Tag: GCSE

The sales revenue for the Sloe Gin market has grown by 3% in 2022 compared with sales of £700 million in 2021.

What is the new sales revenue for the market?

Select ONE answer:

1. £21 million
2. £700 million
3. £721 million
4. £1,421 million

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 – £700M * 1.03 = £721M
4. Not correct

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Alex, CEO of Staffordshire Engineering, refers to himself as a ‘caring dictator’ and has created a culture where all employee opinions are listened to.

Which one of the following leadership styles would most apply to Alex?

Select ONE answer:

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

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 – because a laissez-faire leadership style is non-authoritarian and Alex does control his employees.
2. Not correct – because democratic leaders are prepared to share all decision-making and Alex only listens to his Employees.
3. Not correct – because an autocratic leader would make all the important decisions with no involvement from workers and would not listen to the opinions of the employees.
4. Correct – Definition of paternalistic e.g. the leader acts as a father figure to employees. Alex does look after his employees and listens to their opinions. Alex refers to himself as a ‘caring dictator’ indicating that whilst he listens to employees, he makes the final decisions.

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

Global recessions will cause many businesses to see a significant fall in revenue.

Which business is most likely to see a fall in revenue during a recession?

Select ONE answer:

1. Discount food retailer
2. Fast food takeaway
3. Bus company
4. Travel agent

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 – because a discount food retailer may have a negative YED and therefore will see an increase in revenue during the recession.
2. Not correct – because fast food takeaways may see an increase in revenue as consumers switch to cheaper food rather than going to expensive restaurants.
3. Not correct – because a bus company can be regarded as an inferior good and may see revenue increase as consumers cannot afford to travel by car.
4. Correct – Definition of recession e.g. two consecutive quarters of negative growth OR definition of revenue e.g. total amount of trading income generated by sales. During a recession many people’s incomes are likely to be reduced so they are unlikely to go on holiday. Demand for holidays fall therefore reducing the revenue of travel agents.

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