Economics Multiple Choice Question – 6 April 2018

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

Economics is best defined as the study of how people, businesses, governments, and societies?

Select ONE answer:

  1. Make choices to cope with scarcity.
  2. Attain wealth.
  3. Choose abundance over scarcity.
  4. Use their infinite resources.

What is meant by stakeholders or economic agents?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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

Economics Multiple Choice Question – 5 April 2018

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

The most fundamental economic problem is ………?

Select ONE answer:

  1. Security.
  2. The fact the UK imports more goods from foreign countries than we export goods to foreign countries.
  3. Health.
  4. Scarcity.

What is meant by the business objective of “social objectives”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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

Economics Multiple Choice Question – 4 April 2018

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

An incentive ………?

Select ONE answer:

  1. Is the opposite of a tradeoff.
  2. Could be a reward but could not be a penalty.
  3. Could be either a reward or a penalty.
  4. Could be a penalty but could not be a reward.

What is meant by the business objective of “customer satisfaction”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3

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

Business Studies Multiple Choice Question – 3 April 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 rewards associated with starting up a business?

Select ONE answer only:

  1. Business failure
  2. Financial loss
  3. Independence
  4. Lack of security
  5. Losses

Explain one disadvantage to a business of using secondary market research?

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

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

The answer is 3 – The main reward associated with starting up a business is the financial reward of profit. There are also non-financial rewards which include being able to work independently without any interference. The other options are examples of risks associated with starting up a business.

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

Business Studies Multiple Choice Question – 2 April 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 rewards associated with starting up a business?

Select ONE answer only:

  1. Business failure
  2. Financial loss
  3. Lack of Independence
  4. Lack of security
  5. Profit

Explain one advantage to a business of using secondary market research?

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

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

The answer is 5 – The main reward associated with starting up a business is the financial reward of profit. There are also non-financial rewards which include being able to work independently without any interference. The other options are examples of risks associated with starting up a business.

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