Tag: GCSE

Business Studies Multiple Choice Question – 4 January 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 reason why a sole trader would become a private limited company?

Select ONE answer:

  1. The business will have unlimited liability
  2. The risk of losing personal assets is reduced
  3. The business can keep financial records confidential
  4. Shareholders are liable for all debts

 

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. The business will have unlimited liability – is not correct because a Ltd company does have limited liability.
  2. The risk of losing personal assets is reduced – is correct because for a Ltd company the risks are lower than a sole trader due to limited liability.
  3. Can keep financial records confidential – is not correct because a Ltd company has to publish accounts.
  4. Shareholders are liable for all debts – is not correct because shareholders are only liable for the amount they invest.

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Business Studies Multiple Choice Question – 3 January 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 an example of a market segment for a computer games shop?

Select ONE answer:

  1. Rival computer games shop
  2. Computer games adverts
  3. Market research on computer games
  4. Teenagers who play computer games

 

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. Rival computer games shop – is not correct because it is not a market segment.
  2. Computer games adverts – is not correct because it is not a market segment.
  3. Market research on computer games – is not correct because it is not a market segment.
  4. Teenagers who play computer games – is correct because it is part of a market segmented by age.

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

Business Studies Multiple Choice Question – 2 January 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 an example of a market segment for a computer games shop?

Select ONE answer:

  1. Rival computer games shop
  2. Members of a computer club
  3. Computer games adverts
  4. Market research on computer games

 

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. Rival computer games shop – is not correct because it is not a market segment.
  2. Members of a computer club – is not correct because members of a computer club are a segment by interest.
  3. Computer games adverts – is not correct because it is not a market segment.
  4. Market research on computer games – is not correct because it is not a market segment

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

Business Studies Multiple Choice Question – 1 January 2019

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

The Stafford Crisp Company Ltd is a regional potato crisp manufacturer based in Staffordshire. It packages its crisps in tubs. Rivals such as Walkers and Golden Wonder use packets. The Stafford Company’s first large order came when its sales team won a contract to supply 25 Tesco supermarkets across Staffordshire.

Identify one method the Stafford Crisp Company could use to improve its cash flow.

Select ONE answer:

  1. Allow Tesco’s 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’s to pay later – incorrect because this means The Stafford 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 Stafford 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 – 31 December 2018

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