Tag: Edexcel

A business plan is?

Select ONE answer:

1. A guarantee of success
2. Produced by the bank
3. Likely to include a marketing and financial plan
4. A legal requirement
5. Only required by companies

Explain one possible benefit of producing a business plan for potential investors:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3 – will normally include a marketing and financial plan amongst other sections.

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A stakeholder is ….?

Select ONE answer:

1. Is always an owner of the business
2. Is an individual or group affected by a firm’s actions
3. Must be an employee of the business
4. Must be linked to the government
5. Must be a customer

State four stakeholders groups:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2 – Stakeholders are individuals or groups affected by a firm’s decision either internally like an employee or externally like a customer.

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A cash-flow forecast estimates?

Select ONE answer:

1. Future profits
2. Future assets
3. Future sales
4. Future inflows and outflows of cash
5. Costs

Why might a sale not increase a firm’s cash-flow?:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4 – A cash-flow forecast estimates future inflows and future outflows of cash

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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.

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