Business Studies Multiple Choice Question – 31 March 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 electronic payment systems?

Select ONE answer only:

  1. The sale or purchase of goods or services, conducted over computer networks
  2. The electronic transmission of information that has been encoded for storage and processing 
by computers
  3. A way of making financial transactions through the use of microchips and transistors
  4. Websites and applications that enable users to create and share content, and interact with others
  5. The sale or purchase of goods or services, conducted over mobile telecommunications networks

Explain one benefit to a business of using primary market research?

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

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

The answer is 3 – Option 1 defines e-commerce. Option 2 is a definition of digital communication. Option 3 defines electronic payment systems. Option 4 – defines social media. Option 5- defines m-commerce

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Business Studies Multiple Choice Question – 30 March 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 digital communication?

Select ONE answer only:

  1. The sale or purchase of goods or services, conducted over computer networks
  2. The electronic transmission of information that has been encoded for storage and processing 
by computers
  3. A way of making financial transactions through the use of microchips and transistors
  4. Websites and applications that enable users to create and share content, and interact with others
  5. The sale or purchase of goods or services, conducted over mobile telecommunications networks

Explain one reason why a business would carry out market research?

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

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

The answer is 2 – Option 1 defines e-commerce. Option 2 is a definition of digital communication. Option 3 defines electronic payment systems. Option 4 – defines social media. Option 5- defines m-commerce

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Business Studies Multiple Choice Question – 29 March 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 e-commerce?

Select ONE answer only:

  1. The sale or purchase of goods or services, conducted over computer networks
  2. The electronic transmission of information that has been encoded for storage and processing 
by computers
  3. A way of making financial transactions through the use of microchips and transistors
  4. Websites and applications that enable users to create and share content, and interact with others
  5. The sale or purchase of goods or services, conducted over mobile telecommunications networks

Explain one reason why customer service is an important need that businesses should meet?

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

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

The answer is 1 – Option 1 defines e-commerce. Option 2 is a definition of digital communication. Option 3 defines electronic payment systems. Option 4 – defines social media. Option 5- defines m-commerce

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

Business Studies Multiple Choice Question – 28 March 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 social media?

Select ONE answer only:

  1. The sale or purchase of goods or services, conducted over computer networks
  2. The electronic transmission of information that has been encoded for storage and processing 
by computers
  3. A way of making financial transactions through the use of microchips and transistors
  4. Websites and applications that enable users to create and share content, and interact with others
  5. The sale or purchase of goods or services, conducted over mobile telecommunications networks

Explain one impact that entrepreneurs have on the economy?

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

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

The answer is 4 – Option 1 defines e-commerce. Option 2 is a definition of digital communication. Option 3 defines electronic payment systems. Option 4 – defines social media. Option 5- defines m-commerce

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Business Studies Multiple Choice Question – 27 March 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 the objectives of a business’s suppliers?

Select ONE answer only:

  1. Value for money
  2. Protection of wildlife
  3. Unprofitable contracts
  4. Capital gain on shares
  5. Timely payment for goods delivered

Explain one factor that an entrepreneur should consider before opening a new business?

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

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

The answer is 5 – Value for money is a key objective of customers. Capital gain on shares is an objective of a business’s shareholders, and protection of wildlife is likely to be an objective of the local community or a pressure group, such as the WWF – the World Wide Fund for Nature (an international non-governmental organisation founded in 1961).

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Business Studies Multiple Choice Question – 26 March 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 the objectives of a business’s suppliers?

Select ONE answer only:

  1. Value for money
  2. Protection of wildlife
  3. Secure, regular, profitable contracts
  4. Capital gain on shares
  5. Non-timely payment for goods delivered

Explain one reason why a business owner might want to develop new ideas from existing products and services?

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

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

The answer is 3 – Value for money is a key objective of customers. Capital gain on shares is an objective of a business’s shareholders, and protection of wildlife is likely to be an objective of the local community or a pressure group, such as the WWF – the World Wide Fund for Nature (an international non-governmental organisation founded in 1961).

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

Business Studies Multiple Choice Question – 25 March 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 not an example of a component of a business plan?

Select ONE answer only:

  1. Business idea
  2. Business aims and objectives
  3. Market research
  4. Cash flow statement
  5. Profit & Loss forecast

Explain one way that changing consumer needs could create a new opportunity for a business?

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

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

The answer is 4 – The components of a business plan will include a cash flow ‘forecast’, but not a cash flow ‘statement’. A statement shows what HAS happened (in terms of receipts, payments, net cash flows and bank balances for each month), as opposed to a forecast which shows what is planned or anticipated to happen.

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