Tag: GCSE

Business Studies Multiple Choice Question – 21 February 2018

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

A business pays annual interest of £1812.50 on a bank loan of £155,500.

Which one of the following is the annual interest the business pays as a percentage of the amount borrowed?

Select ONE answer only:

  1. 5.17
  2. 4.17
  3. 3.17
  4. 2.17
  5. 1.17

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – £1812.50 / £155,500 x 100 = 1.17% 

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

Business Studies Multiple Choice Question – 20 February 2018

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

A business pays annual interest of £812.50 on a bank loan of £15,500.

Which one of the following is the annual interest the business pays as a percentage of the amount borrowed?

Select ONE answer only:

  1. 0.052
  2. 0.52
  3. 5.2
  4. 52
  5. 520

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – £812.50 / £15,500 x 100 = 5.2%

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

Business Studies Multiple Choice Question – 19 February 2018

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

A business pays annual interest of £412.50 on a bank loan of £5,500.

Which one of the following is the annual interest the business pays as a percentage of the amount borrowed?

Select ONE answer only:

  1. 0.075
  2. 0.75
  3. 7.5
  4. 75
  5. 750

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – £412.50 / £5,500 x 100 = 7.5%

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

Business Studies Multiple Choice Question – 18 February 2018

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 the correct definition of break even?

Select ONE answer only:

  1. When the quantity sold equals the quantity produced to sell
  2. When fixed costs equal variable costs
  3. When total quantity equals total costs
  4. When total revenue equals total costs
  5. When total fixed costs equals total variable costs

Explain one disadvantage to a business of using break-even analysis?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – Break even is the output or sales level at which a business’s total revenue equals its total costs (ie fixed and variable costs). Up to this point a loss will be made. After this point the business will make a profit.

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

Business Studies Multiple Choice Question – 17 February 2018

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

Which ONE of the following are examples of how entrepreneurs can use market mapping?

Select ONE answer only:

  1. To identify market prices
  2. To identify the location of competitor businesses
  3. To identify where competing products fall across two dimensions
  4. To identify the best location for a new business
  5. To advertise to customers where the business is located

Explain one disadvantage to a business of using a market map?

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – Market mapping is used to illustrate where existing products in a market fall in relation to two variables considered important to customers. These variables are two-dimensional (eg high price versus low price, high quality versus low quality) and form the X and Y axis on the map. Once existing products in a particular market have been plotted, potential gaps in the market can be identified.

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