Free Pearson Edexcel International IGCSE Business Studies
Practice Paper

A business owned by one person is a:

1. plc
2. partnership
3. franchise
4. sole trader

The four elements of the marketing mix are product, price, place and:

1. promotion
2. profit
3. people
4. process

Which of the following is the best definition of induction training?

1. A programme that teaches employees advanced management techniques
2. Training provided to improve the skills of existing long-term staff
3. Training that takes place away from the normal work environment
4. An introduction given to new employees about the business and their role

The protection of owners' personal assets is:

1. goodwill
2. market share
3. limited liability
4. unlimited liability

The cost of borrowing money is the:

1. exchange rate
2. tax rate
3. inflation rate
4. interest rate

Money borrowed and repaid with interest is a:

1. retained profit
2. loan
3. grant
4. share issue only

Costs that do not change with output are:

1. variable costs
2. total costs
3. unit costs
4. fixed costs

The process of finding and hiring staff is:

1. retirement
2. recruitment
3. redundancy
4. appraisal