Month: January 2018

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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Business Studies Multiple Choice Question – 24 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 statements is true about using venture capital as a source of finance to start up a business?

Select ONE answer only:

  1. Venture capital is often used to raise small sums of money (e.g. up to £10,000)
  2. Venture capital firms often provide expert management support
  3. Venture capital is simple and quick to arrange
  4. Venture capital does not dilute ownership and control
  5. Venture capital firms want a relatively quick return

Name one other source of finance for start-up businesses:

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

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

The answer is 5 – Venture capital is supplied by merchant and specialised commercial banks or venture capital firms. It can be complex and time-consuming to arrange – requiring presentation of an in-depth business plan with detailed financial forecasts. Most venture capitalists are only interested in loans of £50,000 plus, and some of £250,000 plus. Most expect to take a minority shareholding in the business for a set period and to appoint a non-executive director who can provide informed financial and managerial advice and contribute to major decisions.

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Business Studies Multiple Choice Question – 23 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 statements is true about using venture capital as a source of finance to start up a business?

Select ONE answer only:

  1. Venture capital is often used to raise small sums of money (e.g. up to £10,000)
  2. Venture capital firms often provide expert management support
  3. Venture capital is simple and quick to arrange
  4. Venture capital does not dilute ownership and control
  5. Venture capital firms do not want a relatively quick return

Name one other source of finance for start-up businesses:

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

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

The answer is 2 – Venture capital is supplied by merchant and specialised commercial banks or venture capital firms. It can be complex and time-consuming to arrange – requiring presentation of an in-depth business plan with detailed financial forecasts. Most venture capitalists are only interested in loans of £50,000 plus, and some of £250,000 plus. Most expect to take a minority shareholding in the business for a set period and to appoint a non-executive director who can provide informed financial and managerial advice and contribute to major decisions.

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Economics Multiple Choice Question – 22 January 2018

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

Which of the following statements is correct?

Select ONE answer:

  1. A change in demand and change in quantity demanded means the same thing.
  2. A change in demand means a shift in the demand curve while a change in the quantity demanded means a movement along the demand curve.
  3. A change in demand means a movement along the demand curve.
  4. A change in the quantity demanded means a shift in the demand curve.

What is meant by “a substitute good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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