Business Studies Multiple Choice Question – 16 January 2020

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

Lucy has a business that designs large fancy new gardens but has sadly recently experienced a fall in sales.

Which ONE of the following would explain this fall sales of Lucy’s business?

 

Select ONE answer:

  1. Weather has been poor over the last few months
  2. Cost of raw materials has fallen
  3. The Bank of England interest rates have remained the same
  4. Lucy’s new improved staff training programme

 

Show the 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

 

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Business Studies Multiple Choice Question – 15 January 2020

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

Lucy started her business four years ago as a sole trader supplying and fitting new bathrooms.  She now wants her business to become a private limited company.  As part of this process, she needs to produce a business plan.

Which ONE of the following would Lucy include in her new business plan?

 

Select ONE answer:

  1. Copy of the design she intends to use on the letter heading
  2. All the receipts and invoices she has incurred in the last 4 years
  3. The names and addresses of her employees
  4. An overview of the nature of her bathrooms business

 

Show the 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

 

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Business Studies Multiple Choice Question – 14 January 2020

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

Lucy started her business four years ago as a sole trader supplying and fitting new bathrooms.  She now wants her business to become a private limited company.  As part of this process, she needs to produce a business plan.

Which ONE of the following would Lucy include in her new business plan?

 

Select ONE answer:

  1. Copy of the design she intends to use on the letter heading
  2. All the receipts and invoices she has incurred in the last 4 years
  3. A projected profit and loss account for her bathrooms business
  4. The names and addresses of her employees

 

Show the 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

 

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Business Studies Multiple Choice Question – 13 January 2020

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

Lucy started her business four years ago as a sole trader supplying and fitting new bathrooms.  She now wants her business to become a private limited company.  As part of this process, she needs to produce a business plan.

Which ONE of the following would Lucy include in her new business plan?

 

Select ONE answer:

  1. Copy of the design she intends to use on the letter heading
  2. A summary of the market research she has carried out
  3. All the receipts and invoices she has incurred in the last 4 years
  4. The names and addresses of her employees

 

Show the 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 2

 

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Business Studies Multiple Choice Question – 12 January 2020

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

Lucy Arts LTD is a UK business selling its art products in Europe. The price per painting is £360.

The exchange rate between the pound and the Dollar is £1 = $2

What would be the cost in Dollars (to the nearest dollar) for a customer if they brought 1000 paintings from Lucy

 

Select ONE answer:

  1. $720,000
  2. $360,000
  3. $270,000
  4. $180,000

 

Show the 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

£360 * 1000 * 2

 

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Business Studies Multiple Choice Question – 11 January 2020

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

Lucy Arts LTD is a UK business selling its art products in Europe. The price per painting is £260.

The exchange rate between the pound and the Euro is £1 = €1.50

What would be the cost in Euros (to the nearest Euro) for a customer if they brought 500 paintings from Lucy Arts Ltd?

 

Select ONE answer:

  1. €86,667
  2. €173,333
  3. €175,500
  4. €195,000

 

Show the 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

£260 * 500 * 1.5

 

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Business Studies Multiple Choice Question – 10 January 2020

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

Gold, a commodity, is mined in countries such as South Africa, and traded across the world?

Which ONE of the following would increase the price of gold?

 

Select ONE answer:

  1. Improved gold mining technology increasing output
  2. Decreased levels of tax on gold
  3. Falling income of consumers
  4. Increased cost of mining gold

 

Show the 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

 

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