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IGCSE Business Studies

Total questions: 100

Worksheet time: 1hrs 8mins

Name
Class
Date
1.
what is unlimited liability?
a)
Personal possessions CAN be taken to repay a debt
b)
Personal possessions CANNOT be taken to repay a debt
2.
What is a sole trader?
a)
One person who works for a business
b)
One person who sues a business
c)
One person who leaves a business
d)
One person who owns and runs a business
3.
what does PLC stand for?
a)
Public Limited Company
b)
Private Limited Company
4.
What happens in the primary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
5.
What happens in the secondary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
6.
What happens in the tertiary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
7.
What sector would a SCHOOL be part of?
a)
Primary
b)
Secondary
c)
Tertiary
8.
Which sector would a FACTORY be part of?
a)
Primary
b)
Secondary
c)
Tertiary
9.
What is a franchise?
a)
When a person buys from a business
b)
When a person buys the rights to a business
c)
When a person owns a new business
d)
When a person sues a business
10.
What is a shareholder?
a)
A person who invests in a business
b)
A person who takes interest in a business
11.
Which of the following is not an advantage of buying a franchise?
a)
Make more profit
b)
Access to a successful business idea
c)
Lower costs
d)
Have total control of a business
12.
What benefit does limited liability give an entrepreneur?
a)
More sales
b)
Access to greater market information
c)
Reduced number of competitors
d)
Protection of personal assets
13.
This term is used to describe a payment system when people get paid according to what they produce?
a)
Piece rate pay
b)
Pay per product
c)
Commission
d)
Pay for what you make
14.
Name the four elements of the Marketing Mix? 
a)
Product, price, promotion, place
b)
Product, price, promotion, people
c)
Product, price, promotion, packaging
d)
Product, price, postage, people
15.
Leadership style that listens to employees and encourages their opinions.
a)
Democratic
b)
Laissez Faire
c)
Autocratic
d)
Paternalistic
16.
What is an arrangement where a business buys the rights to trade under the name as an existing business called.
a)
Franchise
b)
Sole Trader
c)
Merger
d)
Acquisition
17.
Which of the following is NOT a benefit of being a sole trader?
a)
Keep all the profit
b)
Make own decisions
c)
Easy to set up
d)
Long hours
18.
Which of the following has unlimited liability?
a)
Private Limited Company
b)
Public Limited Company
c)
Franchise
d)
Sole Trader
19.
What is an example of a service?
a)
A bus journey
b)
a bus
A bus
c)
a bus stop
A bus stop
20.
What is a car an example of?
a)
A Cost
b)
A service
A Service
c)
A Product/Good
21.
What is a consumer?
- best answer
a)
A consumer is someone who buys goods for their own use.
b)
A consumer is someone whos sell goods for profit.
c)
A consumer runs a business as a CEO.
d)
A consumer is someone who buys goods and services for their own use.
22.

Sally wants to start a new juice bar, but finds that there are many other juice bars in the area already. Which of the following shows her business environment accurately?

a)

Increased competition, easier ease of entry

b)

Decreased competition, easier ease of entry

c)

Decreased competition, harder ease of entry

d)

Increased competition, harder ease of entry

23.

Which of the following is not an indication fo the maturity stage of the produce life cycle?

a)

Large continual growth

b)

The threat of future business stagnation

c)

The need to maintain focus and direction

d)

Levelling off of growth to a more steady level

24.

What is the major difficulty during the establishment stage?

a)

Advertising

b)

Cash flow

c)

Sourcing quality employees

d)

Sourcing equipment

25.

A business developing a new app is an example of which influence?

a)

Institutional

b)

Product

c)

Technological

d)

Resources

26.

Something which distinguishes one business from its rivals, placing it an advantageous position is called

a)

Competition

b)

Competitive situation

c)

Competitive edge

d)

Competitive advantage

27.

The attitude that internal stakeholders (e.g. management) create within the firm is called

a)

The business model

b)

Ownership

c)

Competitive advantage

d)

Business culture

28.

