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WorksheetsBusiness Studies
Total questions: 30
Worksheet time: 21mins
Our desires for goods and services are unlimited
true
false
If something is scarce it has more than one valuable use
true
false
Time is scarce
true
false
What would mental abilities be classified as?
Land
Labor
Capital
Entrepreneurship
Minerals would be classified as what?
Land
Labor
Capital
Entrepreneurship
Which of these is where you give permission for a FIXED amount of money such as rent is taken from your bank account?
Direct Debit
Standing Order
Caveat Emptor
Debit Card
Which type of account do you use for day to day transactions?
Current Account
Deposit Account
Savings Account
Which of these is the symbol for Fairtrade?
A ______________ is an act of protest where a consumer refuses to buy from or deal with a particular company for ethical reasons. E.g. Air France for transporting monkeys to laboratories.
Responsibility
Goodwill
Boycott
Ombudsman
Which TWO of these are capital resources? (You must select two)
Oil
Vehicles
Machinery
Money
Water
Automated __________ Machine.
Talking
Teller
Tax
Trade
To ____________ means to leave money or other valuable items in a safe place.
Deposit
Drop
Lodge
Teller
Which TWO of these financial institutions are NOT banks? (You must select two)
Post Office
AIB
Bank of Ireland
Credit Union
Another term for morals or telling right from wrong is.
Sustainability
Responsibility
Ethics
The word salary comes from the Roman word for ________ which was Sal and the allowance for it, which was called Salarium.
Pepper
Salt
Sun
Money
Which of these is an irregular income?
Wage
Salary
CSR stands for ______________ Social Responsibility.
Consumer
Cost
Corporate
Capital
Rosie had annual sales of £100,000 from selling 10,000 books at £10 each. If she increases the selling price by 10% but quantities fall by 5%, what will her revenue be?
£105,000
£104,500
£110,000
£94,500
A business is making a lost when …
Variable costs exceed fixed costs
Fixed costs are higher than revenues
Sales revenues are greater than total costs
Total costs exceed total revenues
What is barter?
Exchange of goods and services without the use of money
Purchasing of item with money
Exchange of goods and services with the use of money
Four mixed with water
Which of the following is a part of the Central Processing Unit?
Printer
Key board
Mouse
Arithmetic & Logic unit
