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GCSE Business Studies Unit 2 AQA Flashcards | StudBud
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GCSE Business Studies Unit 2 AQA
GCSE Business Studies Unit 2 AQA
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Questions
30
Answers
1
Which of the following can be described as "the value of goods and services bought by consumers over a time period"?
Consumer Spending
The Economy
Government Expenditure
Employment Level
2
Employees must be given safety equipment and clothing. This is an example of what type of legislation?
Consumer Law
Criminal Law
Employment Law
Health and Safety Law
3
Which of the following is not an example of digital communication used by businesses to interact with customers?
Email
Webchat
Social Media
Letters
4
When interest rates increase, consumers typically spend more.
True
False
5
Which organisation sets interest rates in the UK?
Bank of England
Parliament
Confederation of British Industry
UK government
6
Which of the following is a likely effect of operating in a market with many rivals?
High profits
Market dominance
Price competition
Low risk
7
What is a disadvantage to businesses of acting ethically?
Can charge higher prices
Cheaper raw materials
Attract new customers
Increased scrutiny
8
Which of the following is true for Rolls Royce (UK company) when the pound falls in value?
Advertising in the US becomes cheaper.
Rolls Royce cars become cheaper for US consumers.
Rolls Royce cars become more expensive for US consumers.
Costs at the Rolls Royce factory will remain the same.
9
What can be described as "a communication network which is only accessible by an organisation's employees"?
E-commerce
Extranet
Intranet
World Wide Web
10
Extranets are similar to intranets but can be accessed by some other organisations, e.g. suppliers.
False
True
11
An exchange rate is the price of one currency expressed in terms of another.
True
False
12
Which of the following is unlikely to be a stakeholder of a school?
Local Government
Shareholders
Pupils
Local Residents
13
Globalisation is the trend for markets to become worldwide in scope.
True
False
14
Which of the following would be seen as an ethical decision by McDonald's?
Designing robots to make food
Scrapping maternity leave
Making all packaging recyclable
Changing to a cheaper supplier of beef
15
What is an MNC?
Multinational Company
Merged National Corporation
Mutual Network Communications
Mulitfaceted Neighbouring Console
16
What is it called when one business has more than 25% of the market share?
Monopoly
Perfect Competition
Fair trade
Oligopoly
17
What is an advantage of Starbucks switching to only using fair trade coffee?
Cheaper
Easier to source raw materials
Improves brand image
Demotivates staff
18
E-commerce refers to any online purchase/sale. How is m-commerce different to e-commerce?
It is for purchases over £1,000.
It refers only to sales, not purchases.
It is for micro-transactions.
It is through wireless handheld devices.
19
Which of the following environmental problem is unlikely to be caused by the opening of a new shopping centre?
Litter
Noise pollution
Traffic congestion
Radioactive contamination
20
Which of the following is not an example of something stated in employment law?
Organisations cannot lie when advertising to customers
Businesses must not pay less than the minimum wage
Businesses must not racially discriminate against employees
Employees must be given a contract of employment
21
Why is a business selling necessities less likely to be affected by interest rate changes than one selling luxury goods?
Customers do not consider interest rates.
Customers still buy necessities even if prices increase.
Luxury goods are income inelastic.
Necessities are cheaper than luxury goods.
22
Which of the following can be described as "a group of people with a common interest who seek to influence policy".
Fair trade supplier
Local government
Profit-maximising organisation
Pressure group
23
Which of the following is a definition of interest rates?
Amount received when taking out a loan
Cost of borrowing or the reward for saving
Cost of buying a property
Amount received when exchanging foreign currencies
24
Which of the following is not a way in which businesses can reduce risk?
Create a business plan
Invest in training
Diversify
Lower prices
25
What is the likely effect on Manchester United of an increase in interest rates?
Decreased costs
Increased costs
More customers
Increased revenue
26
It is possible for a business to do something that is legal but unethical.
False
True
27
What does ICT stand for?
Integrated Computer Technology
Information and Communications Technology
Internal Computerised Terminology
Informal Communication Techniques
28
Which of the following is a benefit to a business of globalisation?
Increase in potential customers
More expensive resources
Threat of takeover
New competition
29
Which of the following is a disadvantage to a business of following the Consumer Rights Act (2015)?
Increases costs
Staff become more productive
Damages the brand image
Revenue immediately increases
30
A decision can be described as unethical if it is morally 'right'.
True
False
