Business Studies Multiple Choice Question – 30 September 2019

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

Economic activity is increasing. Lucy, the owner of a printing business, wants to take advantage of this increase.

Which ONE action should she take?

 

Select ONE answer:

  1. Change the name of his business
  2. Reduce orders to suppliers
  3. Move to smaller premises
  4. Recruit more staff

 

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 – the other answers would not necessarily take advantage of increased economic activity

 

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Business Studies Multiple Choice Question – 29 September 2019

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

Economic activity is increasing. Lucy, the owner of a printing business, wants to take advantage of this increase.

Which ONE action should she take?

 

Select ONE answer:

  1. Change the name of his business
  2. Reduce orders to suppliers
  3. Move to smaller premises
  4. Increase product range

 

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 – the other answers would not necessarily take advantage of increased economic activity

 

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

Business Studies Multiple Choice Question – 28 September 2019

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

Lucy runs a coffee shop. Recently sales have been falling and she needs to motivate her staff.

Which ONE of the following is likely to motivate her staff?

 

Select ONE answer:

  1. Allowing staff to work flexible hours
  2. Complaining about the attitude of the staff
  3. Introducing a customer loyalty scheme
  4. Working longer hours without extra pay

 

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 – the other answers would not necessarily motivate the staff

 

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Business Studies Multiple Choice Question – 27 September 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 factors would be important for a sole trader when starting up a hairdressing business?

 

Select ONE answer:

  1. Ability to raise share capital
  2. Able to produce products cheaply
  3. The exchange rate
  4. The legal aspects

 

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 – the other answers would concern or be important for a sole trading hairdressing start-up

 

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Business Studies Multiple Choice Question – 18 October 2019

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

A large number of small businesses fail within the first two years.

Identify ONE reason why so many small businesses fail in the first two years.

 

Select ONE answer:

  1. Product not customer orientated
  2. Having a detailed Business Plan
  3. Good repeat business
  4. Revenue higher than costs

 

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 – the other answers are not reasons why a small business would fail in the first two years

 

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Business Studies Multiple Choice Question – 26 September 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 factors would be important for a sole trader when starting up a hairdressing business?

 

Select ONE answer:

  1. Ability to raise share capital
  2. How to finance the business
  3. Able to produce products cheaply
  4. The exchange rate

 

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 – the other answers would concern or be important for a sole trading hairdressing start-up

 

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Business Studies Multiple Choice Question – 25 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance £555 000 Cash inflow £784 000 Cash outflow £872 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£88,000
  2. £229,000
  3. £467,000
  4. £1,339,000

 

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 3 – Opening £555k + £784k inflow = £1,339k then minus cash outflow of £872k finally equals closing balance of -£33k.

 

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