Question detail
QuickFix Repairs serves commuters while opening a second outlet; the case evidence includes net profit margin of ?8,370, sales of 870 units, and a 7% change in costs or demand. Which option best applies Identify the legal structures available to businesses?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Business ownership
Question
- A. Use structures, businesses, available, legal to judge capacity utilisation, owners impact, and the business objective in Legal structures.
- B. Give only a definition of Business ownership without using the case evidence.
- C. Treat efficiency and productivity as identical and ignore the effect on owners.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use structures, businesses, available, legal to judge capacity utilisation, owners impact, and the business objective in Legal structures.
Explanation
This option works because Use structures, businesses, available, legal to judge capacity utilisation, owners impact, and the business objective in Legal structures. The case evidence gives ?9,870, 870 units, and 7%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse efficiency and productivity, miss the owners, or ignore the business objective.
Common mistake
Legal structures common mistake 1
Giving a vague answer instead of directly addressing: Identify the legal structures available to businesses..
Answer by clearly explaining how to identify the legal structures available to businesses..
Related flashcards
Flashcard 1 of 5
Related practice questions
Question 1 of 5
Choose an answer, get feedback, then move sideways through the set.