CTEC Business 2017

CTEC Business 2017

12th Grade

40 Qs

quiz-placeholder

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CTEC Business 2017

CTEC Business 2017

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Warren Beaumont

Used 37+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following would be classified as an external stakeholder of a private limited company?

Directors

Employees

Partners

Pressure Groups

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A Cash Flow Statement:

calculates how much profit a business has made

lists the expected cash inflows and outflows of a business

records the actual money flows of a business

shows the net worth of a business

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A business operating as a partnership:

has at least 2 shareholders

must share profits between the owners

pays corporation tax

requires a cerificate of incorporation

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following functional areas of a business is most likely to be responsible for recruiting new staff?

business support services

Finance

Human Resources

Operations management

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following are likely to be fixed costs for a clothing manufacturer?

Business rates and insurance

Fabric and thread

Sewing machines

Zips and buttons

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

which of the following is the correct definition of the term 'margin of safety'?

the amount by which output can fall before a loss is made

the maximum output that a business can produce

the minimum level of output needed to make a profit

the output level at which no profit or loss is made

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

the role of the manager is lower in status than the role of:

a director

a supervisor

an apprentice

an operative

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