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?

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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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