AQA GCSE Business - End of Year 10

Which of the following is a benefit to an entrepreneur operating as a sole trader?

• Can sell shares

• 
  Easy to set up

• Limited liability

• Many owners

Which of the following states that products must be described accurately?

• Consumer Law

• Employment Law

• Health and Safety Law

• Minimum Wage Law

Which of the following is a factor of production?

• Land

• Opportunity Cost

• Profit

• Specialisation

Which of the following is likely to be an effect on businesses if there is high unemployment in the economy?

• 
  Demand for products rise

• Profits go down

• There are fewer people available to work

• Wages go up

Which of the following means employees are only employed at times when the business needs them?

• Full-time working

• Zero-Hour Contracts

• Low-skilled work

• Job Share

Which of the following is most likely to be an objective of shareholders?

• Having a decrease in share price

• Having an increase in the cash outflows of the business

• Increasing the dividends

• Increasing the risks facing the business

Which of the following best describes a span of control?

• The number of employees a manager looks after directly

• 
  The number of employees without a manager

• The number of levels of authority in a management structure

• The total number of managers in a business

Which of these is a type of diseconomy of scale?

• Increased motivation

• Investment in technology

• Lower average unit costs

• Poor communication

Which of the following would be an objective of the local community? 

• Businesses maximising profit

• Businesses paying higher dividends

• Businesses paying lower wages

• Businesses reducing environmental impact

Which of the following types of business have no restrictions on who shares can be sold to?

• Partnership

• Private Limited Company

• Public Limited Company

• Sole Trader