Category: Business Studies

Business Studies Multiple Choice Question – 19 May 2021

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

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A major manufacturer of breakfast cereals aims to give away more than one billion cereal and snack servings to help poor people in need around the world.

Their strategy is MOST LIKELY to be influenced by which one of the following?

Select ONE answer:

  1. Government legislation
  2. The digital economy
  3. Ethical considerations
  4. Environmental considerations

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct – Definition of ethical considerations, is a set of moral values that a business follows for the greater good.  The manufacturer is responding to the issue of hunger across the world by donating large amounts of products.  They do not have to do this and is therefore acting from an ethical standpoint.
  4. Not correct

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Business Studies Multiple Choice Question – 18 May 2021

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

woman draw a light bulb in white board
Photo by Andrea Piacquadio on Pexels.com

What is the main purpose of Health and Safety legislation?

Select ONE answer:

  1. Protects consumers from harmful products
  2. Ensures that UK businesses do not use slave labour
  3. Ensure that all products are described accurately
  4. It protects people from being harmed in the workplace

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct – Definition of non-price factor: anything apart from price that will change the amount of a good or service supplied at a given price and given time
  3. Not correct
  4. Not correct

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

Business Studies Multiple Choice Question – 17 May 2021

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

woman draw a light bulb in white board
Photo by Andrea Piacquadio on Pexels.com

What is the main purpose of Health and Safety legislation?

Select ONE answer:

  1. Protects consumers from harmful products
  2. Ensures that UK businesses do not use slave labour
  3. Ensure that all products are described accurately
  4. It protects people from being harmed in the workplace

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – Health and Safety legislation is a law passed by government.  UK businesses are required to provide safe working conditions for all of their employees.  Failure to protect employees from injury can result in large fines and imprisonment for business owners and managers.

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

Business Studies Multiple Choice Question – 16 May 2021

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

woman draw a light bulb in white board
Photo by Andrea Piacquadio on Pexels.com

Royal gun maker Alex & Co is considering the market position of its newest range of sporting rifles.

Which of the following is a method of market positioning?

Select ONE answer:

  1. Market sampling
  2. Market mapping
  3. Product orientation
  4. Product range

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct – Market positioning is how you place and differentiate your brand, product or service from your competitors, in the mind of your customers
  3. Not correct
  4. Not correct

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

Business Studies Multiple Choice Question – 15 May 2021

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

woman draw a light bulb in white board
Photo by Andrea Piacquadio on Pexels.com

After an excellent year of trading, Stafford Fun Times Ltd plans to triple the size of its business.

Which one of the following is the most appropriate source of finance for this plan?

Select ONE answer:

  1. Sale of assets
  2. Overdraft 
  3. Debenture 
  4. Trade credit

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct – Definition of debentures: medium to long term unsecured loan or bond for a large amount at a specified rate of interest.  Stafford Fun Times will need substantial funds to resource the doubling of the size of the business.  Debentures are used to raise large sums of money and are therefore suitable for Stafford Fun Times planned expansion.
  4. Not correct

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