Tag: GCSE

Business Studies Multiple Choice Question – 9 March 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 key feature of enterprise?

Select ONE answer:

  1. Being prepared to take risks
  2. The ability to raise finance
  3. Having support from your family
  4. Having management qualifications

 

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. Being prepared to take risks – is correct because this is a feature of an entrepreneur.
  2. The ability to raise finance – is not correct because this is not a feature of an entrepreneur.
  3. Having support from your family – is not correct because this is not a feature of an entrepreneur.
  4. Having management qualifications – is not correct because this is not a feature of an entrepreneur.

 

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Business Studies Multiple Choice Question – 8 March 2019

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

Lucy, the owner, was keen to find out the views of her jewellery store customers. She asked 200 customers the following question when they were in his shop. “What is the main reason for using my shop?”

The table below shows the results of the customers surveyed.

Table 50

Which conclusion can be drawn from the table?

Select ONE answer:

  1. The quality of work is more important than value for money and opening hours
  2. Most customers are attracted by fast and reliable service
  3. More than 6 customers think the least important reason is the design of the shop
  4. Less than 30 customers are attracted by a fast and reliable service

 

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. The quality of work is more important than value for money and opening hours – is correct because opening hours and value for money are less important than the quality of work.
  2. Most customers are attracted by fast and reliable service – is not correct because most customers are not attracted by fast and reliable service.
  3. More than 6 customers think the least important reason is the design of the shop – is not correct because the data did not provide a rank order of importance for reasons.
  4. Less than 30 customers are attracted by a fast and reliable service – is not correct because 21% of 200 is 42 customers

 

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Business Studies Multiple Choice Question – 7 March 2019

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

Lucy is looking to open another jewelry store across town and is in the process of preparing a business plan to help her make the decision one way or another.

Which one of the following is a reason to produce a business plan?

Select ONE answer:

  1. To reduce the chance of the business failing
  2. To include personal details of staff who will be employed
  3. To provide an opportunity to attract more customers
  4. To guarantee that the business makes a profit

 

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. Reduces the chance of the business failing – is correct because a business plan gives details of cash flow that can reduce the potential of a business failing.
  2. To include personal details of staff who will be employed – is not correct because a business plan would not include personal details.
  3. Provides an opportunity to attract more customers – is not correct because customers will not see the business plan.
  4. Guarantees that the business makes a profit – is not correct because a business plan can estimate profits but cannot guarantee them.

 

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Business Studies Multiple Choice Question – 6 March 2019

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

Lucy is looking to open another jewelry store across town and is in the process of preparing a business plan to help her make the decision one way or another.

Which one of the following is a reason to produce a business plan?

Select ONE answer:

  1. To include personal details of staff who will be employed
  2. To provide an opportunity to attract more customers
  3. To guarantee that the business makes a profit
  4. To help gain potential investors

 

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. To include personal details of staff who will be employed – is not correct because a business plan would not include personal details.
  2. Provides an opportunity to attract more customers – is not correct because customers will not see the business plan.
  3. Guarantees that the business makes a profit – is not correct because a business plan can estimate profits but cannot guarantee them.
  4. Helps to gain potential investors – is correct because it provides investors with the information they require.

 

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Business Studies Multiple Choice Question – 5 March 2019

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

Which action below would improve Lucy’s Jewels cash flow, assuming sales remain the same?

Select ONE answer:

  1. Increase the amount spent on advertising
  2. Add additional products to the range sold
  3. Rent cheaper premises
  4. Employ additional sales staff

 

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. Increase the amount spent on advertising is not correct because it would initially increase cash outflows.
  2. Add additional products to the range sold is not correct because it would initially increase cash outflows.
  3. Rent cheaper premises – is correct because it reduces cash outflow.
  4. Employ additional sales staff is not correct because it would initially increase cash outflows.

 

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