Tag: GCSE

Business Studies Multiple Choice Question – 1 June 2019

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

Lucy runs a business called LucyArts. She has seen her business expand over recent years and has employed more illustrators. Lucy explained her vision for the future of LucyArts at a meeting with the illustrators.

Which one of the following entrepreneurial qualities did Lucy demonstrate by explaining her vision?

Select ONE answer:

  1. Willingness to take risks
  2. Being lucky
  3. Independence
  4. Leadership

 

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. entrepreneurial does not always mean that they are willing to take risks and is not a quality.
  2. being lucky is not an entrepreneurial quality
  3. independence is not a quality.
  4. Correct – leadership is a quality.

 

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Business Studies Multiple Choice Question – 31 May 2019

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

Stakeholders have an interest in the success of a business. All stakeholders……

Select ONE answer:

  1. invest money in the business
  2. work for the business
  3. have a share of the profit
  4. have different objectives

 

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. stakeholders may invest money into a business but not always.
  2. some stakeholders may work for the business – but you do not have to.
  3. they may have a share in the profit but not all stakeholders do.
  4. Correct – they have different objectives – the reasons why they want the business to be successful.

 

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Business Studies Multiple Choice Question – 27 March 2019

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

Identify ONE method the Staffordshire Crisp Company could use to improve its cash flow.

Select ONE answer:

  1. Allow Tesco supermarkets to pay later
  2. Pay potato farmers earlier
  3. Purchase new machinery
  4. Reduce its stocks of potatoes

 

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. Allow Tesco supermarkets to pay later – incorrect because this means The Staffordshire Crisp Company will be lengthening its debtors’ period. This will cause cash flow to deteriorate.
  2. Pay potato farmers earlier – incorrect because this means the Staffordshire Crisp Company will be shortening its creditors’ period. This will cause cash flow to deteriorate.
  3. Purchase new machinery – incorrect because this involves significant capital outlay, which will increase cash outflows. This will cause cash flow to deteriorate.
  4. Reduce its stocks of potatoes – correct because this would release cash tied up in stock, which would improve cash flow.

 

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Business Studies Multiple Choice Question – 26 March 2019

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

Wagamama has lively open kitchens where chefs flip food in flaming woks.  This is likely to be a source of?

Select ONE answer:

  1. competitive pricing
  2. promotion
  3. quality assurance
  4. quality control

 

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. Competitive pricing – incorrect because flipping flaming woks would not have an impact on pricing decisions.
  2. Promotion – correct because flipping flaming woks makes the kitchens livelier, which, in turn, attracts customers.
  3. Quality assurance – incorrect because flipping flaming woks would not be an example of quality being checked at each stage of the production process.
  4. Quality control – incorrect because flipping flaming woks would not be an example of quality being checked at the end of the production process.

 

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Business Studies Multiple Choice Question – 25 March 2019

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

What are shareholders?

Select ONE answer:

  1. A visual means of showing where a product is positioned in the market.
  2. Groups or individuals with an interest in the success of a business.
  3. Solving problems using a creative approach.
  4. The wants and desires of potential buyers of goods and services.

 

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

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