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WorksheetsA293 Tom's Toys
Total questions: 25
Worksheet time: 13mins
How much did unemployment rise by in Bowton, between 2008 and 20011?
8,000
6,000
7,000
5,000
Between 2008 and 20011 more businesses closed than open.
True
False
What year did the Bowton regeneration plan start?
2008
2011
2010
2012
How many jobs had been created in Bowton by 2018?
7,000
700
8,000
800
With 3 new housing developments, the population of Bowton is expected to ...
rise, people from outside the town will move in
stay the same, more people from the town will have a home
According to the 'report on the UK toy market', which type of toy is selling well online?
computer games
traditional toys
electronic toys
board games
What type of business is Tom's Toys?
Sole trader
Partnership
Franchise
Private Limited Company
Tom's Toys gets ???? % of his products from the EU.
10%
70%
30%
40%
What could happen to Tom's business if we leave the EU?
He may have to put up his prices as goods may cost more from the EU (import tariffs)
Nothing if we stay in the customs union
He may be able to export goods to other countries more easily outside the EU
All of the above
GG Toys is a Ltd company
True
False
GG Toys moved production to China in 2010
True
False
Where is the head office of GG Toys?
London
Bowton
China
GG Toys sells ?? % of it's products to businesses in the EU
30%
70%
50%
40%
Who are GG Toys customers?
Other businesses
Individual customers
Suggest one fixed cost that Tom may have
Rent
Wages
Toys
Suggest one variable cost Tom may have
Toys
Rent
Salaries
What does 100% capacity mean in terms of production?
A business can produce more
A business is producing the most it can
Which cost rises when production rises?
Variable costs
Fixed costs
Indirect costs
Long term costs
Which is not an economy of scale?
Risk-bearing
Purchasing
Financial
Flow
When costs don't fall with increased production, this is known as..
Economies of scale
Diseconomies of scale
Job production
What is the formula for profit?
Revenue - costs
Total costs - fixed costs
Revenue - sales
What is the formula for profit margin %
Gross profit / buying price x 100
Revenue / buying price x 100
Gross profit / selling price x 100
Revenue / selling price x 100
In April Tom has a negative cash-flow balance of -£4,660, the reason for this is mainly due to ..
fall in sales
rise in costs
fall in costs
Suggest one suitable method of finance for Tom's negative cash flow if it is short-term
Overdraft
Loan
Sell shares
Sell more
Suggest one suitable method of finance for Tom's cash flow problems if they are longer term
Bank loan
Overdraft
Sell more shares
Increase sales
