Tag: A-Level

Business Studies Multiple Choice Question – 10 August 2021

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

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Fast food chain McDonald’s consistently reaches number one in the Top 100 Global Franchise Rankings. 

Which one of the following is an advantage of buying a McDonald’s franchise?

Select ONE answer:

  1. Using an established brand name
  2. Making all your own decisions
  3. Finding your own suppliers
  4. Keeping all the profits

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 1

  1. Correct – is wrong because employees are more empowered as flexible eCorrect – Definition of a franchise: e.g. A way of running a business that allows an individual or business to pay for the right to use another firm’s branding, product knowledge and systems for a prescribed period of time. McDonald’s is a global fast food chain and recognised by consumers everywhere and symbolised. Which means buyers of McDonald’s franchises will find it easier and much less risky to build a fast food business rather than starting with an unknown and new business name.
  2. Not correct – franchisees cannot make all the decisions because some decisions are made by the franchisor .
  3. Not correct – the franchisor controls the suppliers.
  4. Not correct – the franchisee will be required to pay a share of profits to the franchisor.

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Economics Multiple Choice Question – 9 August 2021

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

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The UK has low unemployment and is managing the float of Sterling against other major currencies, but it still has a persistent current account deficit on its balance of payments.

Which policy to reduce this deficit is most likely to keep unemployment low, but cause inflation in the UK?

Select ONE answer:

  1. depreciating its currency
  2. higher direct taxation
  3. higher import tariffs
  4. higher interest rates

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

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

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Economics Multiple Choice Question – 8 August 2021

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 most likely in the UK to be increased by a policy of increased direct taxes and lower government spending?

Select ONE answer:

  1. The the balance of payments deficit
  2. the budget deficit
  3. the rate of inflation
  4. the level of unemployment

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

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

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Economics Multiple Choice Question – 7 August 2021

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

Photo by Kelly Lacy on Pexels.com

What does the Marshall-Lerner condition state must be present for a depreciation of a currency to cause an improvement in the current account balance?

Select ONE answer:

  1. The price elasticity of demand for exports and the price elasticity of demand for imports are both greater than one.
  2. The price elasticity of demand for exports and the price elasticity of demand for imports are both less than one.
  3. The sum of the price elasticity of demand for exports and the price elasticity of demand for imports is greater than one.
  4. The sum of the price elasticity of demand for exports and the price elasticity of demand for imports is less than one.

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 3

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

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Economics Multiple Choice Question – 6 August 2021

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

Photo by Kelly Lacy on Pexels.com

The UK & the USA trade with each other. The UK imposes a general tariff of 20% on imports from the USA. 

In which circumstances would the imposition of the tariff be unfavourable to the UK?

Select ONE answer:

  1. if the UK is seeking to protect its infant industries
  2. if the UK lacks the capacity to produce import substitutes
  3. if imports from the USA have been dumped in the UK
  4. if imports of manufactured goods from the USA are price elastic

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

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

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

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

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