TCB Academy

O Level Business Studies 7081 — Interactive Revision Dashboard

Unit 1: Business Activity

Q1. Which of the following is the best definition of "Opportunity Cost"?

Correct! Opportunity cost measures the cost of a choice by looking at the next best option skipped.

Unit 2: People in Organizations

Q1. According to Herzberg, which of these is considered a true motivator?

Correct! Pay and conditions are hygiene factors; recognition directly motivates.

Unit 3: Marketing

Q1. Which method is an example of Primary Market Research?

Correct! Questionnaires gather fresh, first-hand primary data. [cite: 3]

Unit 4: Operations Management

Q1. Which production method is best suited for high-volume, standardized items like soft drinks?

Correct! Mass-market standardized goods leverage continuous flow production for lower unit costs. [cite: 4]

Unit 5: Financial Information & Decisions

Q1. What is the fundamental accounting equation used on a Balance Sheet?

Correct! Assets always equal total liabilities combined with equity. [cite: 6]

Unit 6: External Influences on Business Activity

Q1. Under the SPICED acronym, what happens when a country's exchange rate rises?

Correct! SPICED stands for Strong Currency Imports Cheap Exports Dear. [cite: 7]