
AP2 Revision - 1.5 Topics
Authored by Sarah-Jane Pattison
Other
10th Grade
Used 1+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following best defines the term stakeholder? Select one answer.
An owner of a private limited company
Someone with an interest in the success of a business
Any individual who takes decisions within a business
An individual who owns shares in a business
2.
OPEN ENDED QUESTION
3 mins • 3 pts
Explain one possible conflict that can exist between owners and workers of a business.
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 3 pts
Explain one disadvantage to a small business of meeting all employment legislation.
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a definition of an exchange rate?
The flow of goods and services into a country
The value of one currency in terms of another currency
A tax on a particular good or service
When businesses operate on an international scale
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which two of the following are possible impacts on a small business of lower interest rates?
Higher fixed costs
Lower insurance premiums
Customers more likely to purchase using credit
Lower costs of borrowing money
Increased variable costs due to higher loan repayments
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which two of the following are types of technology that could be used by a business? Select two answers.
Consumer law
Crowd funding
Digital communication
Marketing mix
Payment systems
7.
OPEN ENDED QUESTION
3 mins • 3 pts
Explain one benefit to employees of employment law.
Evaluate responses using AI:
OFF
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