Mock Revision Flashcards
1
Q
What is a CEO?
A
A CEO is a Chief Executive Officer. They are the highest-ranking executive in a company
2
Q
What are the roles of a CEO?
A
- communicating with shareholders, the government and the public on behalf of the company
- set strategic goals
- establishing work culture
- assessing risks to the company
3
Q
roles of the ceo
A
- communicating with shareholders, the government and the public on behalf of the company
- set strategic goals
- establishing work culture
- assessing risks to the company
4
Q
Talk about Elon Musk:
A
- product development: leads all the product design, global manufacturing and engineering of vehicles
- creates and implements company vision
- public face of the company
- owner - owned more than 20% of Tesla
5
Q
Talk about Tim Cook
A
- under Tim Cooks leadership, Apple had doubled their profits and revenues
- made the production of Apple products simpler and more efficient by streamlining products
6
Q
what is csr?
A
- way of describing how companies measure and control their impact on society
- csr helps a business be socially accountable
7
Q
benefits of engaging in csr:
A
- helps both society and the brand image
- raises morale in the work place
- sustainable development can also help a business financially
8
Q
Cuddle and Kind
A
- for every doll sold 10 meals are donated to children in need (CHARITY)
- handcrafted by women artisans in Peru, provide them with a sustainable, fair trade income and flexible hours (ETHICAL LABOUR PRACTICES)
- produced with premium natural cotton, tested and certified as non toxic (FAIRTRADE RESOURCES, SAFETY STANDARDS)
9
Q
innocent smoothies
A
- 100% recyclable bottles
- all kids wedge cartons made from 100% forest stewardship councils certified material
10
Q
csr failure: Volkswagen
A
- for several years Volkswagen claimed their diesel engines had fewer emission than conventional petrol engines
- promoted the fact that their diesel vehicles reduced pollutants by 90%
- in 2015 the federal trade commission made a complaint as they found out they were emitting up to 4000% more nitrogen oxide than the legal limit
- pleaded guilty and fined $1.45 billion
- they chose the prioritise profits over well-being of the planet
11
Q
advantages of internal sources of finance
A
- tends to be the cheapest as interest does not need to be paid
- allows current shareholders to maintain ownership and control
12
Q
disadvantages of internal sources of finance
A
- the business may not be able to generate the entire amount of internal sources
- the opportunity cost, once the money is gone it can no longer be used for something else
13
Q
examples of internal sources of finance
A
- owners savings / capital
- retained profit
- sale of assets
