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WorksheetsYear 10 GCSE Business (9-1) End of Year 2
Total questions: 30
Worksheet time: 17mins
Machinery is an example of which factor of production:
Land
Labour
Capital
Enterprise
A business which grows potatoes and makes them into crisps is said to be operating in the:
Primary and secondary sectors
Primary and tertiary sectors
Secondary and tertiary sectors
Primary, secondary & tertiary sectors
Which of the following is an advantage of growth through opening new stores?
Growth may be dependent on overall market growth
Less risky than taking over other businesses
Fast way of growing market share compared to external growth
New stores are guaranteed to be successful
Last year, a business sold 19,600 units and made £98,000 in revenue. Its annual fixed costs were £30,000 and its variable cost per unit was £1.10. How much profit did it make last year?
£46,440
£68,000
£76,440
£128,000
Which type of business is likely to have increasing shareholder value as an objective?
Sole trader
Partnership
Public limited company
Not-for-profit organisation
The most likely advantage of being a sole trader business is being able to:
Share decision making
Raise large amounts of finance
Keep all profit made
Receive dividend payments
A business sells 450,000 units per year. Fixed costs per year are £370,000 and variable costs are £1.20 per unit the businesses total costs are:
£444,000
£540,000
£820,000
£910,000
Which of the following statements best describes an entrepreneur?
Someone who buys a product from a business
Someone who uses goods and services produced by a business
Someone who works for a business
Someone who is willing to take the risk involved in starting a business
A high street coffee shop uses recyclable cups. The stakeholder objective being met is:
Minimising the time it takes to pay its suppliers
Maximising dividend payments for its owners
Minimising environmental impact on the local community
Maximising pay for employees
A manufacturer is most likely to move production from the UK to the Far East because it is closer to:
Customers
Raw materials
Competitors
Cheaper labour
Selling goods online is an example of which expansion method?
Franchising
Opening new stores
E-commerce
Outsourcing
When Kraft acquired a controlling interest of Cadbury it was classed as a:
Merger
Franchise
Opening new stores
Takeover
Which of the following is a feature of a weak economic climate?
High levels of consumer spending
Low levels of consumer spending
High levels of employment
Low levels of unemployment
Which of the following is an example of a franchise?
Morrisons
Greggs
Subway
i-Fry
Which of the following statements is true in relation to UK legislation?
Product descriptions must be true, accurate and not misleading
Employers do not have to pay the national minimum or living wage
Customers cannot reject a falsely described product once purchased
Gender is not a protected characteristic of the Equality Act (2010)
Tesco’s F&F clothing brand has committed that, by 2020, it will only use cotton that has a minimal impact on the environment. This is an example of:
Waste disposal
Recycling
Using scarce resources
Sustainability
Which of the following is an external risk faced by businesses?
Low levels of employee motivation
Employees taking industrial action
Falling sales leads to lower profits
New legislation introduced
Within the next five years, supermarket chain, Iceland, is to replace all plastic packaging of own-brand products with a paper-based alternative. This is an example of the business:
Behaving unethically
Using scarce resources
Accepting greater environmental responsibility
Reducing traffic congestion
Which of the following is an example of an electronic payment system?
eBay
PayPal
Which of the following is true in relation to a UK exporter?
A UK exporter wants a strong pound
A strong pound makes UK exports cheaper abroad
A UK exporter wants a weak pound
A weak pound makes UK exports more expensive abroad
Which of the following is true for a UK importer of goods from Italy if the value of the pound becomes weaker against the euro?
Sales increase and profit increases
Sales decrease and profit increases
Sales increase and profit decreases
Sales decrease and profit decreases
A business has borrowed money from a bank in the form of an overdraft. If interest rates rise, how will this affect this business?
Costs increase and profit decreases
Costs decrease and profit increases
Costs increase and profit increases
Costs decrease and profits decrease
Which of the following is an example of a fringe benefit?
Holiday pay
Overtime payment
Praise at work
Free lunches
When two or more people come together to fulfill a single job role this is called:
Part time employment
Job sharing
Zero hours contract
Full time employment
Which of the following would be the most suitable place for a large public limited company to advertise for a senior director?
National newspaper
Job centre
Staff noticeboard
Company intranet
Induction training is:
Training given to members of staff when they first start a new job
Ongoing training given to existing members of staff
Usually provided away from the place of work at a local college
Will lead to a professional qualification being gained by the employee
The passing of authority from one level to another is called:
Delegation
Responsibility
Chain of command
Span of control
Which of the following is a key feature of centralisation?
Major decisions are made by a small number of senior staff
Major decisions are made by junior staff
Delegation is actively used in the organisation
A democratic management style exists
Which of the following is a financial method of motivation that a business could use to motivate its staff?
Profit sharing
Free uniform
Staff discount
Company car
Which of the following is a drawback to a firm of training its staff?
Higher staff motivation
Increased labour productivity
Higher staff retention
Increased business costs
