Knowledge Test

Question 1

What Which of the following is an intellectual resource - People, Computers or Copyright

Answer 1

Copyright

Question 2

What does COSHH stand for

Answer 2

Control of substances hazardous to health

Question 3

Who are responsible for delivering strategic goals

Answer 3

Senior Managers

Question 4

What are metrics used for in a project

Answer 4

To measure progress against agreed parameters

Question 5

What is an organisation’s purpose

Answer 5

A description of their vision and main objectives

Question 6

What is a cost-benefit analysis

Answer 6

A type of analysis that takes into account the different rewards from different approaches and then factors in the cost of each process

Question 7

Is wages a Fixed or variable cost?

Answer 7

Fixed

Question 8

What is an example of a non-operational cost

Answer 8

Money lost in exchange rates, Money form investments and interest income

Question 9

What is transaction cost analysis

Answer 9

Cost of producing a good - cost of selling the good

Question 10

What is a risk register

Answer 10

A risk management tool that measures the likelihood of a risk and the severity of the risk.

Question 11

What is RAG rating?

Answer 11

It measures if individual tasks in a project are on track or not.

Question 12

What resources are available to an organisation

Answer 12

Physical, human, intellectual and financial

Question 13

What are the 9 protected characteristics in the Equality and Diversity Act 2010?

Answer 13

Age, Gender, religion or beliefs, Gender Reassignment, Disability, Race including Nationality, ethnic or national origin, marriage or Civil partnership, pregnancy or maternal leave, sexual orientation

Question 14

How long can an employee be ill until they have to show proof to their employer

Answer 14

7 days

Question 15

What is the minimum amount of maternity leave an employer has to offer

Answer 15

52 weeks (26 weeks at full pay and 13 weeks at half pay and 13 weeks at nil)

Question 16

What is the min amount of time an employee has to take maternity leave for after giving birth.

Answer 16

2 weeks

Question 17

What is the min paternity leave and employer must offer?

Answer 17

1 week or 2 consecutive weeks after the birth of the child

Question 18

What is the most hours an employee can work?

Answer 18

An average of 48 hours per week over a 17 week period

Question 19

How much rest are employees entitled to every day?

Answer 19

11 hours

Question 20

How many days rest off are employees entitled to per week?

Answer 20

1

Question 21

How long can an employee work before they are entitled to an in-work break

Answer 21

6

Question 22

For young workers how long can they work a week?

Answer 22

40 hours with 2 consecutive rest days

Question 23

How long can young workers work before they are entitled to a break?

Answer 23

4.5 hours

Question 24

What is an operational cost?

Answer 24

A cost related to the operation of business

Question 25

What is a non-operational cost

Answer 25

A cost that is not directly related to core business operations

Question 26

What is an example of an operational cost

Answer 26

Rent, cost of resource, labour etc.

Question 27

Examples of financial resources to an org

Answer 27

Profits, retained earnings and funding

Question 28

Examples of intellectual resources to an org

Answer 28

Brand, patent, copyright

Question 29

Examples of physical resources to an org

Answer 29

Building, vehicles, raw materials