Business Studies Multiple Choice Question – 30 June 2019

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 lateral thinking techniques?

 

Select ONE answer:

  1. Producing a business plan
  2. Providing a range of products
  3. Collecting market research information
  4. Creating a mind map

 

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 4

  1. a business plan has nothing to do with lateral thinking.
  2. it has nothing to do with providing a range of products.
  3. has nothing to do with market research information.
  4. Correct – creating a mind map may be considered a way of thinking laterally.

 

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Business Studies Multiple Choice Question – 29 June 2019

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

CCBM Ltd manufactures high-quality stationery.

The graph below shows the interest rate the bank charged on CCBM Ltd’s overdraft between 2008 and 2018.

Table 60

Identify the likely effect on CCBM Ltd of the changes in the interest rate shown in the graph.

 

Select ONE answer:

  1. Increased risk of insolvency
  2. Lower variable costs
  3. Increased profit
  4. Lower cash inflow

 

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 3

  1. reduced interests does not increase the risk of insolvency.
  2. does not produce lower variable costs – no guarantee that the prices change.
  3. Correct – it is likely that there will be an increase in profit.
  4. no guarantee that there will be lower cash flowing into the business – the cost of stationery may remain the same.

 

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Business Studies Multiple Choice Question – 28 June 2019

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

CCBM Ltd manufactures high-quality stationery.

The graph below shows the interest rate the bank charged on CCBM Ltd’s overdraft between 2008 and 2018.

Table 60

Identify the likely effect on CCBM Ltd of the changes in the interest rate shown in the graph.

 

Select ONE answer:

  1. Increased risk of insolvency
  2. Lower variable costs
  3. Improved net cash flow
  4. Lower cash inflow

 

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 3

  1. reduced interests does not increase the risk of insolvency.
  2. does not produce lower variable costs – no guarantee that the prices change.
  3. Correct – could improve net cash flow as less money is going out of the business.
  4. no guarantee that there will be lower cash flowing into the business – the cost of stationery may remain the same.

 

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Business Studies Multiple Choice Question – 27 June 2019

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

CCBM Ltd manufactures high-quality stationery.

The graph below shows the interest rate the bank charged on CCBM Ltd’s overdraft between 2008 and 2018.

Table 60

Identify the likely effect on CCBM Ltd of the changes in the interest rate shown in the graph.

 

Select ONE answer:

  1. Increased risk of insolvency
  2. Lower variable costs
  3. Reduced fixed costs
  4. Lower cash inflow

 

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 3

  1. reduced interests does not increase the risk of insolvency.
  2. does not produce lower variable costs – no guarantee that the prices change.
  3. Correct – reduced interest rates would reduce fixed costs.
  4. no guarantee that there will be lower cash flowing into the business – the cost of stationery may remain the same.

 

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Business Studies Multiple Choice Question – 26 June 2019

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

CCBM Ltd manufactures high-quality stationery.

 

What would be the main reason for CCBM Ltd to produce high-quality stationery? 

Select ONE answer:

  1. tax revenue for the government
  2. goods that meet the needs of customers
  3. orders for suppliers
  4. jobs for the local community

 

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. gaining revenue from the government would not be a reason for producing high-quality chairs.
  2. Correct – providing a product that meets the needs of customers is.
  3. providing orders for suppliers is not a reason for producing high-quality chairs.
  4. providing jobs for the local community is not a reason for producing high-quality chairs.

 

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Business Studies Multiple Choice Question – 25 June 2019

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

CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.

Table 59

Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:

Select ONE answer:

  1. had total costs of £540 000
  2. made a profit of £60 000
  3. made a loss of £310 000
  4. had a cash inflow of £370 000

 

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 1

  1. Correct – adding fixed and variable together = £540 000
  2. revenue minus variable = £60 000 incorrect
  3. variable minus fixed = £310 000 incorrect
  4. revenue minus fixed = £ 370 000 incorrect

 

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Business Studies Multiple Choice Question – 24 June 2019

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

CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.

Table 59

Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:

Select ONE answer:

  1. made a loss of £75 000
  2. made a profit of £60 000
  3. made a loss of £310 000
  4. had a cash inflow of £370 000

 

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 1

  1. Correct – add £115 000 and £425 000 minus £485 000 gives a loss of £75 000
  2. revenue minus variable = £60 000 incorrect
  3. variable minus fixed = £310 000 incorrect
  4. revenue minus fixed = £ 370 000 incorrect

 

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