Forms of Business (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is opportunity cost?
What is opportunity cost?
Benefit lost from next best alternative
A business ranks options: 1.Advertising 2.Retraining 3.Redecoration 4.Vehicles. What's the opportunity cost?
A business ranks options: 1.Advertising 2.Retraining 3.Redecoration 4.Vehicles. What's the opportunity cost?
Retraining the workforce
Which is an example of non-monetary opportunity cost?
Which is an example of non-monetary opportunity cost?
Worker confidence & happiness from training
How much did Arsenal FC invest in the Emirates Stadium in 2001?
How much did Arsenal FC invest in the Emirates Stadium in 2001?
$400 million
How long was Arsenal's trophy drought after the Emirates Stadium opened in 2006?
How long was Arsenal's trophy drought after the Emirates Stadium opened in 2006?
8 years (until 2014)
What is a trade-off in business?
What is a trade-off in business?
Selecting one option requires compromising
What does the risk-reward relationship show?
What does the risk-reward relationship show?
Higher returns require accepting greater risks
Which is a benefit of entrepreneurship?
Which is a benefit of entrepreneurship?
Complete control over business decisions
What trade-off exists between liquidity & profitability?
What trade-off exists between liquidity & profitability?
Cash provides security but reduces investment
When was Boeing's entire Dreamliner fleet grounded?
When was Boeing's entire Dreamliner fleet grounded?
January 2013