Tag: A-Level

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

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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

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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

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Accounting Multiple Choice Question – 24 March 2018

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

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £400k
  • Inventory £385k
  • Accounts Receivables £340k
  • Bank Account £210k
  • Cash £50K
  • Accounts Payable £365k
  • Long-term Bank Loan £1800k
  • Reserves  £250k
  • Share Capital £200k
  • Revenue  £5,800k
  • Cost-of-Sales  £4,400k
  • Net Profit Margin  £600k
  • Purchases  £2,800k

What is Wood Angel’s Capital Gearing percentage ratio?

Select ONE answer:

  1. 80.00
  2. 79.00
  3. 78.00
  4. 76.00
  5. 75.00

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

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

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

The answer is 1 – £1800k / (£1800k + £250k + £200k) * 100 = 80.00%

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Accounting Multiple Choice Question – 23 March 2018

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

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £400k
  • Inventory £385k
  • Accounts Receivables £340k
  • Bank Account £210k
  • Cash £50K
  • Accounts Payable £365k
  • Long-term Bank Loan £1800k
  • Reserves  £250k
  • Share Capital £200k
  • Revenue  £5,800k
  • Cost-of-Sales  £4,400k
  • Net Profit Margin  £600k
  • Purchases  £2,800k

What is Wood Angel’s Trade Payable Days ratio?

Select ONE answer:

  1. 11.43
  2. 47.58
  3. 2.93
  4. 31.94
  5. 1.82

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

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

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

The answer is 2 – £365k / £2,800k * 365 days = 47.58 days

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