Business Studies Multiple Choice Question – 23 January 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 statements is true about using venture capital as a source of finance to start up a business?

Select ONE answer only:

  1. Venture capital is often used to raise small sums of money (e.g. up to £10,000)
  2. Venture capital firms often provide expert management support
  3. Venture capital is simple and quick to arrange
  4. Venture capital does not dilute ownership and control
  5. Venture capital firms do not want a relatively quick return

Name one other source of finance for start-up businesses:

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

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

The answer is 2 – Venture capital is supplied by merchant and specialised commercial banks or venture capital firms. It can be complex and time-consuming to arrange – requiring presentation of an in-depth business plan with detailed financial forecasts. Most venture capitalists are only interested in loans of £50,000 plus, and some of £250,000 plus. Most expect to take a minority shareholding in the business for a set period and to appoint a non-executive director who can provide informed financial and managerial advice and contribute to major decisions.

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Economics Multiple Choice Question – 22 January 2018

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

Which of the following statements is correct?

Select ONE answer:

  1. A change in demand and change in quantity demanded means the same thing.
  2. A change in demand means a shift in the demand curve while a change in the quantity demanded means a movement along the demand curve.
  3. A change in demand means a movement along the demand curve.
  4. A change in the quantity demanded means a shift in the demand curve.

What is meant by “a substitute good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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Economics Multiple Choice Question – 21 January 2018

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

Georgina buys more sweaters when her income increases. For Georgina, sweaters are a …….?
Select ONE answer:

  1. Inferior good
  2. Normal good
  3. Substitute
  4. Compliment

What is meant by “an inferior good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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Economics Multiple Choice Question – 20 January 2018

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

If the price of a DVD player falls, then in the market for DVDs (which is a compliment) …….?

Select ONE answer:

  1. The demand curve for DVDs would shift rightward.
  2. There would be a movement upward along the demand curve for DVDs.
  3. The demand curve for DVDs would shift leftward.
  4. There would be a movement downward along the demand curve for DVDs.

What is meant by “a complementary good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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Economics Multiple Choice Question – 19 January 2018

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

If the price of chicken falls, then in the market for beef (which is complimentary) …….?

Select ONE answer:

  1. The demand curve for beef would shift rightward.
  2. There would be a movement downward along the demand curve for beef.
  3. The demand curve for beef would shift leftward.
  4. There would be a movement upward along the demand curve for beef.

What is meant by “a normal good”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3

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