Economics Multiple Choice Question – 18 June 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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A monopoly firm makes only normal profit in the long run.

What is MOST LIKELY to explain this?

Select ONE answer:

  1. The firm has decreasing long-run average costs.
  2. The firm is a public company with numerous shareholders.
  3. The firm is owned by a small number of financial institutions.
  4. The market in this industry is highly contestable.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 17 June 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

sacks of coffee beans
Photo by Kelly Lacy on Pexels.com

A monopoly firm makes only normal profit in the long run.

What is MOST LIKELY to explain this?

Select ONE answer:

  1. The firm has decreasing long-run average costs.
  2. The firm is a public company with numerous shareholders.
  3. The firm is owned by a small number of financial institutions.
  4. The market in this industry is highly contestable.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 16 June 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

sacks of coffee beans
Photo by Kelly Lacy on Pexels.com

The goal of Alex ltd is to make a minimum acceptable level of profit.

What does this describe?

Select ONE answer:

  1. profit maximisation
  2. profit satisficing
  3. revenue maximisation
  4. sales maximisation

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 15 June 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

sacks of coffee beans
Photo by Kelly Lacy on Pexels.com

A project has a social cost of £100 million, a private cost of £40 million and an external benefit of £20 million. Its net social value is zero.

Select ONE answer:

  1. External cost is greater than external benefit.
  2. Private cost is greater than external cost.
  3. Private cost is greater than private benefit.
  4. Social cost is greater than social benefit.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

  1. Correct
  2. Not correct
  3. Not correct
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 14 June 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Photo by Serpstat on Pexels.com

Which statement about bonus shares is true?

Select ONE answer:

  1. They may be issued as repayment of debentures.
  2. They may be issued at a premium.
  3. They may be issued to the holders of preference shares.
  4. They may be issued using the premium received from an issue of preference shares.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.