Business Studies Multiple Choice Question – 8 May 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 might be sources of added value for a newsagent business?

Select ONE answer only:

Being the only newsagent providing deliveries of daily newspapers
Creating a market map
Paying high weekly wages to workers
Having lots of local competition
Having a business plan

Discuss why a business may find it difficult to add value to its product and services?

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

The answer is 1 – This is a value-added activity, the rest are normal business activities

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Business Studies Multiple Choice Question – 7 May 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 are examples of a service?

Select ONE answer only:

  1. A school desk
  2. A train carriage
  3. A tonne of coal
  4. A knife and fork
  5. Menu advice in a restaurant

Give TWO examples of the way new business ideas can be generated?

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

The answer is 5 – This is a service, the rest are goods

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Business Studies Multiple Choice Question – 6 May 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 are examples of a service?

Select ONE answer only:

  1. Education in a state school
  2. A school desk
  3. A train carriage
  4. A tonne of coal
  5. A knife and fork

Explains ONE reason why someone might want to set up their own business?

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

The answer is 1 – This is a service, the rest are goods

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Business Studies Multiple Choice Question – 5 May 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 are examples of a service?

Select ONE answer only:

  1. A school desk
  2. A train carriage
  3. A tonne of coal
  4. A train journey 
  5. A knife and fork

Explain ONE way in which a gap in the market creates a business opportunity?

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

The answer is 4 – This is a service, the rest are goods

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Business Studies Multiple Choice Question – 4 May 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 describes the role of an entrepreneur?

Select ONE answer only:

  1. Being employed by a large organisation
  2. A willingness to take risks
  3. Having sufficient money to start a new business
  4. Being able to work alone
  5. Being motivated by wanting to be famous

Explain ONE opportunity that the introduction of new technology creates for a business?

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

The answer is 2 – Entrepreneurs are risk-takers who have an initial business idea, and the willingness and confidence to see it through.

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Accounting Multiple Choice Question – 3 May 2018

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

Wood Sparrow Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £0.8M
  • Inventory £0.7M
  • Accounts Receivables £0.7M
  • Bank Account £0.4M
  • Cash £0.1M
  • Accounts Payable £0.9M
  • Long-term Bank Loan £2M
  • Reserves  £0.5M
  • Share Capital £0.5M
  • Revenue  £10.8M
  • Cost-of-Sales  £9M
  • Net Profit Margin  £1M
  • Purchases  £5.1M

What is Wood Sparrow’s Capital Gearing percentage ratio?

Select ONE answer:

  1. 69.66
  2. 68.00
  3. 67.66
  4. 67.00
  5. 66.66

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

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This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 5 – £2M / (£2M + £0.5M + £0.5M) * 100 = 66.66%

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Accounting Multiple Choice Question – 2 May 2018

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

Wood Sparrow Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £0.8M
  • Inventory £0.7M
  • Accounts Receivables £0.7M
  • Bank Account £0.4M
  • Cash £0.1M
  • Accounts Payable £0.9M
  • Long-term Bank Loan £2M
  • Reserves  £0.5M
  • Share Capital £0.5M
  • Revenue  £10.8M
  • Cost-of-Sales  £9M
  • Net Profit Margin  £1M
  • Purchases  £5.1M

What is Wood Sparrow’s Trade Payable Days ratio?

Select ONE answer:

  1. 12.86
  2. 23.66
  3. 64.41
  4. 28.4
  5. 1.82

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

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

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 3 – £0.9M / £5.1M * 365 days = 64.41 days

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