Daily Practice · GCSE Business
May 1997 5-a-day
Every sheet in May 1997
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 1997What equation must always balance on a statement of financial position?
- 2nd May 1997State one disadvantage of a narrow span of control.
- 3rd May 1997Identify one example of job enrichment.
- 4th May 1997State one risk to a business of storing customer data online.
- 5th May 1997State one type of business that might see demand rise during a recession.
- 6th May 1997Define unemployment.
- 7th May 1997True or false: a marketing mix that worked well at launch will always remain the correct mix for the rest of the product's life.
- 8th May 1997What is a wholesaler?
- 9th May 1997Give one operational cost that e-commerce creates which a shop does not have.
- 10th May 1997Why does technology investment need to be judged against demand rather than cost alone?
- 11th May 1997Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
- 12th May 1997Explain why determination matters when starting a new business.
- 13th May 1997Identify whether shareholders are internal or external stakeholders.
- 14th May 1997Define risk in the context of enterprise.
- 15th May 1997What is crowdfunding?
- 16th May 1997A business buys office furniture for 3,200 pounds and pays 1,800 pounds in staff wages in the same month. Calculate its total capital expenditure for the month.
- 17th May 1997Give one advantage of internal recruitment.
- 18th May 1997State one risk to a business of recruiting without a clear job description.
- 19th May 1997Give one example of a protected characteristic under the Equality Act 2010.
- 20th May 1997State one risk to a business of breaking the law.
- 21st May 1997Is '45% of customers said they would buy the product' quantitative or qualitative data?
- 22nd May 1997True or false: every product follows the product life cycle at the same speed.
- 23rd May 1997Give one benefit to a business of strong brand recognition.
- 24th May 1997Why can poor conditions at a supplier damage a business that does not own that supplier?
- 25th May 1997Give one reason a business might prefer lean methods to buying automated machinery.
- 26th May 1997Give one way rising consumer confidence in a boom might affect a business's decisions.
- 27th May 1997Give one disadvantage of relying only on secondary market research.
- 28th May 1997Identify one external stakeholder who might ask to see a business plan before providing finance.
- 29th May 1997Give one solution a business could use if late-paying customers are causing its cash-flow problem.
- 30th May 1997Why might a business prepare a cash-flow forecast even if it expects to be profitable for the year?
- 31st May 1997A business's selling price is 15 pounds and variable cost per unit is 9 pounds. Calculate the contribution per unit.