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問題一覧
1
Which of the following is an example of a financial aim for a business?
To break even
2
A business with a unique selling point:
has an advantage over its competitors
3
Which of the following is a non-legal consequence of failing to comply with the Data Protection Act?
Damage to reputation
4
Which one of the following job roles would report to a Director?
Manager
5
Paying the living wage is an example of:
being an ethical employer
6
Which of the following would not cause a business to fail?
Maintaining a high market share
7
A business that uses cross-functional teams has:
a matrix structure
8
Which of the following is an advantage of operating as a private limited company?
The business has a separate legal identity from its owner
9
The sole trader’s revenue for the coming year is expected to be:
£15 000
10
Which one of the following is not an example of being enterprising?
Having a negative attitude to change
11
Job roles on the same level of an organisation chart have:
equal status
12
Which of the following would be a fixed cost for a car manufacturer?
Insurance
13
Which of the following is most likely to be a government-owned organisation?
A hospital
14
How is a business most likely to respond to a stakeholder with a high degree of influence?
Try hard to meet the needs of the stakeholder
15
Mulligan Butchers Ltd sells meat which is incorrectly labelled. Mulligan Butchers Ltd appears to have broken the:
Consumer Rights Act
16
A pharmaceutical manufacturer is introducing a new liquid painkiller for children. Costings are as follows: • fixed costs £5000 per month • ingredients £2.50 per bottle • packaging £0.10 per bottle. If the selling price per bottle is £7.50, the break-even level of output would be:
1021 bottles per month
17
A high-quality restaurant is located in an area which has experienced a sudden rise in unemployment. Which one of the following actions should the restaurant take in response to this economic change?
Offer discounts and special offers
18
A petrol station is conducting a SWOT analysis. In which category should ‘an increase in fuel taxation’ be placed?
Threat
19
Which one of the following would be carried out by the accounting function in a large business?
Keeping financial records
20
In which section of a statement of financial position would ‘inventory’ appear?
Current assets