Question 1
Arrange the stages of the product life-cycle in the correct order.
Answer is in the explanation below.
E1 – Managing Finance in a Digital World
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Question 2
An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.
Answer is in the explanation below.
Question 3
T is employed as an HR manager for a chain of hotels. A large part of her role is to assist the HR director with forecasting personnel requirements for the next one, three and six month periods respectively.
Which TWO of the following factors should be taken into consideration when forecasting personnel requirements?
Select all that apply, then click Submit answer.
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Staff approaching retirement age
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Absence and sickness rates
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Changes to the minimum wage legislation
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Employee turnover
