Lesson 1.5.3b
1.5.3b Impact of legislation on businesses Quiz: Pearson Edexcel Business, Unit 5
20 questions
In partnership with Revision Ninja
Lesson 1.5.3b, Impact of legislation on businesses: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 5: Understanding external influences on business, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
What is a major financial cost for businesses complying with new legislation?
- Higher dividends
- Compliance expenditure
- Lower taxation
- Reduced overheads
-
What legal consequence might a business face for breaching health and safety rules?
- Subsidy award
- Prosecution and fines
- Mandatory merger
- Tax exemption
-
How must a business handle customer information under data protection legislation?
- Briefly and loosely
- Openly and publicly
- Securely and lawfully
- Freely and widely
-
What direct effect does minimum wage legislation have on a business?
- Lower rent expenses
- Reduced tax bills
- Higher labour costs
- Cheaper raw materials
-
What extra cost does a manufacturer face when new packaging laws are introduced?
- Reduced staff wages
- Cheaper transport
- Redesign costs
- Lower utility bills
-
What is a likely consequence for a firm failing to meet its legal obligations?
- Reputational damage
- Increased market share
- Enhanced brand loyalty
- Higher share prices
-
What is a direct cost of complying with consumer law for a shop?
- Cheaper rent
- Lower tax rates
- Higher sales
- Staff training
-
What is the financial effect of compulsory workplace pension contributions for an employer?
- Reduced fixed assets
- Decreased wage bills
- Lower corporation tax
- Increased employment costs
-
What is a key benefit to a business of complying with consumer legislation?
- Eliminating all costs
- Guaranteed monopoly
- Building customer trust
- Instant tax exemption
-
What is the most likely outcome if a business ignores workplace safety laws?
- Legal prosecution
- Government grants
- Increased dividends
- Higher share prices
-
Why might a business welcome new legislation that sets clear industry standards?
- Fairer competition
- Free raw materials
- Unlimited profits
- Zero competition
-
What cost does a business typically face when new environmental regulations are introduced?
- Upgrading equipment
- Scraping VAT
- Lowering utility bills
- Decreasing wages
-
What is the main purpose of legislation regulating business advertising?
- Reducing media costs
- Boosting sales volume
- Maximising ad budgets
- Preventing false claims
-
What is a likely consequence for a business found guilty of hiring discrimination?
- Tribunal compensation
- Free marketing
- Tax rebates
- Subsidy payments
-
Why must businesses keep detailed records to prove legal compliance?
- Improving daily output
- Increasing share value
- Avoiding corporation tax
- Providing regulatory evidence
-
What is the immediate effect when a product is banned by new legislation?
- Reduced revenue
- Increased exports
- Higher demand
- Lower overheads
-
Which legislation directly increases business labour costs?
- Health targets
- Copyright acts
- National minimum wage
- Planning permission
-
How might legislation limiting working hours affect a business?
- Lower fixed costs
- Reduced staff turnover
- Increased daily output
- Higher overtime costs
-
Which marketing mix element is most affected when law forces a product redesign?
- Place
- Promotion
- Product
- Price
-
What is a primary impact of legislation on business operations?
- Increased costs
- Guaranteed profits
- Zero regulation
- Eliminated taxes
Related quizzes
- Stakeholders and their objectives Quiz · 1.5.1a · 20 questions
- How stakeholders affect and impact business and their conflicts Quiz · 1.5.1b · 20 questions
- Types of technology used by business Quiz · 1.5.2a · 20 questions
- How technology influences sales, costs and the marketing mix Quiz · 1.5.2b · 20 questions
- Principles of consumer law and employment law Quiz · 1.5.3a · 20 questions
- Unemployment, consumer income and inflation Quiz · 1.5.4a · 20 questions
- Interest rates, government taxation and exchange rates Quiz · 1.5.4b · 20 questions
- Business responses to changes in technology, legislation and the economy Quiz · 1.5.5a · 20 questions
- Changing technology, changing consumer wants and obsolescence Quiz · 1.1.1a · 20 questions
- Customer needs: price, quality, choice and convenience Quiz · 1.2.1a · 20 questions