Tag: A-Level

A Sole Trader is?

Select ONE answer:

1. Is owned by shareholders
2. Has limited liability
3. Has unlimited liability
4. Has “Ltd” after its name
5. Is only legal for 5 years

Explain ONE reason why people set up in business as a sole trader:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 3 – A sole trader has unlimited liability

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A manufacturing business is?

Select ONE answer:

1. In the primary sector
2. Always a private limited company
3. In the tertiary sector
4. Labour intensive
5. In the secondary sector

What is meant by the primary sector?:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 5 – In the secondary sector.  A mine or oil well would be an example of a primary business whilst and accountant would be in the tertiary sector.

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If you write a new book, it is protected by?

Select ONE answer:

1. A patent
2. A copyright
3. A copy note
4. A portent
5. A trade war

Explain your answer:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – A copyright.  A patent protects a new product invention or idea, the rest are nonsense ideas.

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An example of a tertiary business is?

Select ONE answer:

1. An oil company
2. A car manufacturer
3. A farmer
4. A mining company
5. An accountant

Give TWO other examples of tertiary organisations:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 5 – An accountant – the others are primary or secondary businesses.

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What is a quality circle?

Select ONE answer:

1. Areas in a factory where quality is 100%
2. A roundabout way of reducing productivity
3. A means of paying staff
4. A voluntary group of staff who meet to find ways of improving quality
5. A discussion forum to agree on pay rates

Explain one benefit of introducing quality circles:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 4 – These groups are made up of staff who look at ways to improve quality.

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