Which of the following are not internal stakeholders?

a)

Owners

b)

Employees

c)

Management

d)

The environment

29.

What is the business culture?

a)

A notion that concentrates its main economic output upon businesses

b)

The attitude that stakeholders such as management bring to the business

c)

How willing and motivated employees are to work

d)

The process by which a creditor studies a business to see the chance a proposed strategy may fail before it gives financial aid

30.

Someone with an interest or concern in a business' activities is known as a

a)

Manager

b)

Stakeholder

c)

Customer

d)

Government

31.

For which business legal structure is the goal of maximising share price and a share of profits most relevant?

a)

Sole trader

b)

Partnership

c)

Private company

d)

Public company

32.

Which of the following internal influences affects the setting up of a mining company?

a)

Product

b)

Location

c)

Business Culture

d)

Competitive Situation

33.
What does SWOT stand for? 
a)
Strength, Weakness, Others, Time
b)
Strength, Weakness, Opportunity, Time
c)
Strength, Weakness, Opportunities, Threats
d)
Strengths, Worries, Others,Time
34.
In business there are 2 main types of costs. F__________ and V_________ Costs. 
a)
Fixed, Variable
b)
First, Varied
c)
Fine, Varied
d)
Fixed, Varied
35.
B2B stands for?
a)
Back To Back
b)
Business To Business
c)
Best To Best
d)
Back To Business
36.
The UK Economy is divided in the _________ sector and the ___________ sector.
a)
Primary, Public
b)
Public, Secondary
c)
Primary, Secondary
d)
Public, Private
37.
Name the four elements of the Marketing Mix? 
a)
Product, price, promotion, place
b)
Product, price, promotion, people
c)
Product, price, promotion, packaging
d)
Product, price, postage, people
38.
Who designed the hierarchy of needs?
a)
Frederick Herzberg
b)
Wilfred Taylor
c)
Elton Mayo
d)
Abraham Maslow
39.
 What is a market segment?
a)
A part of a market e.g. age, gender
b)
A piece of cake
c)
Part of a person e.g. age, gender
d)
Smaller part of a larger market e.g. shop
40.
What is meant by a multinational business?
a)
A big business
b)
A business that operates in more than one country
c)
A big business that owns many other businesses
d)
Walmart
41.
What is unemployment?
a)
The figure the government uses to compare people out of work
b)
When a person is available to work, is looking for work, but has no work
c)
When someone doesn't have a job
d)
Students
42.
Match the definition with the correct term:
The combination of price, product, place and promotion is known as ...
a)
A Marketing Mix
b)
B Lateral thinking
c)
C Venture Capital
d)
D Unique Trading Name
43.
Fill in the blank.  __________ is a form of business that is owned by one person.
a)
Partnership
b)
Shareholders
c)
Sole Trader
d)
Liability
44.
New competitor on the market is:
a)
Opportunity
b)
Threat
c)
Strenght
d)
Weakness
45.
Which is a good? 
a)
Toothpaste
b)
Haircut
c)
Getting a pedicure
d)
playground
46.
Which is a service?
a)
shoes
b)
phone cases
c)
haircuts
d)
book
47.
What is Primary Research?
a)
Primary Research involves gathering new data that has not been collected before. For example, surveys using questionnaires or interviews with groups of people in a focus group.
b)
Primary Research involves gathering existing data that has already been produced. For example, researching newspapers
c)
Primary Research involves gathering existing data that has already been produced. For example, researching the internet
d)
Primary Research involves gathering existing data that has already been produced. For example, researching company reports.
48.
What is Secondary Research?
a)
involves gathering new data that has not been collected before. For example, surveys using questionnaires or interviews with groups of people in a focus group.
b)
involves gathering existing data that has already been produced. For example, researching the internet, newspapers and company reports.
49.

What is Quantitative data

a)

Numbers,

b)

Opinions

50.

