AQA AS/A Level Business Revision Guide Quiz
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Questions and Answers

What is the primary benefit of profit for a business?

  • It allows owners to reinvest in new projects. (correct)
  • It only affects the customers.
  • It reduces costs directly.
  • It increases the price of products.

    • Variable costs remain constant regardless of the level of output or sales.

    False

    What are fixed costs?

    Costs that do not change with the level of output or sales.

    Profit is what is left after all costs have been deducted from __________.

    <p>revenue</p> Signup and view all the answers

    Match the types of costs with their descriptions:

    <p>Variable costs = Change directly with output level Fixed costs = Remain constant regardless of output level</p> Signup and view all the answers

    What format does the revision guide utilize to help organize study material?

    <p>One-topic-per-page format</p> Signup and view all the answers

    The revision guide helps you to track your revision progress with detailed summary notes.

    <p>False</p> Signup and view all the answers

    What is the purpose of the REVISE series?

    <p>To offer educational resources and revision titles</p> Signup and view all the answers

    What is one of the advantages of using summary notes in the revision guide?

    <p>They are in short, memorable chunks.</p> Signup and view all the answers

    The REVISE series is focused only on primary education.

    <p>False</p> Signup and view all the answers

    The revision guide develops exam technique with _____ practice questions and full answers.

    <p>exam-style</p> Signup and view all the answers

    Who is the author of the AQA AS/A LEVEL Business revision guide?

    <p>Andrew Redfern</p> Signup and view all the answers

    Match the following features of the revision guide with their benefits:

    <p>At-a-glance check boxes = Tracking revision progress Worked examples = Checking understanding and exam skills Summary notes = Faster revision Exam-style practice questions = Developing exam technique</p> Signup and view all the answers

    The publisher of the REVISE series is _______.

    <p>Pearson Education Limited</p> Signup and view all the answers

    Which of the following best describes the target audience for the revision guide?

    <p>AQA AS/A Level Business students</p> Signup and view all the answers

    Which of the following levels is NOT included in the REVISE series?

    <p>Doctorate Level</p> Signup and view all the answers

    The revision resources provided are meant to be a complicated choice for students.

    <p>False</p> Signup and view all the answers

    The series consultant for the AQA AS/A LEVEL Business is named Harry Smith.

    <p>True</p> Signup and view all the answers

    Match the following components of the REVISE series:

    <p>KS2 = Key Stage 2 education KS3 = Key Stage 3 education GCSE = General Certificate of Secondary Education BTEC = Business and Technology Education Council qualifications</p> Signup and view all the answers

    What aspect of the revision guide is emphasized for speeding up revision?

    <p>Summary notes.</p> Signup and view all the answers

    Where is Pearson Education Limited located?

    <p>80 Strand, London, WC2R 0RL</p> Signup and view all the answers

    What type of business is typically owned by one individual?

    <p>Sole trader</p> Signup and view all the answers

    A private limited company is likely to prioritize goals such as growth and expansion.

    <p>True</p> Signup and view all the answers

    What is a key objective for newly formed sole traders?

    <p>Survival</p> Signup and view all the answers

    A private limited company is owned by __________.

    <p>shareholders</p> Signup and view all the answers

    Match the following business types with their characteristics:

    <p>Public limited company = Owned by shareholders and able to sell shares to the public Private limited company = Owned by shareholders but not publicly traded Sole trader = Owned and operated by one individual Charity = Non-profit organization that aims to help others</p> Signup and view all the answers

    What typically happens to consumer purchases of luxury items as incomes rise?

    <p>They increase</p> Signup and view all the answers

    Which objective may a sole trader focus on to ensure personal satisfaction?

    <p>Building a reputation</p> Signup and view all the answers

    There is usually a significant change in demand for necessities when incomes fall.

    <p>False</p> Signup and view all the answers

    A private limited company has the same legal status as its owners.

    <p>False</p> Signup and view all the answers

    What is the impact of low GDP on employment?

    <p>It results in unemployment.</p> Signup and view all the answers

    The main objective for a private limited company might include __________ and expansion.

    <p>growth</p> Signup and view all the answers

    High interest rates can lead to less disposable ______ for consumers.

    <p>income</p> Signup and view all the answers

    Which of the following may rise due to low interest rates?

    <p>Demand for products bought on credit</p> Signup and view all the answers

    Match the economic terms to their effects:

    <p>High GDP = Increased consumer spending Low GDP = Higher unemployment High interest rates = Less disposable income Low interest rates = Increased borrowing</p> Signup and view all the answers

    Interest rates have no relation to inflation.

    <p>False</p> Signup and view all the answers

    What is an interest rate?

    <p>The cost of borrowing money or the reward for saving.</p> Signup and view all the answers

    What is one benefit of environmentally friendly business practices?

    <p>Avoiding fines or penalties</p> Signup and view all the answers

    Environmentally friendly businesses generally do not face any increase in costs.

    <p>False</p> Signup and view all the answers

    Name at least one piece of UK environmental legislation mentioned.

    <p>Environmental Protection Act, 1990</p> Signup and view all the answers

    The ________ Act, 2008 focuses on addressing climate change.

    <p>Climate Change</p> Signup and view all the answers

    Match the following advantages and disadvantages of environmentally friendly business practices:

    <p>Avoid negative publicity = Advantage Increased cost of raw materials = Disadvantage Opportunity for tax relief = Advantage Lower profit margin on fair trade goods = Disadvantage</p> Signup and view all the answers

    What is an opportunity for differentiation in environmentally friendly businesses?

    <p>Offering unique sustainable products</p> Signup and view all the answers

    Government incentives such as tax relief are beneficial for businesses pursuing environmental practices.

    <p>True</p> Signup and view all the answers

    Why might businesses want to avoid negative publicity related to environmental practices?

    <p>To maintain a positive brand image and customer trust</p> Signup and view all the answers

    Study Notes

    Revision Guide and Workbook for AQA AS/A Level Business

    • This workbook is a revision guide and practice exercises for AQA AS/A Level Business.
    • It covers a range of topics within business.
    • It includes a free online edition.
    • The series consultant is Harry Smith and the author is Andrew Redfern.
    • The book is published by Pearson Education Limited in London.
    • It contains exam skills and practice questions.
    • It covers topics such as what is business, leadership, marketing, operations, finance, strategic position, strategic direction, strategic methods, strategic change and managing organisational change.

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    AQA AS/A Level Business Revision Guide PDF

    Description

    Test your knowledge of the AQA AS/A Level Business revision guide with this informative quiz. Explore concepts such as variable and fixed costs, the benefits of profit, and features of the REVISE series. Perfect for students preparing for exams and seeking to enhance their understanding of business management principles.

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