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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Business Studies Multiple Choice Question – 30 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

Table 42

 

Which element of the Boston Matrix is represented by box Y?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 29 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

 

Table 41

Which element of the Boston Matrix is represented by box Y?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 28 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

Table 40

Which element of the Boston Matrix is represented by box X?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 27 December 2018

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

The figure below shows a diagram of the Boston Matrix.
Table 39

Which element of the Boston Matrix is represented by box W?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 19 November 2018

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

Jones is a small pottery business specialising in manufacturing ceramic plates. You are given the following financial information for March.

Table 37

If it sold 65 plates per month, what would Jones’s Margin Of Safety Sales be for the month? Select ONE answer only:

  1. 20 units
  2. 25 units
  3. 30 units
  4. 40 units

Show your 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 – Margin Of Safety = actual sales – break-even sales ie 65 units – 25 units = 40 units

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