Category: Business Studies

Business Studies Multiple Choice Question – 25 March 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 not an example of a component of a business plan?

Select ONE answer only:

  1. Business idea
  2. Business aims and objectives
  3. Market research
  4. Cash flow statement
  5. Profit & Loss forecast

Explain one way that changing consumer needs could create a new opportunity for a business?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – The components of a business plan will include a cash flow ‘forecast’, but not a cash flow ‘statement’. A statement shows what HAS happened (in terms of receipts, payments, net cash flows and bank balances for each month), as opposed to a forecast which shows what is planned or anticipated to happen.

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Business Studies Multiple Choice Question – 28 February 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 true statement about private limited companies (Ltd’s)?

Choose ONE answer only:

  1. They are not owned by shareholders
  2. They have to have at least two directors
  3. They do not have a separate legal identity from the business’s owners
  4. The owners have limited liability
  5. They do not have to pay corporation tax

Explain one disadvantage to a business of having limited liability?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – A private limited company has to have at least one director. Private limited companies have a separate legal identity to the business’s owners (called shareholders) and are subject to corporation tax, which is a tax on company profits.

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Business Studies Multiple Choice Question – 27 February 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 true statement about private limited companies (Ltd’s)?

Choose ONE answer only:

  1. They are owned by shareholders
  2. They have to have at least two directors
  3. They do not have a separate legal identity from the business’s owners
  4. The owners do not have limited liability
  5. They do not have to pay corporation tax

 

Explain one advantage to a business of having limited liability?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – A private limited company has to have at least one director. Private limited companies have a separate legal identity to the business’s owners (called shareholders) and are subject to corporation tax, which is a tax on company profits.

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Business Studies Multiple Choice Question – 26 February 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 an advantage of using a bank loan to finance a business?

Choose ONE answer only:

  1. Less flexible than overdrafts
  2. Regular interest payments are incurred
  3. Collateral is often required to offer as security for the loan
  4. Relatively straightforward to arrange
  5. Can be recalled before the agreed date

Explain one advantage to a business of using a bank loan to finance a business?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – As long as a business can produce evidence that the loan is likely to be repaid within the time agreed, they are relatively straightforward to arrange. In addition, unlike overdrafts, they cannot be recalled before the agreed date. The other three options are all disadvantages of bank loans.

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Business Studies Multiple Choice Question – 25 February 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 an advantage of using a bank loan to finance a business?

Choose ONE answer only:

  1. Less flexible than overdrafts
  2. Regular interest payments are incurred
  3. Collateral is often required to offer as security for the loan
  4. Relatively difficult to arrange
  5. Cannot be recalled before the agreed date

Explain one disadvantage to a business of using a bank loan to finance a business?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – As long as a business can produce evidence that the loan is likely to be repaid within the time agreed, they are relatively straightforward to arrange. In addition, unlike overdrafts, they cannot be recalled before the agreed date. The other three options are all disadvantages of bank loans.

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