Accounting Multiple Choice Question – 18 August 2020

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

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What are assets?

Select ONE answer:

  1. items that are bought for long-term use by a business
  2. items that are expected to be turned into cash in the near future
  3. items that are owned by or owed by a business
  4. items that are owned by or owed to a business 

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

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

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

The answer is 4

  1. Not correct – only non-current assets
  2. Not correct – prepayments cannot be turned into cash
  3. Not correct – includes creditors
  4. Correct

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Accounting Multiple Choice Question – 17 August 2020

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

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What is the purpose of book-keeping?

Select ONE answer:

  1. to interpret the double entry records
  2. to prepare financial statements at regular intervals
  3. to record all the financial transactions of the business
  4. to summarise the financial position of the business

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

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

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

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct
  4. Not correct

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Business Studies Multiple Choice Question – 16 August 2020

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

An organisational chart shows?

 

Select ONE answer:

  1. The role of employees and where they fit in the business.
  2. What products the business sells.
  3. The details of salaries and wages of all employees in the organisation.
  4. How the organisation communicates with its customers.

 

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 August 2020

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

Which ONE of the following best describes the Internet?

 

Select ONE answer:

  1. Where a business has an online presence.
  2. Where a business links all of its computers together in a network.
  3. A global network of computers which exchange information.
  4. A website hosted by an Internet Service Provider (ISP).

 

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 August 2020

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

Which ONE of the following best describes the term ‘communication’?

 

Select ONE answer:

  1. The ability to talk clearly in public.
  2. The ability to make people listen to important information.
  3. Where a receiver has to listen to information.
  4. Two people, a sender and a receiver, transferring information.

 

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