
CTEC Business 2017
Authored by Warren Beaumont
Business
12th Grade
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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