Business GCSE Unit 1 | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

True or False: Fixed costs vary with the output of the business

False - Fixed costs stay the same no matter how much is produced

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lifesaver

Give 25 points!

Oops!

gift

Win 25 points!

Okay!

gift

Win 25 points!

Okay!

lifesaver

Give 25 points!

Oops!

baam

Lose 10 points!

Oops!

seesaw

Swap points!

Okay!

rocket

Go to first place!

Okay!

banana

Go to last place!

Oops!

thief

Give points!

5

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25

magnet

Take 25 points!

Okay!

fairy

Take points!

5

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25

banana

Go to last place!

Oops!

15

True or False: businesses are only set up to make money?

False they can also be for a social benefit like a charity

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15

Give 2 examples of Fixed costs

answer satisfactory to teacher

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15

give 2 reasons for making a business plan

Answer according to teacher satisfaction

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15

True or false: most business that sell shares on the stock market are sole traders

False: Sole traders is one owner no shares are sold

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15

Calculate the revenue: Bob sold 200 cakes for £2 each at the station, he paid £10 for renting his table for sales

£400

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15

What is a business objective

A short term goal

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15

How many people are in a partnership

2-20

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15

Which 2 will be in a business plan: Personal details/staffing requirements/Persons name who you are leasing property from

answer satisfactory to teacher

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15

Give the formula for Total costs

Fixed costs + Variable costs

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15

True or False: All shareholders are stakeholders

True - all shareholders are affected by the business

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15

True or False: not-for-profit organisations don't need to generate any income

False - they don't generate profit

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20

Give 2 examples of external expansion

merger and takeover

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