Daily Practice · GCSE Business
December 2005 5-a-day
Every sheet in December 2005
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2005Give one document that partners typically draw up when forming a partnership.
- 2nd December 2005State the difference between invention and innovation.
- 3rd December 2005Give one example of a current asset and one example of a current liability.
- 4th December 2005What does the income statement show?
- 5th December 2005Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 6th December 2005State what job rotation means.
- 7th December 2005Give one example of technology used in human resources.
- 8th December 2005State the four main stages of the business cycle.
- 9th December 2005State which UK institution sets the base rate that heavily influences interest rates.
- 10th December 2005Give one sign in a case study that a business's marketing mix is inconsistent.
- 11th December 2005What is a direct distribution channel?
- 12th December 2005A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 13th December 2005Define productivity and state the formula.
- 14th December 2005Explain why a growing business might change from being a sole trader to a private limited company.
- 15th December 2005Give one reason creativity is a valuable quality for an entrepreneur.
- 16th December 2005Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 17th December 2005State one non-financial reward an entrepreneur might gain from running their own business.
- 18th December 2005State one advantage of an overdraft as a source of finance.
- 19th December 2005On which financial statement does capital expenditure appear, and as what?
- 20th December 2005State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 21st December 2005State the difference between a job description and a person specification.
- 22nd December 2005State one duty an employer has under health and safety law.
- 23rd December 2005Give one cost to a business of complying with new legislation.
- 24th December 2005Give one example of a primary research method.
- 25th December 2005During which stage of the product life cycle are sales typically at their highest?
- 26th December 2005Give one way a business builds brand recognition through the marketing mix, other than the product itself.
- 27th December 2005Explain why a supplier's poor quality is a problem even when the business itself checks the goods.
- 28th December 2005Define lean production.
- 29th December 2005Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 30th December 2005Define market segmentation.
- 31st December 2005Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.