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Business IGCSE Multiple Choice Questions (2017/2019)
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Questions in this quiz (18)
1Which one of the following is a method of secondary market research?
- AQuestionnaires
- BGovernment Reports
- CSurveys
- DFocus groups
2Which one of the following could be a financial objective for the owners of a small shoe retail company?
- APersonal satisfaction
- BIncreases production quality
- CIncreased market share
- DLoyal employees
3Which one of the following is an external source of finance for the owner of a business?
- ABank loan
- BRetained profit
- CPersonal savings
- DSelling assets
4Which functional area would be responsible for quality control?
- AMarketing
- BHuman resources
- CProduction
- DAdministration
5In February 2018 a small Kenyan shoe retail company imported 50 handbags from Italy and paid 20 Euros for them.
The exchange rate at that time was 1Euro was 124.48 Kenyan Shillings
How much did they have to pay in Kenyan Shillings for each imported handbag?
- A2,489.60
- B6,224.00
- C24,896.00
- D124,480.00
6Link to the previous question
If the exchange rate changed to 1 euro =117.79 Kenyan shillings
What effect would this change have on the cost of an imported handbag?
- AImport costs wold be unchanged
- BNet cash flow would improve
- CThe price of the handbags in euros would rise
- DThe cost of importing a handbag would fall
7Which of the following is an external source of finance?
- ARetained profit
- BSelling assets
- CSales revenue
- DShare capital
8Which one of the following could be used to gather data for a business?
- AMarket research
- BMarket orientation
- CMarket segmentation
- DMarket place
9In a break-even graph, the break-even point is when:
- Atotal costs and fixed costs are the same
- Bfixed costs and variable costs are the same
- Ctotal costs and revenue are the same
- Dfixed costs and revenue are the same
10Which of the following is an element of the marketing mix?
- APay
- BPrice
- CProfit
- DProductivity
11Which of the following terms describes a situation where a worker is given the authority to carry out a task that a manager would normally do?
- AJob rotation
- BJob share
- CPart-time employment
- DDelegation
12Which of the following could be a non-financial objective for the owner of a business?
- AImproved chance of survival
- Bincreased market share
- CPersonal satisfaction
- DIncreased profit
13Which of the following is a measure of the liquidity of a business?
- ANet cash flow
- BProfit
- CRevenue
- DTotal costs
14Which of the following is a reason why a business would advertise its products?
- ATo shorten the product life cycle
- BTo create customer loyalty
- CTo identify gaps in the market
- DTo create employment
15Which of the following describes a person who pays to use another business’s products and branding?
- AFranchisor
- BEntrepreneur
- CFranchisee
- DShareholder
16Which one of the following is an internal source of finance that could be used by a company?
- ACrowdfunding
- BVenture capital
- CSelling assets
- DPersonal savings
17Which one of the following is an example of an external economy of scale?
- ABulk buying of raw materials
- BEmploying specialist workers
- CPurchasing more productive machinery
- DImproving infrastructure
18The cost of manufacturing an iPod nano 6 is estimated to be US$45.
If Apple used a mark-up of 200%, identify the selling price of an iPod nano 6.
- AUS$ 90
- BUS$ 135
- CUS$ 170
- DUS$245
Information
- Description
- Business IGCSE Multiple Choice Questions
- Author
- Michelle Parker
- Language
- English
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- 95
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