Business Finance Quiz

Which one of the following is an element of the design mix? Select one answer.

• Cost

• Price

• Product

• Quality

Which one of the following is an example of an internal source of finance? Select one answer.

• Loan capital

• Selling assets

• Share capital

• Stock market flotation

One drawback to a business of using job production is:

• High cost per unit

• Mass production capability

• Standardized products

• Low customization

Explain one advantage to a business of producing a high quality product.

• Increased customer satisfaction

• Higher production costs

• Reduced market share

• Decreased brand reputation

Which two of the following are likely to be sent to a business by a person applying for a job? Select two answers.

• Application form

• CV

• Job advert

• Job description

• Person specification

Which two of the following are likely to increase the productivity of a business? Select two answers.

• Excessive communication

• Pressure groups

• Retraining employees

• Increased product range

• Introducing new technology

Using the information in Table 1, calculate the average rate of return. You are advised to show your workings.

• 5%

• 10%

• 15%

• 20%

One benefit to a business of having a good relationship with its suppliers is:

• Improved credit terms

• Increased competition

• Higher prices

• Reduced product quality

Explain one advantage to a business of improving its environmental sustainability.

• Increased operational costs

• Enhanced brand reputation

• Decreased employee satisfaction

• Reduced market share

Which one of the following is a barrier to international trade? Select one answer.

• Aesthetics

• Ethics

• Tariffs

• Trade-offs