Business Studies Multiple Choice Question – 31 January 2018

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 the correct definition of exchange rates?

Select ONE answer only:

  1. The price of one currency in relation to another
  2. The cost of borrowing and the reward for saving
  3. The continuous and sustained rise in the general level of prices
  4. A fee on income, property or goods, payable to the government
  5. High investment in local events

What is a likely objective of a business’s local community?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – Option 1 is a definition of exchange rates.  Option 2 defines interest rates.  Option 3 is a definition of inflation.  Option 4 is the definition of taxation.

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Business Studies Multiple Choice Question – 30 January 2018

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 the correct definition of taxation?

Select ONE answer only:

  1. The price of one currency in relation to another
  2. The cost of borrowing and the reward for saving
  3. The continuous and sustained rise in the general level of prices
  4. A fee on income, property or goods, payable to the government
  5. High investment in local events

What is a likely objective of a business’s government?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – Option 1 is a definition of exchange rates. Option 2 defines interest rates. Option 3 is a definition of inflation.

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Business Studies Multiple Choice Question – 29 January 2018

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

Which ONE of the following business stakeholder objectives is most likely to be objectives of a business’s customers?

Select ONE answer only:

  1. High pay
  2. High profit
  3. High quality
  4. High Prices
  5. High investment in local events

 

What is a likely objective of a business’s employees?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – Customer objectives include quality products and high standards of service, which may include timely and accurate delivery. Customers also require value-for-money and for business customers, an interest-free period of credit is likely to be important. In terms of the other options: high pay is more likely to be an objective of employees, high profit – an objective of owners, and investment in local events – an objective of the local community.

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Business Studies Multiple Choice Question – 28 January 2018

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

Which ONE of the following business stakeholder objectives is most likely to be objectives of a business’s customers?

Select ONE answer only:

  1. High pay
  2. High profit
  3. High prices
  4. High standard of service
  5. High investment in local events

What is a likely objective of a business’s shareholders?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – Customer objectives include quality products and high standards of service, which may include timely and accurate delivery. Customers also require value-for-money and for business customers, an interest-free period of credit is likely to be important. In terms of the other options: high pay is more likely to be an objective of employees, high profit – an objective of owners, and investment in local events – an objective of the local community.

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Business Studies Multiple Choice Question – 27 January 2018

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

Which ONE of the following are advantages of selling directly to customers over the Internet, via a website with e-commerce facilities?

Select ONE answer only:

  1. Access to local markets
  2. Concerns over privacy and security
  3. Costs to design, maintain and update the website.
  4. Customers can’t physically inspect goods prior to purchase
  5. No set opening or closing hours

What is meant by m-commerce?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – All the options presented are true but only 5 is an advantage of selling online. The other options are disadvantages associated with selling online.

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Business Studies Multiple Choice Question – 26 January 2018

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

Which ONE of the following are advantages of selling directly to customers over the Internet, via a website with e-commerce facilities?

Select ONE answer only:

  1. Access to a global market
  2. Concerns over privacy and security
  3. Costs to design, maintain and update the website.
  4. Customers can’t physically inspect goods prior to purchase
  5. Set opening or closing hours

What is meant by social media?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – All the options presented are true but only 1 is an advantage of selling online. The other options are disadvantages associated with selling online.

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Business Studies Multiple Choice Question – 25 January 2018

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 true statement about an ‘ordinary’ partnership?

Select ONE answer only:

  1. Day to day management is usually shared
  2. A partnership can only be owned by two people
  3. The owners have a separate legal identity to the business
  4. The owners have limited liability
  5. The owners do not pay taxes

Which UK act of parliament covers Partnerships?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – An ordinary partnership can be owned by more than two people. None of the owners has a separate legal identity from the business; each owner has unlimited liability, which means an owner’s personal assets are not protected if business assets are insufficient to pay off business debts.

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