Edexcel Unit 3 Business Studies (only Multiple Choice Answers)

12 Questions
Edexcel Unit 3 Business Studies (only Multiple Choice Answers)
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Questions and Answers
  • 1. 
    Business finance can come from either internal or external sources. (a) Which of the following is an internal source of finance? (1) Select one answer
    • A. 

      A loan from a bank.

    • B. 

      An overdraft.

    • C. 

      Selling assets.

    • D. 

      A stock market flotation.

  • 2. 
    • A. 

      Price.

    • B. 

      Product.

    • C. 

      Promotion

    • D. 

      Place.

  • 3. 
    Select one answer.
    • A. 

      Decline

    • B. 

      Maturity.

    • C. 

      Growth.

    • D. 

      Introduction.

  • 4. 
    A business breaks even at the level of output where: (1) Select one answer.
    • A. 

      Total profits = total costs

    • B. 

      Fixed costs = total revenue

    • C. 

      Variable costs = fixed costs

    • D. 

      Total revenue = total costs.

  • 5. 
    Which of the following is most likely to be a barrier to effective communication between workers? (1) Select one answer.
    • A. 

      De-stocking.

    • B. 

      Poor customer service.

    • C. 

      Pressure groups.

    • D. 

      Use of jargon.

  • 6. 
    Apple produces home electronics, including strong brands like the iPod and iPhone, for the mass market. Product design is an important part of its success. (a) Product design is most likely to help a business: (1) Select one answer.
    • A. 

      Generate quantitative research.

    • B. 

      Differentiate its products.

    • C. 

      Improve its organisational structure.

    • D. 

      Reduce productivity.

  • 7. 
    • A. 

      Increased repeat purchases.

    • B. 

      Lower profits.

    • C. 

      Lower margin of safety.

    • D. 

      Increased cash outflows.

  • 8. 
    Which of the following is a cash inflow? (1) Select one answer.
    • A. 

      Payments to suppliers.

    • B. 

      Purchasing assets.

    • C. 

      Longer credit terms for customers.

    • D. 

      Taking out a bank loan.

  • 9. 
    Which of the following is an environmental problem resulting from a business select one answer
    • A. 

      Lower profits

    • B. 

      Higher costs

    • C. 

      Pollution

    • D. 

      Poor communication

  • 10. 
    Which of the following best describes the term minimum wage? Select one answer
    • A. 

      A fixed yearly payment paid monthly

    • B. 

      A payment made to employees for working extra hours

    • C. 

      The lowest amount legally a firm can pay its employees

    • D. 

      A payment for reaching an employees target

  • 11. 
    • A. 

      Revenue by more than costs

    • B. 

      Fixed costs

    • C. 

      Variable cots by more than fixed costs

    • D. 

      Ticket prices

  • 12. 
    • A. 

      Maturity

    • B. 

      Decline

    • C. 

      Growth

    • D. 

      Introduction