Unit 5 Revision Quiz

Unit 5 Revision Quiz

3rd - 4th Grade

30 Qs

quiz-placeholder

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Unit 5 Revision Quiz

Unit 5 Revision Quiz

Assessment

Quiz

Other

3rd - 4th Grade

Practice Problem

Medium

Created by

Christopher Cook

Used 7+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by ‘external influence’ in business?

A decision made by the manager

An internal policy change

A factor outside the business's control that affects it

A staff meeting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an economic influence on business?

Changes in customer tastes

Changes in interest rates

Change in employee motivation

Change in office layout

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If interest rates rise, what is the likely impact on a business with a loan?

Decreased loan repayments

Increased sales

Increased loan repayments

Reduced fixed costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stakeholder is most interested in receiving dividends from a business?

Suppliers

Customers

Shareholders

Employees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a pressure group?

A government department

A group that encourages poor business practice

An organisation aiming to influence business decisions

A customer group complaining about prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a likely objective of a pressure group?

Increase profits

Raise interest rates

Improve ethical practices

Reduce marketing costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a legal influence on business?

Rise in raw material costs

Employment law

Change in competitor pricing

Customer needs

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