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Business Studies IGCSE Yr11 Pre Jan mock Flashcards | StudBud
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Business Studies IGCSE Yr11 Pre Jan mock
Business Studies IGCSE Yr11 Pre Jan mock
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Questions
30
Answers
1
Fixed Costs are...
Costs that change slowlyover time.
Costs that don't change atall.
Costs that change over time.
Costs that depend on output.
2
How can you find the Gross Profit?
Turnover - Costs Of sales
Net Profit - Expenses
Turnover + Costs Of Sales
Other Income - Expenses
3
What are the total costs?
total revenue - direct costs
variable costs + direct cost
variable costs - fixed costs
fixed costs + variable costs
4
What is the main purpose of net profit margin?
Compare the profit a business makes against money invested
Show financial information on business
Measure how well a business controls its costs
5
What does PLC stand for
public limited company
private limited company
6
Which of the following options is an internal source of finance?
Trade credit
Selling assets
A bank loan
7
When is a business most likely to adjust the marketing mix of a product?
If management changes
If costs change
If customer needs change
8
Who has limited liability as an advantage?
suppliers
shareholders
customers
sole trader
9
How is break-even point calculated?
variable costs / (profit - variable cost per unit)
variable costs / (selling price - variable cost per unit)
fixed costs / (selling price - variable cost perunit)
profit / (selling price - variable cost per unit)
10
Which is NOT an example of mass market?
breakfast cereals
McDonald's
dog training
Coca-cola
11
What is the correct formulas for total revenue ?
total sales - total costs
total cost - total sales
total money multipled by sales
12
Which of these needs an up-to-date financial information to run the business?
Bankers
Investors
Managers
Owners
13
In which industry sector is advertising agency part of ?
Quaternary
Tertiary
Primary
Secondary
14
Which one of these is a variable cost?
flour.
rent of properties
manager's salary
15
Which of those is not a type of ratio analysis?
Creditors Ratio
Probability Ratio
Liquidity Ratio
Gearing Ratio
16
Which one of these is a method of primary market research?
desk research
Questionnaires
Sampling
media
17
Which of these ratios measures how easily a business can pay its debts?
Liquidity Ratios
Gearing Ratios
Profitability Ratios
Shareholder's Ratios
18
Which one of these is not considered part of ratio analysis?
Managing ratios
Gearing ratios
Shareholders ratio
Profitability ratios
19
Which of these is not a current asset?
Property
Cash
stock
Bank
20
What is working capital?
all assets - all liabilities
price x quantity
fixed costs + variable costs
current assets - current liabilities
21
Which is not a method of improving capital ?
unexpected expenditure
overdraft
delay payments
get fresh capital
22
What is the most likely source of finance for a small firm?
A debenture
A bank loan
Issuing shares
23
What does the overall marketing mix of a firm determine?
Marketing strategy
1) Marketing objective
Profit from marketing
24
What is an advantage of multinationals?
less exports
decrease in tax revenue
increase in employment
higher prices
25
What are liabilities?
the money taken from the business by the owner
resources used or owned by the business
long-term secured loan
the debts of the business which provide a source of funds
26
Net Profit Margin: (NetProfit/Turnover) * 100
True
False
27
Which doesn't fit in the 'Smart' category
Life Span
achievable
time specific
measurable
28
Gross Profit - Expenses is...
Sales Revenue
Net Profit
Break Even Point
Total Cost
29
True or false; profitability ratios measure is easily a business can pay its debts
True
False
30
How do you calculate the gross profit margin?
Net profit/turnover x 100
Sales revenue/gross profit x 100
Gross profit/turnover x 100
current assets/ current liabilities
