Tag: AQA

Business Studies Multiple Choice Question – 7 January 2022

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

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James Dyson made thousand’s of prototypes when designing his first bagless vacuum cleaner; all of them turned out to be failures.

This fact best demonstrates James Dyson’s …

Select ONE answer:

  1. ethical stance
  2. risk-taking
  3. initiative
  4. resilience

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – Resilience means not giving up easily/determination to succeed. It is a key characteristic of a successful entrepreneur. Which, given the high number of prototypes this is evident of James Dyson’s resilience.

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Business Studies Multiple Choice Question – 6 January 2022

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 Government tries to encourage banks to increase lending to small businesses.

Which one of the following is true about bank loans given to small businesses?

They are ….

Select ONE answer:

  1. often secured against assets
  2. an internal method of finance
  3. usually short term compared to overdrafts
  4. a form of trade credit

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 – A loan is a method of finance which is repaid over a specific period of time/medium or long term/with interest. Lending to small businesses can be risky. Therefore banks often require security/collateral to reduce the risk.
  2. Not correct
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 18 December 2021

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

apple devices books business coffee
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The following information relates to a product:

  1. fixed costs – £72,000
  2. desired profit – £30,000
  3. selling price per unit – £10
  4. variable cost per unit – £4

How many units must be produced and sold to cover fixed costs and make the desired profit?

Select ONE answer:

  1. 12,000 units
  2. 17,000 units
  3. 18,000 units
  4. 25,500 units

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 2

  1. Not correct
  2. Correct ==> £72K + £30k = £102k / (£10 – £4) ==> 17,000 units
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 17 December 2021

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

apple devices books business coffee
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What is the result when you have an under-absorption of fixed overhead?

Select ONE answer:

  1. absorption based on actual expenditure and actual activity
  2. activity above budget
  3. activity below budget
  4. expenditure below budget

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 3

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

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

Accounting Multiple Choice Question – 16 December 2021

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

apple devices books business coffee
Photo by Serpstat on Pexels.com

The following information applies to X Ltd.

output (units) sales £000 profits £000

750 750 100
1000 1000 250

What is the contribution to sales ratio?

Select ONE answer:

  1. 25%
  2. 40%
  3. 60%
  4. 87%

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 3

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

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