Business Studies Multiple Choice Question – 12 January 2019

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

Business Studies

Bob set up Bob’s Musical Fun (BMF). BMF is a high street shop that sells only rare vinyl records. BMF also takes bookings for a number of local bands. The customer asks BMF for a band that plays a particular type of music and BMF finds a band that suits the request. Bob needs a loan to expand his business. As BMF is an established business, the bank agreed to a loan with an interest rate of 6.0%.

Which one of the following would be a non-financial objective for Bob?

Select ONE answer:

  1. Generating wealth
  2. Personal satisfaction
  3. Maximising profit
  4. Regular income

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2:

  1. Generating wealth – is not correct because generating wealth is a financial objective.
  2. Personal satisfaction – is correct because it is a non-financial objective.
  3. Maximising profit – is not correct because maximisation of profit is a financial objective.
  4. Regular income – is not correct because income is financial.

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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