Daily Practice · GCSE Business
May 1996 5-a-day
Every sheet in May 1996
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 1996What does the income statement show?
- 2nd May 1996Explain what chain of command means.
- 3rd May 1996State the difference between a wage and a salary.
- 4th May 1996Define computer-aided manufacture (CAM).
- 5th May 1996Explain why rising unemployment during a recession can reduce a business's sales.
- 6th May 1996Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 7th May 1996A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 8th May 1996Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 9th May 1996Define e-commerce and give one benefit for a small business.
- 10th May 1996Explain how stock control software reduces costs.
- 11th May 1996Explain why a growing business might change from being a sole trader to a private limited company.
- 12th May 1996Give one reason creativity is a valuable quality for an entrepreneur.
- 13th May 1996State one reason shareholder and employee interests can conflict.
- 14th May 1996State one non-financial reward an entrepreneur might gain from running their own business.
- 15th May 1996State one advantage of an overdraft as a source of finance.
- 16th May 1996Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 17th May 1996State the difference between recruitment and selection.
- 18th May 1996Identify one item typically found in a job description.
- 19th May 1996State what the National Minimum Wage and National Living Wage are.
- 20th May 1996State one area of business legislation.
- 21st May 1996Give one example of a primary research method.
- 22nd May 1996Why is cash flow often negative during the introduction stage?
- 23rd May 1996State one risk of a poorly judged brand extension.
- 24th May 1996Define supply chain.
- 25th May 1996Why does higher productivity usually reduce unit cost?
- 26th May 1996Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 27th May 1996Define market segmentation.
- 28th May 1996Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 29th May 1996What is overtrading?
- 30th May 1996What is the difference between a cash inflow and a cash outflow?
- 31st May 1996A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.