Business Studies Multiple Choice Question – 5 August 2018

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

Which ONE of the following is a result of being a sole trader?

Select ONE answer only:

  1. The owner is only liable for the money that they invest in the business
  2. The business owner is likely to face a greater risk
  3. The business owner can take all the profits of the business
  4. The business owner can sell shares to raise money
  5. The business owner has to pay an accountant to do audit their accounts

Discuss the reasons why customers may trust a private limited company more than a sole trader

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3 – The others are not true or apply to limited liability companies only.

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Business Studies Multiple Choice Question – 4 August 2018

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

Which ONE of the following is a result of being a sole trader?

Select ONE answer only:

  1. The owner is only liable for the money that they invest in the business
  2. The business owner is likely to face a greater risk
  3. The business owner receives will have greater control of the business
  4. The business owner can sell shares to raise money
  5. The business owner has to pay an accountant to do audit their accounts

Explain ONE reason why a business may choose to become a private limited company

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3 – The others are not true or apply to limited liability companies only.

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Business Studies Multiple Choice Question – 3 August 2018

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

Which ONE of the following is a benefit of operating as a sole trader?

Select ONE answer only:

  1. The business owner can benefit from limited liability
  2. The business has to repay all loans instantly
  3. The owner receives all the business’s revenues
  4. The owner is liable for all of the business’s debts
  5. The owner has to pay an accountant to do their taxes

Discuss the likely benefits to a business of changing from a sole trader to a private limited company.

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4 – The others are not true or apply to limited liability companies.

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Business Studies Multiple Choice Question – 2 August 2018

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

Which ONE of the following is a cash outflow from a business?

Select ONE answer only:

  1. Encouraging customer payment
  2. Sales revenue
  3. Receiving a bank loan
  4. Purchasing assets
  5. Cutting raw material costs

Explain ONE reason why a strong cash flow is important to a business.

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4 – The others would improve cash-flow to a business by increasing cash inflows or decreasing cash outflows.

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Business Studies Multiple Choice Question – 1 August 2018

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

Which ONE of the following is a definition of the term “break-even level of output”?

Select ONE answer only:

  1. The level of output at which total profits = total costs
  2. The level of output at which total fixed costs = total revenue
  3. The level of output at which total variable costs = total fixed costs
  4. The level of output at which total fixed costs = total profits
  5. The level of output at which total revenue = total costs

Explain ONE reason why a business owner might want to reduce the variable cost per unit.

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – The others are not characteristics of an entrepreneur especially 4 which is not a requirement to be an entrepreneur to have academic qualifications but might be useful as is 5.

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Business Studies Multiple Choice Question – 31 July 2018

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

Which ONE of the following is a characteristic of an entrepreneur?

Select ONE answer only:

  1. A very wealthy family background
  2. A willingness to undertake a new venture
  3. Someone who is not willing to take risks
  4. An education to at least up to a university degree
  5. Someone who was a member of the Scouting Association

Explain ONE method a business could use to add value to its products.

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – The others are not characteristics of an entrepreneur especially 4 which is not a requirement to be an entrepreneur to have academic qualifications but might be useful as is 5.

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

Business Studies Multiple Choice Question – 30 July 2018

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

Which ONE of the following is a characteristic of an entrepreneur?

Select ONE answer only:

  1. A very wealthy family background
  2. A preparedness to take risks
  3. Someone who is not willing to take risks
  4. An education to at least up to a university degree
  5. Someone who was a member of the Scouting Association

Explain ONE reason why customer service is an important need that businesses should meet.

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – The others are not characteristics of an entrepreneur especially 4 which is not a requirement to be an entrepreneur to have academic qualifications but might be useful as is 5.

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