Unit 1: Exam Practice (1) Practice Exam Questions

advertisement
Practice Exam Questions
Unit 1: Exam Practice (1)
1.
Which of the following costs is ‘variable’ for a coffee shop?
a)
b)
c)
d)
Cost of coffee beans
Rent of premises
Annual salary of the employees
Insurance of the premises
Answer: ……………………………
2.
Which two of the following are short-term sources of finance?
a)
b)
c)
d)
e)
Trade credit
Mortgage
Profit (retained)
Venture capital
Bank overdraft
Answer: ……………………………
3.
Which two of the following are features of a private limited company?
a)
b)
c)
d)
e)
Unlimited liability
Owned by shareholders
Limited liability
Employs more than five workers
Targets different market segments
Answer: ……………………………
Alisdair Douglas is a self-employed plumber. As a sole trader he is his own boss. He now employs three
other workers. The business has done reasonably well recently, but Alisdair is looking for ways to improve
business performance.
4.
Which of the following actions would add value to a plumbing service?
a)
b)
c)
d)
Keeping costs as low as possible
Offering a 24-hour call-out service
Taking a calculated risk
Conducting quantitative market research
Answer: ……………………………
5.
Which two of the following are market segments for a plumbing business?
a)
b)
c)
d)
e)
Rival plumbing businesses
Families in private rented housing
Primary market research
Techniques such as advertising and special offers
Students living in rented accommodation
Answer: ……………………………
© Pearson Education Ltd 2010
Edexcel GCSE Business Studies Unit 1 Exam Preparation
Download