Business Studies Multiple Choice Question – 4 January 2020

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

Happy Covers was started by Lucy in 2017. The business hires out chair covers and ribbons for weddings, school proms and other events.

Which ONE of the following is an example of a calculated risk for Lucy’s business?

 

Select ONE answer:

  1. Sales have increased by 10 % in the past 12 months
  2. Expenses have increased by 15% in the past year
  3. Profit for the year has decreased by 3.5%
  4. There is a 30% chance of his business failing

 

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

 

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