Class 12 Business Studies Chapters 1-5, 12 wbchse

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Questions and Answers

Which of the following is a characteristic of a monopoly market structure?

Few sellers with differentiated products
Many sellers with identical products
Single seller with no close substitutes (correct)
Many sellers with similar but not identical products

What is the primary purpose of a SWOT analysis in business?

To determine production costs and profit margins
To identify potential market segments for expansion
To assess internal strengths and weaknesses, and external opportunities and threats (correct)
To analyze sales trends and customer preferences

Which of the following is an example of a non-cash expense in financial accounting?

Net income
Depreciation (correct)
Inventory turnover
Accounts receivable

Flashcards

Monopoly

A market structure characterized by a single seller who offers a product with no close substitutes, giving them significant control over pricing.

SWOT Analysis

A strategic planning tool used to assess internal strengths and weaknesses (internal factors) as well as external opportunities and threats (external factors) to help businesses make informed decisions about future actions.

Depreciation

An expense that does not involve an outflow of cash but is recorded in the accounting records to reflect the decrease in value of an asset over time.

Study Notes

Which of the following is a characteristic of a monopoly market structure? What is the primary purpose of a SWOT analysis in business? Which of the following is an example of a non-cash expense in financial accounting?