Lesson 2.5.2
2.5.2 Legislation affecting business Quiz: Pearson Edexcel Business, Unit 2
20 questions
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Lesson 2.5.2, Legislation affecting business: 20 multiple choice questions for the Pearson Edexcel Business (9BS0), Unit 2: Managing business activities, written with Revision Ninja.
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The 20 questions
-
Which UK legislation protects consumers from faulty goods and unfair contracts?
- Consumer Rights Act 2015
- Trade Descriptions Act 1968
- Sale of Goods Act 1979
- Competition Act 1998
-
What is the primary legal duty of health and safety legislation for employers?
- Provide free healthcare
- Fund employee training
- Guarantee high wages
- Keep staff safe
-
Minimum wage legislation is best classed as an example of:
- Environmental protection
- Employee protection
- Competition policy
- Consumer protection
-
What is a major objective of UK competition policy?
- Stop cartels
- Block foreign trade
- Set price caps
- Subsidise monopolies
-
How does environmental legislation most directly affect manufacturing firms?
- Lower tax rates
- Increase export sales
- Ban all waste
- Raise operating costs
-
Which UK regulatory body is responsible for enforcing competition law?
- Financial Conduct Authority
- Health and Safety Executive
- Advertising Standards Authority
- Competition and Markets Authority
-
What is the main commercial benefit of offering returns beyond legal minimums?
- Greater customer loyalty
- Reduced staff turnover
- Lower material costs
- Higher tax relief
-
A firm must spend 40,000 pounds on new emissions filters. Its annual profit before this spend was 200,000 pounds. What is the cost as a percentage of that profit?
- 20%
- 40%
- 25%
- 10%
-
What is the immediate financial impact of extending a product returns window?
- Higher handling costs
- Lower staff salaries
- Increased gross profit
- Reduced advertising spend
-
Which policy area deals directly with businesses fixing prices with competitors?
- Consumer protection
- Environmental policy
- Competition policy
- Employment law
-
A business must provide safety training and protective equipment to its staff. Which area of legislation applies?
- Corporation tax law
- Competition policy
- Exchange rate regulation
- Health and safety
-
A worker earns 8.00 pounds per hour for 35 hours a week. If the hourly rate rises to 9.00 pounds, what is the weekly pay increase?
- 315.00 pounds
- 9.00 pounds
- 8.00 pounds
- 35.00 pounds
-
What potential benefit can employment protection laws bring to a business?
- Lower redundancy payouts
- Zero training expenses
- Instant dismissal rights
- Improved staff motivation
-
A firm's compliance costs rise by 10% from 150,000 pounds. What are the new compliance costs?
- 165,000 pounds
- 175,000 pounds
- 160,000 pounds
- 155,000 pounds
-
What are the combined consequences for a firm breaching environmental laws?
- Higher employee wages
- Increased market share
- Tax rebates and subsidies
- Fines and reputational damage
-
Which business type is most affected by rules banning hidden checkout fees?
- Wholesale supplier
- High street baker
- Online retailer
- Commercial farmer
-
How does competition policy primarily benefit consumers?
- Lower prices
- Fewer product choices
- Guaranteed subsidies
- Higher tax revenues
-
What financial saving can health and safety compliance bring to a firm?
- Fewer staff absences
- Cheaper energy bills
- Higher asset values
- Zero insurance premiums
-
What is the strongest argument that consumer protection reduces investment?
- Cheaper borrowing rates
- Higher compliance costs
- Lower wage demands
- Reduced market size
-
Which UK legislation gives employees protection against unfair dismissal and sets out their rights at work?
- Consumer Credit Act 1974
- Companies Act 2006
- Employment Rights Act 1996
- Competition Act 1998
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