Free WJEC GCSE Business Studies
Practice Paper

The process of finding and hiring new staff is:

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

Which of the following best describes the purpose of a cash flow forecast?

1. To show the assets and liabilities of a business at one point in time
2. To record all transactions that have already occurred
3. To calculate the annual profit made by a business
4. To estimate future cash inflows and outflows over a period

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

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

Well-motivated staff usually have higher:

1. labour turnover
2. costs
3. productivity
4. absence

Checking products meet a standard is:

1. recruitment
2. quality control
3. market research
4. budgeting

Output produced per worker measures:

1. liability
2. turnover
3. market share
4. productivity

For a new small business, the most important objective is often:

1. maximum tax
2. closure
3. survival
4. global domination

Producing groups of identical products together is:

1. flow production
2. cell production only
3. batch production
4. job production