Tag: GCSE

Business Studies Multiple Choice Question – 26 June 2019

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

CCBM Ltd manufactures high-quality stationery.

 

What would be the main reason for CCBM Ltd to produce high-quality stationery? 

Select ONE answer:

  1. tax revenue for the government
  2. goods that meet the needs of customers
  3. orders for suppliers
  4. jobs for the local community

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2

  1. gaining revenue from the government would not be a reason for producing high-quality chairs.
  2. Correct – providing a product that meets the needs of customers is.
  3. providing orders for suppliers is not a reason for producing high-quality chairs.
  4. providing jobs for the local community is not a reason for producing high-quality chairs.

 

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Business Studies Multiple Choice Question – 25 June 2019

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

CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.

Table 59

Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:

Select ONE answer:

  1. had total costs of £540 000
  2. made a profit of £60 000
  3. made a loss of £310 000
  4. had a cash inflow of £370 000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

  1. Correct – adding fixed and variable together = £540 000
  2. revenue minus variable = £60 000 incorrect
  3. variable minus fixed = £310 000 incorrect
  4. revenue minus fixed = £ 370 000 incorrect

 

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Business Studies Multiple Choice Question – 24 June 2019

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

CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.

Table 59

Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:

Select ONE answer:

  1. made a loss of £75 000
  2. made a profit of £60 000
  3. made a loss of £310 000
  4. had a cash inflow of £370 000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

  1. Correct – add £115 000 and £425 000 minus £485 000 gives a loss of £75 000
  2. revenue minus variable = £60 000 incorrect
  3. variable minus fixed = £310 000 incorrect
  4. revenue minus fixed = £ 370 000 incorrect

 

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Business Studies Multiple Choice Question – 23 June 2019

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

Which ONE of the following is a tax on the profit made by a private limited company in the UK?

Select ONE answer:

  1. Value Added Tax
  2. Distribution Tax
  3. Income Tax
  4. Corporation Tax

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. VAT is a tax on sales.
  2. Distribution Tax is a tax by the Indian Government
  3. Income tax is a tax on wages/salaries.
  4. Correct – Corporation is a tax on profit.

 

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Business Studies Multiple Choice Question – 22 June 2019

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

Which ONE of the following best defines the term innovation?

Select ONE answer:

  1. Identifying a gap in the market for developing a new product
  2. Spending money on the purchase of replacement equipment
  3. Transforming new ideas into products that can be marketed
  4. Applying for a patent on a recently developed new product

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

  1. innovation is not knowing where the gap is.
  2. nothing to do with innovation.
  3. Correct – bringing a new idea onto the market is innovation.
  4. putting a patent on a product is not innovation.

 

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