Month: April 2018

Economics Multiple Choice Question – 5 April 2018

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

The most fundamental economic problem is ………?

Select ONE answer:

  1. Security.
  2. The fact the UK imports more goods from foreign countries than we export goods to foreign countries.
  3. Health.
  4. Scarcity.

What is meant by the business objective of “social objectives”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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Economics Multiple Choice Question – 4 April 2018

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

An incentive ………?

Select ONE answer:

  1. Is the opposite of a tradeoff.
  2. Could be a reward but could not be a penalty.
  3. Could be either a reward or a penalty.
  4. Could be a penalty but could not be a reward.

What is meant by the business objective of “customer satisfaction”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3

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Business Studies Multiple Choice Question – 3 April 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 examples of rewards associated with starting up a business?

Select ONE answer only:

  1. Business failure
  2. Financial loss
  3. Independence
  4. Lack of security
  5. Losses

Explain one disadvantage to a business of using secondary market research?

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

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

The answer is 3 – The main reward associated with starting up a business is the financial reward of profit. There are also non-financial rewards which include being able to work independently without any interference. The other options are examples of risks associated with starting up a business.

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Business Studies Multiple Choice Question – 2 April 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 examples of rewards associated with starting up a business?

Select ONE answer only:

  1. Business failure
  2. Financial loss
  3. Lack of Independence
  4. Lack of security
  5. Profit

Explain one advantage to a business of using secondary market research?

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

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

The answer is 5 – The main reward associated with starting up a business is the financial reward of profit. There are also non-financial rewards which include being able to work independently without any interference. The other options are examples of risks associated with starting up a business.

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Business Studies Multiple Choice Question – 1 April 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 m-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 disadvantage to a business of using primary market research?

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

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

The answer is 5 – 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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