Month: May 2018

Economics Multiple Choice Question – 16 May 2018

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

To determine the effect a 25 percent increase in the price of apples has on the number of apples demanded, you must know the value of the ……?

Select ONE answer:

  1. Cross-elasticity of demand.
  2. Price elasticity of demand.
  3. Income elasticity of demand.
  4. Price elasticity of supply.

What are the advantages and disadvantages to employers and employees of “Division of Labour”?

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

The answer is 2

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Economics Multiple Choice Question – 15 May 2018

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

The price elasticity of demand is defined as the magnitude of ………?

Select ONE answer:

  1. The percentage change in quantity demanded divided by the percentage change in price.
  2. The percentage change in price divided by the percentage change in quantity demanded.
  3. The change in price divided by the change in quantity demanded.
  4. The change in quantity demanded divided by the change in price.

What is meant by the “Division of Labour”?

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

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

The answer is 1

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Business Studies Multiple Choice Question – 14 May 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 an example of a good?

Select ONE answer only:

  1. A train ride
  2. A restaurant meal
  3. A taxi ride
  4. A pair of leather shoes
  5. A dental treatment

Explain ONE way in which market research data might benefit a business?

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

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

The answer is 4 – This is a good, the rest are services.

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Business Studies Multiple Choice Question – 13 May 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 an example of a good?

Select ONE answer only:

  1. A train ride
  2. A restaurant meal
  3. A pair of denim jeans
  4. A taxi ride
  5. A dental treatment

Give ONE way in which a business might collect quantitative market research data?

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

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

The answer is 3 – This is a good, the rest are services.

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

Business Studies Multiple Choice Question – 12 May 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 an example of a good?

Select ONE answer only:

  1. A train ride
  2. A component for a car engine
  3. A restaurant meal
  4. A taxi ride
  5. A dental treatment

Define the term “market research”?

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

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

The answer is 2 – This is a good, the rest are services.

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