Month: March 2018

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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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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Accounting Multiple Choice Question – 24 March 2018

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

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £400k
  • Inventory £385k
  • Accounts Receivables £340k
  • Bank Account £210k
  • Cash £50K
  • Accounts Payable £365k
  • Long-term Bank Loan £1800k
  • Reserves  £250k
  • Share Capital £200k
  • Revenue  £5,800k
  • Cost-of-Sales  £4,400k
  • Net Profit Margin  £600k
  • Purchases  £2,800k

What is Wood Angel’s Capital Gearing percentage ratio?

Select ONE answer:

  1. 80.00
  2. 79.00
  3. 78.00
  4. 76.00
  5. 75.00

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

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

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

The answer is 1 – £1800k / (£1800k + £250k + £200k) * 100 = 80.00%

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Accounting Multiple Choice Question – 23 March 2018

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

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £400k
  • Inventory £385k
  • Accounts Receivables £340k
  • Bank Account £210k
  • Cash £50K
  • Accounts Payable £365k
  • Long-term Bank Loan £1800k
  • Reserves  £250k
  • Share Capital £200k
  • Revenue  £5,800k
  • Cost-of-Sales  £4,400k
  • Net Profit Margin  £600k
  • Purchases  £2,800k

What is Wood Angel’s Trade Payable Days ratio?

Select ONE answer:

  1. 11.43
  2. 47.58
  3. 2.93
  4. 31.94
  5. 1.82

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

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

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

The answer is 2 – £365k / £2,800k * 365 days = 47.58 days

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

Accounting Multiple Choice Question – 22 March 2018

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

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £400k
  • Inventory £385k
  • Accounts Receivables £340k
  • Bank Account £210k
  • Cash £50K
  • Accounts Payable £365k
  • Long-term Bank Loan £1800k
  • Reserves  £250k
  • Share Capital £200k
  • Revenue  £5,800k
  • Cost-of-Sales  £4,400k
  • Net Profit Margin  £600k
  • Purchases  £2,800k

What is Wood Angel’s Trade Receivable Days ratio?

Select ONE answer:

  1. 11.43
  2. 21.40
  3. 2.93
  4. 31.94
  5. 1.82

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

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

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

The answer is 2 – £340k / £5,800k * 365 days = 21.40 days

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