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iGCSE Cambridge Business revision Flashcards | StudBud
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iGCSE Cambridge Business revision
iGCSE Cambridge Business revision
20 terms
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StudBud Administration
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80 plays
For year 11 students to help revise the whole course
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Which of the following is NOT a way to measure business size?
value of output
profit
sales revenue
number of employees
2
which government policy deals with changing tax rates?
fiscal
monetary
3
in which sector would a Grab/Uber driver be?
Quaternary
tertiary
primary
secondary
4
A multinational.....
sells goods in more than one country
produces goods in more than one country
5
Which of the following is an indirect tax?
income tax
exchange rate
corporation tax
value added tax
6
The balance of trade looks at ...?
exports
imports and exports
the exchange rate
imports
7
what is a mixed economy?
it has both state owned and privately owned businesses
it only has private sector businesses
it has government owned businesses
it only has public sector businesses
8
Changes in interest rates comes under?
Fiscal policy
Monetary policy
9
The price of one currency expressed in terms of another is...?
Appreciation
elasticity
depreciation
exchange rate
10
Which sector is involved with extraction of raw materials?
tertiary
Quaternary
primary
secondary
11
When a business or its workers concentrate on one thing, we call this...?
specialisation
concentrating
super duper
expert
12
An example of an external cost would be....?
herd immunity
pollution
better infrastructure
better education
13
Unlimited wants but limited resources leads to ....?
the economic problem
factors of production
essentials
choice
14
The money left after all essential bills are paid is called?
Income
dispensable income
money
disposable income
15
What is currency depreciation?
the rising value of a currency
the falling value of a currency
16
Ikea makes it's own furniture and then sells it. What 2 sectors is it in?
primary and secondary
secondary and tertiary
primary and tertiary
secondary and Quaternary
17
the next best alternative given up is ....?
opportunity cost
opportunity knocks
opportunity calls
erportuneety corst
18
Which is
not
normally considered a characteristic of an entrepreneur?
creative
optimistic
hard working
good looking
19
A tax on foreign goods arriving into a country is....?
Import tariff
A licence
A quota
An embargo
20
What does GDP stand for?
gross domestic product
gross domestic people
great domestic product
gret domestic products
