidance and bringing ICAEW into disrepute
Dual board structure - supervisory board elected by
SH and employees
plc membership of nomination committee
> 50% Independent NED
if products are complements, a rise in the price of one will
decrease demand for the other
if goods are complements, X - Elasticity of demand is
negative
homogeneous product and small number of competitors suggests
oligopoly
CMA will look into
competition and regulation
What elements of marketing mix only apply to marketing services
people
process
physical evidence
advantage of trading as limited company
transferability of interest - can sell shares
What kind of business must have a written consittution
limited company
What business can give floating charge
company
in what organisation can owners withdraw capital
partnership
How many Wates principles are there
6
Is the following a Wates prniciple
purpose and leadership
Yes
Is the following a Wates principle
board competition
Yes
Is the following a Wates principle
Director responsibilities
Yes
Is the following a Wates principle
opportunity and risk
Yes
Is the following a Wates principle
remuneeration
Yes
Is the following a Wates principle
stakeholder relationships and engagement
Yes
What are the Wates principles
voluntary code for large private companies
An NED who has worked as an employee may be independent if the period of employment finished at least
5 years ago
collusion can lead to a fine of up to
10% annual worldwide revenues
Anti monopoly legislation promotes
competition
market regulation compensates for
a lack of competition
what is a type two error
hypothesis accepted when it is wrong
What is a type one error
rejecting a hypothesis when it is correct
T/F
Data science deals with analysing and interpreting data rather than how it is collected
false
T/F
one objective of data science is to extract value from data
True
to be both good quality and valuable, data must be
relevant
