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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