Month: November 2022

Economics Multiple Choice Question – 5 November 2022

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

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Which group may be disadvantaged by the introduction of division of labour?

Select ONE answer:

  1. consumers who prefer standardised goods
  2. companies where the production process has many sub-divisions
  3. the government, if the product is taxed
  4. workers who prefer a variety of tasks

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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Economics Multiple Choice Question – 4 November 2022

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

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What is the opportunity cost to a fully employed economy of increasing capital investment?

Select ONE answer:

  1. a fall in consumption
  2. a fall in income
  3. a rise in saving
  4. a rise in the rate of interest

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

  1. Correct
  2. Not correct
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 3 November 2022

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

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A company can only invest £1 million in the current period.

  • project 1 – capital requirement (current period) £1.2m with an NPV of £5m
  • project 2 – capital requirement (current period) £1.0m with an NPV of £2.5m
  • project 3 – capital requirement (current period) £0.6m with an NPV of £1.5m
  • project 4 – capital requirement (current period) £0.4m with an NPV of £1.2m
  • project 5 – capital requirement (current period) £0.4m with an NPV of £1.0m

Which project(s) should the company undertake to maximise its shareholders’ wealth?

Select ONE answer:

  1. 1
  2. 2
  3. 3 and 5
  4. 3 and 4

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

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

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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

Accounting Multiple Choice Question – 2 November 2022

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

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Which Investment Appraisal technique includes depreciation in the calculation?

Select ONE answer:

  1. accounting rate of return
  2. internal rate of return
  3. net present value
  4. payback

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

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

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct
  2. Not correct
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 1 November 2022

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

apple devices books business coffee
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During the year a company produces 10,000 units.

The cost data relating to the production is shown below.

  • direct materials – actual cost £22,000 & total variance (£2,000) A
  • direct labour – actual cost £32,000 & total variance £4,000 F

What was the standard prime cost per unit?

Select ONE answer:

  1. £5.20
  2. £5.40
  3. £5.60
  4. £6.00

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

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

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct – £22k – £2k + £32k + £4K / 10,000
  4. Not correct

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