Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

Economics Multiple Choice Question – 21 November 2018

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

In perfect competition ……. ?

Select ONE answer:

  1. demand for the good or service is small relative to the minimum efficient scale of a single producer.
  2. demand for the good or service can be small relative to the minimum efficient scale of a single producer as long as the goods or services are not identical.
  3. the size of demand for the good or service relative to the minimum efficient scale of a single producer does not affect competition.
  4. demand for the good or service is large relative to the minimum efficient scale of a single producer.

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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

Economics Multiple Choice Question – 20 November 2018

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

Which of the following is NOT an assumption of perfect competition?

Select ONE answer:

  1. each firm sells an identical product
  2. many buyers
  3. many firms
  4. restricted entry into the industry

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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

Business Studies Multiple Choice Question – 19 November 2018

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

Jones is a small pottery business specialising in manufacturing ceramic plates. You are given the following financial information for March.

Table 37

If it sold 65 plates per month, what would Jones’s Margin Of Safety Sales be for the month? Select ONE answer only:

  1. 20 units
  2. 25 units
  3. 30 units
  4. 40 units

Show your 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 – Margin Of Safety = actual sales – break-even sales ie 65 units – 25 units = 40 units

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

Business Studies Multiple Choice Question – 18 November 2018

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

Jones is a small pottery business specialising in manufacturing ceramic plates. You are given the following financial information for March.

Table 37

If it sold 55 plates per month, what would Jones’s Margin Of Safety Sales be for the month? Select ONE answer only:

  1. 20 units
  2. 25 units
  3. 30 units
  4. 40 units

Show your 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 – Margin Of Safety = actual sales – break-even sales ie 55 units – 25 units = 30 units

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

Business Studies Multiple Choice Question – 17 November 2018

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

Jones is a small pottery business specialising in manufacturing ceramic plates. You are given the following financial information for March.

Table 37

If it sold 45 plates per month, what would Jones’s Margin Of Safety Sales be for the month? Select ONE answer only:

  1. 20 units
  2. 25 units
  3. 30 units
  4. 40 units

Show your 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 – Margin Of Safety = actual sales – break-even sales ie 45 units – 25 units = 20 units

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