Which combination of demand and supply curves would be appropriate for a firm attempting to increase
its profits by increasing its market share?
Respuesta
Inelastic demand, inelastic supply
Elastic demand, elastic supply
Inelastic demand, elastic supply
Elastic demand, inelastic supply
Pregunta 2
Pregunta
If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease
in the price of all wine would result in:
Respuesta
A more than proportional decrease in the quantity of dry white wine purchased
A less than proportional decrease in the quantity of dry white wine purchased
A less than proportional increase in the quantity of dry white wine purchased
A more than proportional increase in the quantity of dry white wine purchased (2 marks)
Pregunta 3
Pregunta
The following, with one exception, are 'protectionist measures' in international trade. Which is the
exception?
Respuesta
Import quotas
Subsidies for exporters
Customs procedures
Tariffs
Pregunta 4
Pregunta
William Ouchi identified three types of control.
Which of the following is not one of those?
Respuesta
Bureaucratic control
Market control
Output control
Clan control
Pregunta 5
Pregunta
BZ Ness Ltd is an organisation with a strongly traditional outlook. It is structured and managed
according to classical principles: specialisation, the scalar chain of command, unity of command and
direction. Personnel tend to focus on their own distinct tasks, which are strictly defined and directed.
Communication is vertical, rather than lateral. Discipline is much prized and enshrined in the rule book
of the company.
From the scenario, what sort of culture does BZ Ness Ltd have, using Harrison's classifications?
Respuesta
Role culture
Task culture
Existential culture
Power culture
Pregunta 6
Pregunta
Which of the following principles of classical management is challenged by matrix management?
Respuesta
Structuring the organisation on functional lines
Structuring the organisation on geographical lines