Business Studies Multiple Choice Question – 11 July 2021

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

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Lucy’s website, a company that builds web applications, adopts flexible employment practices such as employees choosing their own working hours, lunchtimes and holidays. 

This is most likely to lead to a decrease in?

Select ONE answer:

  1. empowerment
  2. motivation
  3. productivity
  4. labour turnover

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 – is wrong because employees are more empowered as flexible employment gives employees more control or responsibility.
  2. Not correct – is wrong because motivation is likely to increase because employees have more choice over working conditions 
  3. Not correct – is wrong because productivity is likely to increase because employees will work harder when they are given more flexibility over their working conditions
  4. Correct – Definition of labour turnover e.g. the proportion of a workforce who leave within a year.  Lucy’s Employees may feel  more valued; happier; or more motivated.  Which would therefore reduce the number of employees who choose to leave Lucy’s company

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Business Studies Multiple Choice Question – 10 July 2021

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

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Nando’s is a high street fast food chain with over 300 restaurants in the UK. Only a few of these restaurants serve Halal chicken.

This is an example of?

Select ONE answer:

  1. niche marketing
  2. social media marketing
  3. mass marketing
  4. viral marketing

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 – Definition of design mix e.g. the combination of function, aesthetics and economic manufacture in the overall design.  Economic manufacture is concerned with how cheaply the cola can be made.  Tesco need to make the cola Correct – Definition of niche marketing e.g. selling to a small section/sub-section of market with distinct features.  In this case selling food which is targeting Muslim customers/customers who only eat Halal chicken.  Sales may increase for Nando’s because they are providing for specific needs of some of its customers.
  2. Not correct – is wrong because this when a business uses social networks to advertise its products rather than selling to just one group of customers
  3. Not correct – is wrong because mass marketing would be aimed at the whole of the population and this is only aimed at people who eat Halal chicken
  4. Not correct – is wrong because this involves spreading Nando’s name via the internet to other customers rather than providing a type of chicken product

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Business Studies Multiple Choice Question – 9 July 2021

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

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Tesco sells a two-litre bottle of Coca Cola for £3. It also sells its own brand, called Everyday Value Cola, at 20p for a two-litre bottle. 

Which element of the design mix of Everyday Value Cola would be the most important to Tesco?

Select ONE answer:

  1. Economic manufacture
  2. Aesthetics
  3. Function
  4. High quality

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 – Definition of design mix e.g. the combination of function, aesthetics and economic manufacture in the overall design.  Economic manufacture is concerned with how cheaply the cola can be made.  Tesco need to make the cola as cheap as possible so that it can be sold for 20p needed to ensure low costs to enable a profit to be made.
  2. Not correct – is wrong because consumers will not be concerned about how the cola looks as they are purchasing it due to the low price
  3. Not correct – is wrong because though value cola has to function as a drink and be suitable for consumers to buy, the taste is not the most important aspect when the price is just 20p.
  4. Not correct – is wrong because quality would not be the most important consideration as the cola is only 20p and it is a value brand/ quality is not an element of the design mix

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Business Studies Multiple Choice Question – 8 July 2021

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

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Lucy, the manager at The Alex Pet Parc Emporium in Stoke, has weekly meetings with her staff where they all discuss and jointly agree targets for the business.

Which ONE of the following leadership styles is Lucy using? 

Select ONE answer:

  1. Paternalistic
  2. Autocratic
  3. Democratic
  4. Laissez-faire

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 – paternalistic leader might organise a weekly meeting but would still make the final decision
  2. Not correct – an autocratic leader would make all the decisions and dictate the targets to the employees
  3. Correct – Definition of democratic leadership style e.g. democratic leaders are prepared to share decision-making with employees. Decision-making for the business is not made by Tony alone/ targets are set by all employees at the weekly meetings.  This may result in the employees feeling more motivated as they are involved in decision-making.
  4. Not correct – a laissez-faire leader would give employees complete freedom to set targets without any involvement by them

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Business Studies Multiple Choice Question – 7 July 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 Arcade coffee bar in Stone in the centre of this town.  Its budgeted sales for June were 1,500 coffees sold at a price of £1.40 each.  Actual sales in June were 1,350 units at £1.50 each.

The manager calculated the sales variance to be?

Select ONE answer:

  1. £2,100 adverse
  2. £2,100 favourable
  3. £75 adverse
  4. £75 favourable

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 – Definition of sales variance e.g. the difference between a budgeted figure and the actual figure.  Actual sales: 1350 x £1.5 = £2,025.  Budgeted sales: 1500 x £14 = £2,100.  £2,025 – 2,100 (1) = £75 adverse 
  4. Not correct

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