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GCSE Business Flashcards | StudBud
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GCSE Business
GCSE Business
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Overview of some general GCSE concepts
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is a feature of a partnership?
Only one member pays the bills
Only one member gets the profit
All members share profit equally
2 to 20 people own the business
2
Which of the following is true about cash flow?
It is the same as profit
It is different from profit
It is the same as revenue
It shows gross profit
3
What is redundancy?
When the job is no longer required.
When a business dismisses workers fairly
When a business sends workers home on unpaid leave
When a business dismisses workers unfairly
4
What is the formula for profit?
Revenue minus costs
Gross profit plus cost of sales
Gross profit minus cost of sales
Revenue minus overheads
5
What is an example of a service?
A bus stop
A bus journey
A bus driver
A bus
6
What is a business start-up?
Money injected into the business
The time at which a shop opens
A firm that has been operating in market over a year
When a firm operates in a market the the first gime
7
Who directs the aims of a company?
Owners
Shareholders
Managers
Stakeholders
8
If an employee, Jim, has an unsafe working area, which law would cover him?
Equality Act
Working Time Directive
Health and Safety Act
Minimum Wage Act
9
What is an example of monetary motivation?
Being given food
Employee of the month
Pay rise
Promotion
10
What are the owners of a PLC or LTD called?
Shareholders
Steve & Jim
Trustees
Owners
11
What is qualitative data?
Data that is found first hand
Data that is both numerical and opinions.
Data that is opinions and views.
Data that is in numerical form.
12
What happens to a product when it reaches the maturity stage of the product life cycle?
Sales revenue becomes consistent
Sales revenue continues to fall
Sales revenue turns to loss
Sales revenue continues to grow
13
Shaniqua is looking at businesses. She comes across the term plc. What does the term plc mean?
Public limited company
Personal liability claim
Price life cycle
Private limited company
14
Why does a business benefit from growth?
It will cost less to run
It could increase profit margins
It will have less competition
It could decrease structure
15
What does staff productivity depend on?
Authortarian management, quality of conditions
Motivation, management, quality of conditions
Wages, holiday, overtime
Skills, size of machines, effective management
