Tag: KS4

UK High Street retailer, Mothercare, announced in 2019 that it was closing down all of its UK retail outlets.

This is MOST LIKELY due to an increase in….?

Select ONE answer:

1. competition
2. supplier credit terms
3. cash flow
4. turnover

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 1

1. Correct – Correct – Definition of competition e.g. rivalry among sellers or a substitute business in the same market. More competition may lead to Mothercare losing customers to its competitors. Therefore Mothercare may have had to close its stores due to fewer customers and lower sales, and thus less profits
2. Not correct
3. Not correct
4. Not correct

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The employees at JCB’s UK factories have been awarded a generous 5% pay increase and a £2,000 yearly bonus.

This is MOST LIKELY to result in….?

Select ONE answer:

1. an increase in self-actualisation
2. a reduction in safety needs
3. an increase in empowerment
4. a reduction in labour turnover

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 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – Definition of labour turnover e.g. the proportion of a workforce who leave within a specified time period.  The pay increase and bonus may reward/motivate employees at JCB.  This could result in fewer employees wanting to leave JCB due to the higher pay for the same amount of work.

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

PolyPlac, an international supplier of plastics, has to prepare yearly budgets. It uses historical-based budgeting to calculate its sales and production budgets.

Historical-based budgeting is MOST Likely to be?

Select ONE answer:

1. prepared from scratch
2. planned more carefully
3. more accurate
4. quick to prepare

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 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – Definition of historical-based budgeting e.g. a budget based on figures from previous years.  PolyPlac will use their current sales and production budgets as a basis for the new budget.  This method of budgeting is therefore very easy to produce as it does not entail any complex calculations.

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