Lesson 3.7.3
3.7.3 Analysing internal position: overall performance Quiz: AQA Business, Unit 7
20 questions
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Lesson 3.7.3, Analysing internal position: overall performance: 20 multiple choice questions for the AQA Business (7132), Unit 7: Analysing the strategic position of a business, written with Revision Ninja.
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The 20 questions
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What three elements make up Elkington's triple bottom line?
- People, planet, price
- Profit, process, people
- Profit, product, price
- Profit, people, planet
-
Which of these is an example of non-financial performance data?
- Return on capital
- Customer satisfaction scores
- Net profit ratio
- Operating profit margin
-
What is a unique capability providing a business with a competitive advantage?
- Core competence
- Distinctive benchmark
- Mission statement
- Functional objective
-
Which performance metric best assesses short-term business performance?
- Five-year revenue growth
- Brand equity trend
- Monthly budget variance
- Market share trend
-
Which performance metric best assesses long-term business performance?
- Daily output volume
- Five-year market share
- Monthly sales target
- Weekly cash flow
-
A firm has 400 staff on average and 40 leavers in a year. What is the staff turnover rate?
- 4%
- 10%
- 0.1%
- 40%
-
A firm had 1,200 customers at the start of the year and retained 900 of them. What is the customer retention rate?
- 900%
- 133%
- 25%
- 75%
-
Sales rise by 10% while the total market grows by 20%. What happens to market share?
- It stays constant
- It rises
- It falls
- It doubles
-
Which metric measures the 'planet' element of Elkington's triple bottom line?
- Labour turnover
- Staff retention
- Carbon footprint
- Dividend payout
-
How does a business sustain a competitive advantage from core competences?
- Prevent rival imitation
- Maximise short-term price
- Reduce employee training
- Outsource production
-
What is the main purpose of benchmarking business performance against competitors?
- Set legal regulations
- Eliminate variable costs
- Calculate tax liability
- Compare relative performance
-
Which type of data best provides early warning signs of future financial performance?
- Historical profit data
- Tax returns
- Audited balance sheets
- Non-financial data
-
A firm has 250 staff, absenteeism of 4% and an average of 220 working days a year. How many staff-days are lost?
- 2,200 days
- 8,800 days
- 220 days
- 55 days
-
What context is required to properly evaluate a firm's profit performance?
- Share price history
- Corporate tax rates
- Historical trends
- Auditor names
-
What short-term issue can arise from adopting Elkington's triple bottom line?
- Lower customer loyalty
- Poorer brand image
- Decreased staff morale
- Higher short-term costs
-
What is the main limitation of relying exclusively on financial performance data?
- Calculates profit incorrectly
- Focuses on competitors
- Ignores total revenue
- Ignores non-financial drivers
-
Which non-financial metric best assesses operational efficiency in production?
- Capacity utilisation
- Market share percentage
- Staff absenteeism rate
- Customer retention rate
-
Which metric measures the 'people' element of Elkington's triple bottom line?
- Energy consumption
- Waste recycling rate
- Employee turnover rate
- Return on capital
-
Which metric is primarily a short-term indicator of business performance?
- Cash flow
- Market share
- Research expenditure
- Brand loyalty
-
A firm has high ROCE but falling market share. What is declining?
- Short-term profitability
- Current liquidity
- Long-term competitiveness
- Financial gearing
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