Study of the country's population

What does insolvency mean?

A business cannot pay off its debts

What is the calculation for market capitalisation?

current market price x shares issued

What does Incorporated mean?

There is a distinction between the owner and business

Select a legal structure which offers a dividends

Public Limited Company, Private Limited Company

Which businesses benefit from Limited Liability?

Private and Public Limited Companies

What is share capital?

Finance raised from shareholders through the issue of shares

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Unit 1 recap

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Unit 1: What is Business? #alevelbusinessstudies

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Questions 20

Answers

1
What is the current interest rate in the UK?
0.25%
1.5%
2%
1%
2
If a business makes profit of £10,000 and total costs were £15,000- what was revenue?
£35,000
£20,000
£30,000
£25,000
3
What is demography?
Study of the country's population
The study of old people
The study of age
The study of animals
4
What does Ltd stand for?
Private Limited Company
Sole Trader
Last Trading Day
Public Limited Company
5
Which of the following is not in the Public sector
BBC
Police Force
Asda
NHS
6
Who owns a Private Limited Company
Stakeholders
Directors
Shareholders
Company Management
7
What does insolvency mean?
A business has made too much profit
A business is selling assets
A business cannot pay off its debts
A business is giving money back to shareholders
8
What does GDP stand for?
Gross Domestic Product
Gross Domestic Produce
Gross Domestic Profit
Gross Domestic People
9
What is the calculation for market capitalisation?
current market price x shares issued
market growth x number of investors
sales x costs
market share x sales
10
What does the P stand for in PESTLE
Planet
People
Political
Profit
11
What is the formula for PROFIT?
Total Revenue - Fixed Costs
Total Revenue + Total Costs
Total Revenue -Total Costs
Price x Quantity
12
What does Incorporated mean?
The business is selling off its assets
The business cannot pay off debt
There is a distinction between the owner and business
No distinction between the owner and business
13
Which one of the statements about a sole trader is false? A sole trader...
has unlimited liability
still has to pay tax on profits earned
is cheap and easy to set up
can only have one employee
14
Which of the following is not an acronym in SMART objectives
Specific
Time bound
Reasonable
Measurable
15
Select a legal structure which offers a dividends
Not-for-profit organisation
Public Limited Company
Sole Trader
Private Limited Company
16
Which businesses benefit from Limited Liability?
Sole Traders and Partnerships
Private and Public Limited Companies
Sole Traders and Public Limited Companies
Sole Traders and Private Limited Companies
17
What is share capital?
Finance raised from shareholders through the issue of shares
Money raised through the sale of an asset
Finance from a bank
Money invested by a sole trader
18
Which of the following is not another term for Total Revenue?
Turnover
Revenue
Sales
Income
19
Costs that do not vary with output are called....
Revenue
Variable costs
Profit
Fixed costs
20
If a business makes total revenue of £100 and sells 5 items, what is the selling price?
£20
£25
£22
£29

Unit 1 recap Flashcards | StudBud