Business Studies Multiple Choice Question – 24 June 2019

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

CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.

Table 59

Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:

Select ONE answer:

  1. made a loss of £75 000
  2. made a profit of £60 000
  3. made a loss of £310 000
  4. had a cash inflow of £370 000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

  1. Correct – add £115 000 and £425 000 minus £485 000 gives a loss of £75 000
  2. revenue minus variable = £60 000 incorrect
  3. variable minus fixed = £310 000 incorrect
  4. revenue minus fixed = £ 370 000 incorrect

 

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Business Studies Multiple Choice Question – 23 June 2019

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

Which ONE of the following is a tax on the profit made by a private limited company in the UK?

Select ONE answer:

  1. Value Added Tax
  2. Distribution Tax
  3. Income Tax
  4. Corporation Tax

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. VAT is a tax on sales.
  2. Distribution Tax is a tax by the Indian Government
  3. Income tax is a tax on wages/salaries.
  4. Correct – Corporation is a tax on profit.

 

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Business Studies Multiple Choice Question – 22 June 2019

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

Which ONE of the following best defines the term innovation?

Select ONE answer:

  1. Identifying a gap in the market for developing a new product
  2. Spending money on the purchase of replacement equipment
  3. Transforming new ideas into products that can be marketed
  4. Applying for a patent on a recently developed new product

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

  1. innovation is not knowing where the gap is.
  2. nothing to do with innovation.
  3. Correct – bringing a new idea onto the market is innovation.
  4. putting a patent on a product is not innovation.

 

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Business Studies Multiple Choice Question – 21 June 2019

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

Alexis an enthusiastic games player. He decided to set up his own business operating daily gaming competitions in Staffordshire He called the business Chase Games. The business is very busy during the summer. The price of a games competition is £500 per day and this includes the use of games equipment, lessons and good & refreshments. Alex hires the equipment from a local shop.

Alex has chosen another location for his business 200 miles north of Staffordshire.

Which One of the following would be important for Lee in deciding where to locate the new business?

Select ONE answer:

  1. Lots of competitors in the area
  2. Close to games equipment manufacturers
  3. Access to the post office
  4. Availability of venues to hold the competitions

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. probably would not locate where there is lots of competition.
  2. does not need to be near manufacturers of games equipment – they may not sell to him.
  3. having access to the post office is not required.
  4. correct – would want the venues near to where he is having the games competition.

 

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Business Studies Multiple Choice Question – 20 June 2019

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

Alexis an enthusiastic games player. He decided to set up his own business operating daily gaming competitions in Staffordshire He called the business Chase Games. The business is very busy during the summer. The price of a games competition is £500 per day and this includes the use of games equipment, lessons and good & refreshments. Alex hires the equipment from a local shop.

Alex has chosen another location for his business 200 miles north of Staffordshire.

Which One of the following would be important for Lee in deciding where to locate the new business?

Select ONE answer:

  1. Lots of competitors in the area
  2. Close to games equipment manufacturers
  3. Access to the post office
  4. Availability of games equipment hire shops

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. probably would not locate where there is lots of competition.
  2. does not need to be near manufacturers of games equipment – they may not sell to him.
  3. having access to the post office is not required.
  4. correct – would want the games equipment near to where he is having the games competition.

 

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Business Studies Multiple Choice Question – 19 June 2019

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

Alexis an enthusiastic games player. He decided to set up his own business operating daily gaming competitions in Staffordshire He called the business Chase Games. The business is very busy during the summer. The price of a games competition is £500 per day and this includes the use of games equipment, lessons and good & refreshments. Alex hires the equipment from a local shop.

Alex is considering operating his business in a different location when the summer is over. He has produced a cash flow forecast to include in his business plan for a loan.

Which one of the following might be the reasons why Alex produced a cash flow forecast?

Select ONE answer:

  1. It is a legal requirement that a business should have a cash flow forecast
  2. A cash flow forecast ensures that the business will be successful
  3. To identify if the business will require an overdraft
  4. To identify the cash inflows over the last six months

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

  1. it is not a legal requirement it is entirely up to the business if they have one.
  2. having a cash flow forecast is no guarantee that the business is successful.
  3. Correct – can identify if the business will need money such as an overdraft.
  4. cash flow forecast is predicting and will not show what has happened.

 

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Business Studies Multiple Choice Question – 18 June 2019

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

Alexis an enthusiastic games player. He decided to set up his own business operating daily gaming competitions in Staffordshire He called the business Chase Games. The business is very busy during the summer. The price of a games competition is £500 per day and this includes the use of games equipment, lessons and good & refreshments. Alex hires the equipment from a local shop.

Alex is considering operating his business in a different location when the summer is over. He has produced a cash flow forecast to include in his business plan for a loan.

Which one of the following might be the reasons why Alex produced a cash flow forecast?

Select ONE answer:

  1. It is a legal requirement that a business should have a cash flow forecast
  2. A cash flow forecast ensures that the business will be successful
  3. Cash flow forecasts can reduce the risk of business failure
  4. To identify the cash inflows over the last six months

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

  1. it is not a legal requirement it is entirely up to the business if they have one.
  2. having a cash flow forecast is no guarantee that the business is successful.
  3. Correct – a cash flow does not reduce the risk of failure but can give a warning.
  4. cash flow forecast is predicting and will not show what has happened.

 

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