35671693
Description
Quiz by Michelle Parker, updated more than 1 year ago
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Created by Michelle Parker
almost 3 years ago
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Question 1
Question
Which one of the following could a sole trader pay on its profits?
Answer
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Sales tax
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Income tax
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Corporation tax
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Indirect tax
Question 2
Question
Which ONE of the following is a variable cost?
Answer
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Insurance
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Rent
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Salaries
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Packaging
Question 3
Question
Which one of the following is a method of primary market research?
Answer
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Newspaper articles
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Government statistics
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Focus Groups
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Internet research
Question 4
Question
Which one of the following is used to calculate net cash flow?
Answer
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Total cash inflow – total cash outflow
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Total cash inflow + total cash outflow
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Opening balance – closing balance
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Opening balance + closing balance
Question 5
Question
TADS (a drumming school) has developed contracts with drumming schools in other countries to teach
online music lessons.
An Italian drumming school has agreed that TADS can teach five lessons per week.
Each lesson costs 15 for half an hour. The exchange rate in January 2019 was
1 = €1.15.
What will the Italian drumming school pay in euros (€) for these five lessons?
Answer
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€5.75
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€15.00
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€75.00
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€86.25
Question 6
Question
In May 2019 the exchange rate was 1 = €1.05. TADS (drumming school) continued to provide the
Italian drumming school with five lessons a week.
(vi) What effect would this change in the exchange rate have on the Italian
drumming school?
Answer
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A decrease in cash outflows
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An increase in import costs
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A decrease in revenue
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An increase in the internet costs
Question 7
Question
Which one of the following only applies to a public limited company?
Answer
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Controlled by the government
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Shares are traded on the stock exchange
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A maximum of 50 shareholders
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Restriction in the transfer of shares
Question 8
Question
Which one of the following departments would send an invoice to a supplier?
Answer
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Human resources
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Marketing
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Finance
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Production
Question 9
Question
The picture shows the annual total revenue of 1 200 000 for five businesses.
Business 1 300 000
Business 2 150 000
Business 3 150 000
Business 4 250 000
Business 5 350 000
What is the market share for Business 2?
Answer
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12.5%
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20.8%
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25.0%
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29.2%
Question 10
Answer
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A method of borrowing regular amounts
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More funds taken out than are in the account
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Money lent by many people to a business
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A loan due for repayment in five years
Question 11
Question
Which one of the following would be part of recruiting a new employee?
Answer
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Business plan
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Induction training
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Job description
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Job enrichment
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