What is Qualitative data

a)

Numbers

b)

Opinions

51.

What is a "Sample Group"

a)

A small group selected to to take part in a survey

b)

A group of people used to ask people to complete a survey

c)

A group of people within a target audience

d)

A family

52.

A business uses online methods to spread a message. This is known as..

a)

Viral Marketing

b)

Data collection

c)

Social media

d)

Newspapers

53.

Cadbury has innovation the Dairy Milk to contain pieces of Banana. To encourage people to buy the product they price it at 45p. This is known as

a)

Price Reduction

b)

Penetrating Price

c)

Exported Price

d)

Promotion

54.

Cadbury chocolate has alot of competitors in its market. They have a lot of returning customer.. This is known as

a)

Customers

b)

Customer Loyalty

c)

Negative comments

d)

Returning employees

55.

Tom has gone to the same hair dresser for the last 20 years. This is know as..

a)

Repeat Purchase

b)

Success

c)

Innovation

d)

Customer Loyalty

56.

A brand is

a)

A sign or symbol

b)

An image

c)

A named product that is seen as different to other products

d)

A combination of letters and images

57.

Heinz are reviewing their advertising policies. This is know as what area of the marketing mix?

a)

Price

b)

Promotion

c)

Product

d)

Place

e)

Pictures

58.
What does SWOT stand for? 
a)
Strength, Weakness, Others, Time
b)
Strength, Weakness, Opportunity, Time
c)
Strength, Weakness, Opportunities, Threats
d)
Strengths, Worries, Others,Time
59.
In business there are 2 main types of costs. F__________ and V_________ Costs. 
a)
Fixed, Variable
b)
First, Varied
c)
Fine, Varied
d)
Fixed, Varied
60.
Who designed the hierarchy of needs?
a)
Frederick Herzberg
b)
Wilfred Taylor
c)
Elton Mayo
d)
Abraham Maslow
61.
 What is a market segment?
a)
A part of a market e.g. age, gender
b)
A piece of cake
c)
Part of a person e.g. age, gender
d)
Smaller part of a larger market e.g. shop
62.
What is meant by a multinational business?
a)
A big business
b)
A business that operates in more than one country
c)
A big business that owns many other businesses
d)
Walmart
63.
Match the definition with the correct term:
The combination of price, product, place and promotion is known as ...
a)
A Marketing Mix
b)
B Lateral thinking
c)
C Venture Capital
d)
D Unique Trading Name
64.
Fill in the blank.  __________ is a form of business that is owned by one person.
a)
Partnership
b)
Shareholders
c)
Sole Trader
d)
Liability
65.

Which of the following are not internal stakeholders?

a)

Owners

b)

Employees

c)

Management

d)

The environment

66.

Someone with an interest or concern in a business' activities is known as a

a)

Manager

b)

Stakeholder

c)

Customer

d)

Government

67.

Which of the following internal influences affects the setting up of a mining company?

a)

Product

b)

Location

c)

Business Culture

d)

Competitive Situation

68.

In order to increase the business’s market share, Vanessa’s Cosmetics offers large discounts for online purchases.

What external influence in the business environment is this?

a)

Financial

b)

Economic

c)

Competitive Situation

d)

Technology

69.

The decision to drop prices and vary the products sold at Kofi’s Koffees was made after a new café opened up across the road.

What is the most likely reason for this decision?

a)

A change in the geographic situation

b)

A change in technology brought by the new café

c)

A change to the competitive situation

d)

A change to the approach by management

70.
Which of these is an example of an external stakeholder?
a)
Employees
b)
Customers
c)
Employers
d)
Shareholders
71.

What video game is this screen grab from?

a)

Grand Theft Auto

b)

Fortnite

c)

Overwatch

d)

Minecraft

72.

Who lives in a pineapple under the sea?

a)

P. Diddy

b)

Scooby Doo

c)

Fred Flintstone

d)

SpongeBob Squarepants

73.

