LESSONNEW
MCQ 2018
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10th - 11th grade
Business
emorel_73052
4 hours ago
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  • Slide 1
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    Revision Quiz

    MCQ 2018

  • Question 2
    30 seconds
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    Q.

    Which two of the following are reasons why a sole trader would become a private limited company? Select two answers.

    answer choices

    The business will have unlimited liability

    The risk of losing personal assets is reduced

    The business can keep financial records confidential

    Shareholders are liable for all debts

    Increased ability to raise finance

  • Question 3
    30 seconds
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    Q.

    Which two of the following are examples of market segments for a computer games shop? Select two answers.

    answer choices

    Rival computer games shop

    Members of a computer club

    Computer games adverts

    Market research of computer games

    Teenagers who play computer games

  • Slide 4
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    The next questions apply to this scenario.

  • Question 5
    45 seconds
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    Q.

    Which two of the following would improve the competitiveness of MME against other local music shops?

    Select two answers.

    answer choices

    Offering advice on rare records

    Reducing opening hours

    Providing a low-priced delivery service

    A new competitor opens in the local area

    Advertising on national television

  • Question 6
    45 seconds
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    Q.

    The bank has increased the interest rate on MME’s existing loan from 6.5% to 8%.

    Identify two effects of this change on MME.

    Select two answers.

    answer choices

    Decreased net cash flow

    Increased variable costs

    Decreased fixed costs

    Increased cash outflows

    Increased profit

  • Question 7
    45 seconds
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    Q.

    Which two of the advertisements above would break employment legislation when

    recruiting a drummer for a band?

    Select two answers.

    answer choices
  • Question 8
    30 seconds
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    Q.

    Which one of the following would be a non-financial objective for Max?

    answer choices

    Generating wealth

    Personal satisfaction

    Maximising profit

    Regular income

  • Question 9
    30 seconds
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    Q.

    Which one of the following would be a benefit for MME if it delayed paying its suppliers?

    answer choices

    Increased profit

    Increased cash flow

    Reduced interest payments

    Improved relationship with suppliers

  • Question 10
    45 seconds
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    Q.

    Which three of the following are examples of changes that could be made to the marketing mix of a small business?

    answer choices

    Employing additional marketing staff

    Conducting secondary market research

    Offering ‘buy one get one free’

    Selling the product online

    Introducing new items for sale

  • Question 11
    45 seconds
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    Q.

    Which two of the following are advantages to a business of using venture capital?

    answer choices

    It decreases access to additional finance

    The business would not have to produce a business plan

    The business can benefit from expert advice

    It allows more access to finance

    The business will pay a lower rate of Corporation Tax

  • Question 12
    30 seconds
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    Q.

    Which one of the following would be a reason to set up a new business as a franchise?

    answer choices

    A franchisee can buy supplies from any supplier

    The wage rates for all the franchises are the same

    Franchisees can make all their own decisions

    A franchise has a lower risk of failure

  • Slide 13
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    The next questions are about 'Go Jewels'

  • Question 14
    60 seconds
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    Q.

    What are the monthly total costs for Go Jewels?

    answer
    3480
    alternatives
    £3480
    3480.00
    3480,00
  • Question 15
    45 seconds
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    Q.

    Which three of the actions below would improve Go Jewels’ cash flow, assuming sales remain the same?

    answer choices

    Buy cheaper raw materials

    Increase the price of each item

    Add additional products to the range sold

    Employ additional sales staff

    Rent cheaper premises

  • Question 16
    45 seconds
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    Q.

    Go Jewels is opening another shop in the next town. A business plan is being produced.

    Which two of the following are the main reasons for producing a business plan? Select two answers.

    answer choices

    To include personal details of staff who will be employed

    To provide an opportunity to attract more customers

    To reduce the chance of the business failing

    To guarantee that the business makes a profit

    To help gain potential investors

  • Question 17
    120 seconds
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    Q.

    Calculate the cash outflow for January

    answer
    13
  • Question 18
    120 seconds
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    Q.

    Calculate the net cash flow for February

    answer
    -4
    alternatives
    (4)
  • Question 19
    120 seconds
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    Q.

    Calculate the closing bank balance for March

    answer
    -11
    alternatives
    (11)
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