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WorksheetsMr Frayne IGCSE Topic 1
Total questions: 50
Worksheet time: 38mins
Change 1.4 to a percent.
14
14%
140%
40
Convert 0.75 to a percentage.
0.0075%
7.5%
750%
75%
Express 0.125 as a percentage.
1.25%
0.0125%
0.125%
12.5%
Express 3.5% as a decimal.
0.035
0.35%
0.0035
0.35
What is 0.09 as a percentage
0.9%
9%
90%
What is the interest rate on a mortgage?
The amount you initially borrow
The percentage charged on top of the amount you owe
The monthly payments towards the principal
The cost of borrowing from the Bank of England
You need a loan for £500 for 2 years. you shop around for the best interest rates, and find suitable loans at 4.5%, 6.7% and 12.9% APR. Which loan rate should you choose?
The loan at 12.9% because it is the best value
The loan at 4.5% because it is the cheapest
The loan at 6.7% because it is in the middle
It doesn't matter because I will pay the same amount overall
9.35% as a decimal is ???
(a)
The income a business generates from selling goods or services.
Expenditure
Capital employed
Revenue (sales)
Salary
Change £500 into Australian Dollars.
If necessary, round your answer to 2 decimal places...
880
287.01
640
390.63
If the exchange rate is £1 = $1.25, how much does $1 equal in £ pounds?
£0.80
£0.85
£0.75
£1.25
None of the answers
If the exchange rate is £1 = $1.25, what is $2250 equivalent to in £ pounds?
£1800
£2813
£2250
None of the answers
£1700
Which of the following banks would you choose to start your savings account with?
Barclays - 2%
HSBC - 3.5%
Lloyds - 3%
Natwest - 1.5%
Barclays 2%
HSBC 3.5%
Lloyds 3%
Natwest 1.5%
Which of the following banks would you choose to start a credit card with?
Barclays - 20%
HSBC - 22.5%
Lloyds - 18.5%
Natwest - 19.5%
Barclays 20%
HSBC 22.5%
Lloyds 18.5%
Natwest 19.5%
The UK Pound appreciates in value to £1 = 1.50 Euros. How much is the 60 pence tin of beans in Euros ?
0.9 Euros
0.40 Euros
9 Euros
4 Euros
Payment for public goods and services by citizens.
savings
debt
tax
capital
It refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government.
minimum wage
maximum salary
maximum wage
minimum salary
Interest rates go up - which of the following becomes true?
Customers more likely to borrow
Customers more likely to increase spending
Customers more likely to decrease spending
Customers less likely to borrow
Interest rates go down - which of the following become true?
Customers more likely to borrow
Customers less likely to borrow
Customers less likely to spend
Customers more likely to spend
Markup is the % _________________ to the original cost price in order to make each item profitable.
subtracted
added
divided
multiplied
a trade barrier that limits imported goods
Tariff
boycott
quota
embargo
trade barrier
How does a tariff affect the price of imported goods?
The price of imported goods decreases.
The price of imported goods remains the same.
The price of imported goods fluctuates.
The price of imported goods increases.
Change £500 into Australian Dollars.
If necessary, round your answer to 2 decimal places...
880
287.01
640
390.63
How does a strong currency affect a country's exports and imports?
A strong currency makes exports more expensive and imports cheaper.
A strong currency reduces the cost of both exports and imports.
A strong currency makes exports cheaper and imports more expensive.
A strong currency has no impact on exports and imports.
A depreciation of a country's currency means for this country's residents that imported goods are
Cheaper
More expensive
a trade barrier that blocks trade with a country
Tariff
boycott
quota
embargo
trade barrier
a trade barrier that that taxes certain imported or exported goods
Tariff
boycott
quota
embargo
trade barrier
Is this a tariff, a quota, or an embargo?
The European Union places a block on all Syrian imports
Tariff
Quota
Embargo
Is this a tariff, a quota, or an embargo?
The European Union enforces a limit on mechanical pencils from China
Tariff
Quota
Embargo
Is this a tariff, a quota, or an embargo?
The European Union adds a new tax on all grain from Russia
Tariff
Quota
Embargo
person or persons who pay fees to a company to operate a business under the franchisor’s trade name
Limited Partnership
General Partnership
Franchisee
Franchisor
business which leases its trade name and operating system to another person
Franchisor
Legal Entity
Sole Proprietorship
Limited Partnership
Identify the natural resources that are being exploited in the primary sector? (REM)
Agriculture
Fishing
Forestry
All the above
Supermarket is in secondary sector
True
False
Being a part of a trade bloc reduces
Tariffs
Profit
Quotas
Embargos
Interest rates go up - customers are more likely to buy
New trainers
Foreign holidays
Essentials
Airpods
Which of the following defines a stakeholder
A person who runs and owns their own business
A business that operatea using the name and brand of another business.
A person or group with an interest in the business
A person who buys shares in a business
If the currency of a country depreciates, it means that_____
The exports of that country become more competitive
It's cheaper to import from other countries
The country's trade surplus will grow
The country's trade deficit will grow
What are the main types of stakeholders in a business?
Internal stakeholders and external stakeholders
Primary stakeholders and secondary stakeholders
Profit-oriented stakeholders and non-profit oriented stakeholders
Financial stakeholders and non-financial stakeholders
A high street coffee shop uses recyclable cups.
Select two answers:
The two most likely effects this decision will have is to:
Minimise the time it takes to pay its suppliers
Maximise profits for its owners
Minimise the environmental impact on the local community
Maximise pay for its employees
Minimise possible pressure group activity
PESTLE is a situational analysis tool which helps a business to analyse the external factors that affect their business.
True
False
What does the P in PESTLE stand for?
(a)
How does the workplace regulations legislation impact on the start up business and decision making to employ staff?
Political
Legal
Economic
Social Cultural
What impact could natural disasters, weather patterns and season have on the business?
Polital
Technological
Environmental
Legal
If you have full responsibility for your business debts this is known as ...
Unlimited Liability
Limited Liability
Personal Liability
