Tag: KS3

Business Studies Multiple Choice Question – 21 May 2023

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

man welding round window frame
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In 2022, Hurricane Lucy destroyed Alex’s engineering business.

He took out a £20m loan and remortgaged his house to restart his business.

Which one of the following entrepreneurial characteristics best describes Alex’s actions?

Select ONE answer

  1. Profit satisficer
  2. Resilient personality
  3. Social entrepreneur
  4. Risk avoider

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct – because profit satisficers would have borrowed the minimum amount of money
  2. Correct – Definition of entrepreneurial characteristics e.g. personality traits that an entrepreneur will have in order to start and run a successful business. Alex oses his business and goes to considerable lengths to restart it e.g. re-mortgages his house. He is not willing to accept defeat/closure and is determined to continue, which demonstrates resilience.
  3. Not correct – because Alex has not indicated any intention to reinvest profits in any social enterprise, which is an entrepreneurial motive rather than a characteristic
  4. Not correct – because a risk avoider would not risk his house

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Business Studies Multiple Choice Question – 23 December 2022

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

man welding round window frame
Photo by Kateryna Babaieva on Pexels.com

Read statements 1 and 2 and select the correct option from the following options:

  • Statement 1: ‘According to Taylor, piece rate payments will usually motivate workers.’
  • Statement 2: ‘According to Herzberg, piece rate payments will usually motivate workers.’

Select ONE answer

  1. Statement 1 is true. Statement 2 is true
  2. Statement 1 is true. Statement 2 is false
  3. Statement 1 is false. Statement 2 is true
  4. Statement 1 is false. Statement 2 is false

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct  
  3. Not correct
  4. Not correct

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

Business Studies Multiple Choice Question – 16 December 2022

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

man welding round window frame
Photo by Kateryna Babaieva on Pexels.com

A business experiencing a lower level of capacity utilisation than usual may benefit because it …..?

Select ONE answer

  1.  reduces the average costs of production.
  2. provides more time for maintenance and repair of machinery.
  3. can increase employee morale, because employees feel more secure in their jobs.
  4. represents a more efficient use of capital equipment.

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct  
  3. Not correct
  4. Not correct

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

Business Studies Multiple Choice Question – 14 December 2022

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

man welding round window frame
Photo by Kateryna Babaieva on Pexels.com

A ‘hard’ approach to human resource management would…?

Select ONE answer

  1. focus on the most efficient use of capital equipment
  2. treat employees as a resource to be used as efficiently as possible
  3. view workers as a valuable asset to be developed
  4. focus solely on better recruitment methods to improve employee engagement.

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct  
  3. Not correct
  4. Not correct

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

Business Studies Multiple Choice Question – 11 December 2022

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

man welding round window frame
Photo by Kateryna Babaieva on Pexels.com

Public limited companies usually pay ordinary shareholders their share of the profits in the form of?

Select ONE answer

  1. inventory
  2. dividends
  3. fixed interest payments
  4. retained profits

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS5 classes

The answer is 2

  1. Not correct
  2. Correct  
  3. Not correct
  4. Not correct

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

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