Daily Practice · GCSE Business
December 1998 5-a-day
Every sheet in December 1998
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 1998Distinguish between internal and external failure costs.
- 2nd December 1998Explain the two ways a business can increase its profit.
- 3rd December 1998Give one document that partners typically draw up when forming a partnership.
- 4th December 1998Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 5th December 1998Give one example of a current asset and one example of a current liability.
- 6th December 1998What equation must always balance on a statement of financial position?
- 7th December 1998Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 8th December 1998State what job rotation means.
- 9th December 1998Give one example of technology used in human resources.
- 10th December 1998State the four main stages of the business cycle.
- 11th December 1998State which UK institution sets the base rate that heavily influences interest rates.
- 12th December 1998Give one sign in a case study that a business's marketing mix is inconsistent.
- 13th December 1998What is a direct distribution channel?
- 14th December 1998A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 15th December 1998Define productivity and state the formula.
- 16th December 1998Give one advantage of buying a franchise rather than starting an entirely independent business.
- 17th December 1998State one way an entrepreneur could generate a business idea without inventing something completely new.
- 18th December 1998Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 19th December 1998Define reward in the context of enterprise.
- 20th December 1998What is crowdfunding?
- 21st December 1998On which financial statement does capital expenditure appear, and as what?
- 22nd December 1998State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 23rd December 1998State the difference between a job description and a person specification.
- 24th December 1998State one duty an employer has under health and safety law.
- 25th December 1998Give one cost to a business of complying with new legislation.
- 26th December 1998Is '45% of customers said they would buy the product' quantitative or qualitative data?
- 27th December 1998During which stage of the product life cycle are sales typically at their highest?
- 28th December 1998Give one way a business builds brand recognition through the marketing mix, other than the product itself.
- 29th December 1998Explain why a supplier's poor quality is a problem even when the business itself checks the goods.
- 30th December 1998Define lean production.
- 31st December 1998Identify what typically happens to unemployment during a recession.