Who is this entertainer?

a)

Jennifer Lopez

b)

Nicki Minaj

c)

Cardi B

d)

Taylor Swift

74.

What is this dance move called?

a)

Whip & Nae Nae

b)

Sprinkler

c)

Floss

d)

Spasm

75.

Ariana Grande married this SNL actor after only a couple months of dating.

a)

Will Ferrell

b)

Kenan Thompson

c)

Eminem

d)

Pete Davidson

76.
What restaurant has this logo?
a)
Burger King
b)
McDonald's
c)
Carl's Jr
d)
In N Out
77.
What is this logo?
a)
Chrome
b)
Yahoo
c)
Firefox
d)
Instagram
78.
This movie made the most money in 2015.
a)
Jurassic World
b)
Star Wars Episode VII: The Force Awakens
c)
The Hunger Games: Mockingjay Part 2
d)
Minions
79.
What was Pixar’s first movie?
a)
Toy Story
b)
A Bug's Life
c)
Finding Nemo
d)
Cars
80.
Who is the main character in The Hunger Games?
a)
Beatrice "Tris" Prior
b)
Katniss Everdeen
c)
Harry Potter
d)
Ronald Weasley
81.
Who is this?
a)
Mr. Wookiee
b)
Hans Solo
c)
Chewbacca
d)
Darth Vader
82.
Name this cartoon?
a)
Poke'mon
b)
Digimon
c)
Yu-Gi-Oh!
d)
Yu-Gi-Oh!Zexel
83.
Who does Johnny Depp play in the Pirates of the Caribbean films?
a)
Captain Nemo
b)
Blackbeard the Pirate
c)
Spongebob 
d)
Captain Jack Sparrow
84.
Which of the following is NOT a name of Ninja Turtle?
a)
Michelangelo
b)
Donatello
c)
Galileo
d)
Raphael
85.
Who was the original Disney Princess?
a)
Ariel
b)
Cinderella
c)
Snow White
d)
Jasmine
86.
The biggest planet with the most moons is________
a)
Saturn
b)
Jupiter
c)
Uranus
d)
Neptune
87.
Which bird builds the tiniest bird's nest in the world?
a)
Kingfisher
b)
Pigeon
c)
Bee hummingbirds
d)
Sparrow
88.
Name the longest reptile in the world.
a)
Viper
b)
King Cobra
c)
Alligator lizard
d)
Anaconda snake
89.
Maori are the indigenous people of __________
a)
Australia
b)
New Zealand
c)
Cambodia
d)
Fuji
90.
"A metal ball and a rubber ball of the same size is dropped in the same time"
Which ball reaches the ground first?
a)
Metal ball
b)
Rubber ball
c)
Both balls
d)
No ball 
91.
It lays eggs. It belongs to ______
a)
Bird
b)
Reptile
c)
Mammal
d)
None of the above
92.
This fruit is rich in ____
a)
vitamin B
b)
vitamin C
c)
minerals
d)
water
93.
This cartoon character derived from _____
a)
snail
b)
sea star
c)
fish
d)
jelly fish
94.
What is this emoji stand for?
a)
Surprise
b)
Happy
c)
Cool
d)
Blind
95.
Which of these animals is a big cat?
a)
Buffalo
b)
Sea gull
c)
Leopard
d)
Tiger
96.
Does a person with insomnia have trouble with...
a)
Eating
b)
Walking
c)
Sleeping
d)
Breathing
97.
What letter appears twice in _beneath?
a)
A
b)
B
c)
E
d)
T
98.

What Kpop Group is this

a)

Bangtan Boys

b)

BTS

c)

Um..I dont know

d)

Unknowen

99.

Who are these lovely girls??

a)

Blackpink

b)

Blackpink in your area~~

c)

Pink Black

d)

I dont know :/

100.

Hopefully you liked the Quiz!!

a)

LOVED IT

b)

AWESOME

c)

COULD BE BETTER

d)

MR SWANN IS THE BEST

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