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Unit 1 A Level Business Studies AQA - What Is Business? Flashcards | StudBud
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Unit 1 A Level Business Studies AQA - What Is Business?
Unit 1 A Level Business Studies AQA - What Is Business?
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1
Sole proprietors have limited liability.
False
True
2
Which of the following is most likely to be an objective of a business's HR department?
Reduce employee turnover within the next 12 months by 10%
Profit maximisation
Make employees happy
Increase revenue by 5% within 6 months
3
A plc's share price could increase due to unfounded rumours about a new invention.
False
True
4
Which of the following is the strongest pound?
$1 = £1.85
£1 = $1.50
$1 = £1
£1 = $1.75
5
Which of the following is from Google's mission statement?
To organize the world's information
To become the world's largest company
To maximise profits
To give good value to shareholders
6
How do you calculate total costs?
Revenue + Profit
Fixed Costs - Variable Costs
Sales - Variable Costs
Fixed Costs + Variable Costs
7
Which business form typically has Ltd after its name?
Limited Liability Partnership
Public Limited Company
Private Limited Company
Public Sector Organisations
8
What does the T stand for in SWOT analysis?
Threats
Targets
Trading
Techniques
9
How do you calculate profit?
Revenue x Total Costs
Revenue / Total Costs
Revenue - Total Costs
Revenue + Total Costs
10
"Owners of the business only lose the money they put into the business." What concept does this describe?
Limited Liability
Market Capitalisation
Unlimited Liability
Ordinary Share Capital
11
Which of the following is NOT an external factor that might affect demand for Asda's products?
Incomes
Interest Rates
Pricing Strategies
Competition
12
What does plc stand for?
Public Licensed Corporation
Profitable Leveraged Communication
Private Limited Company
Public Limited Company
13
What is the correct formula for market capitalisation?
Share Price x Revenue
Revenue / No. of Shares
No. of Shares / Share Price
No. of Shares x Share Price
14
Who sets interest rates in the UK?
Head of the Stock Exchange
Prime Minister
Bank of England
Chancellor of the Exchequer
15
Different departments within an organisation may have conflicting objectives.
True
False
16
What can be defined as "a concise explanation of the organisation's reason for existence"?
Profit Maximisation
Financial Objective
Mission Statement
Key Goal
17
Which of the following is a public sector organisation?
NHS
Campbell's Bakery
Tesco
British Heart Foundation
18
What can be described as "a cost that changes when the quantity produced changes"?
Expenses
Variable costs
Fixed Costs
Administrative Expenses
19
What is the name of the legal agreement between partners in a partnership?
Agreement of Terms
Deed of Partnership
Statement of Unlimited Liability
Partnership Contract
20
A strong pound means British-made goods are cheaper for Japanese consumers.
False
True
21
Which of the following is NOT a reason why an increase in interest rates decreases spending in the economy?
Banks are less willing to offer loans
Consumers save more
Businesses with loans have an increase in costs
Consumers borrow less
22
Which of the following is NOT a variable cost for Costa Coffee?
Store Manager's Salary
Pastries
Coffee Cup Sleeves
Coffee Beans
23
Shareholders are paid ________ out of the company's profit.
Capital Gains
Revenue
Dividends
Wages
24
The management and owners are usually different (and often in conflict) in which type of business?
Sole Trader
Public Limited Corporation
Limited Liability Partnership
Private Limited Company
25
Which of the following is a demographic factor affecting most developed countries?
Gender Imbalance
Increasing Religiosity
Ageing Population
Increasing Birth Rates
