Economics Multiple Choice Question – 12 July 2019

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

Which of the following is an example of capital as a factor of production?

Select ONE answer:

  1. the airspace above an airport used by airlines
  2. cars used by a taxi firm in a city
  3. money used to set up a steel producing firm
  4. shares sold by an expanding insurance firm

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

  1. This is an example of land.
  2. Correct: cars are a human-made good used to produce a service.
  3. This is not a factor of production.
  4. This is also not a factor of production.

 

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Business Studies Multiple Choice Question – 11 July 2019

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

Identify ONE method a company could use to immediately improve cash-flow.

 

Select ONE answer:

  1. Allow customers to pay later
  2. Launch an expensive advertising campaign
  3. Increase stocks of raw materials
  4. Pay suppliers later

 

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 – 10 July 2019

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

A slogan is MOST likely to be associated with which of the following?

 

Select ONE answer:

  1. Pricing strategy
  2. Quality assurance
  3. Strong branding
  4. Stock control

 

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 – 9 July 2019

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 the MOST likely advantage to a business from improved customer loyalty?

 

Select ONE answer:

  1. Lower margin of safety
  2. Higher revenue
  3. Lower productivity
  4. Higher break-even point

 

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 – 8 July 2019

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

What is a calculated risk?

 

Select ONE answer:

  1. Weighing up the probability of profit or loss.
  2. The total revenue received from sales over a period of time.
  3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
  4. A document outlining the responsibilities and duties expected to be carried out by someone.

 

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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