Business, Psychology, and Economics – Revision Worksheet
Section A: Multiple Choice Questions (1 mark each)
1. In SWOT analysis, the 'O' stands for:
A. Opportunities
B. Operations
C. Objectives
D. Outcomes
Answer: A
2. Which psychological approach focuses on unconscious motives?
A. Behaviorism
B. Psychoanalysis
C. Humanism
D. Cognitive Psychology
Answer: B
3. The law of demand states that, all else equal, as price increases, quantity
demanded:
A. Increases
B. Decreases
C. Remains the same
D. Fluctuates randomly
Answer: B
4. Which financial statement shows a company’s assets, liabilities, and equity?
A. Income Statement
B. Balance Sheet
C. Cash Flow Statement
D. Statement of Retained Earnings
Answer: B
5. In classical conditioning, the stimulus that naturally triggers a response is called:
A. Conditioned stimulus
B. Unconditioned stimulus
C. Neutral stimulus
D. Reinforcer
Answer: B
6. GDP stands for:
A. Gross Domestic Product
B. General Demand Price
C. Gross Domestic Price
Section A: Multiple Choice Questions (1 mark each)
1. In SWOT analysis, the 'O' stands for:
A. Opportunities
B. Operations
C. Objectives
D. Outcomes
Answer: A
2. Which psychological approach focuses on unconscious motives?
A. Behaviorism
B. Psychoanalysis
C. Humanism
D. Cognitive Psychology
Answer: B
3. The law of demand states that, all else equal, as price increases, quantity
demanded:
A. Increases
B. Decreases
C. Remains the same
D. Fluctuates randomly
Answer: B
4. Which financial statement shows a company’s assets, liabilities, and equity?
A. Income Statement
B. Balance Sheet
C. Cash Flow Statement
D. Statement of Retained Earnings
Answer: B
5. In classical conditioning, the stimulus that naturally triggers a response is called:
A. Conditioned stimulus
B. Unconditioned stimulus
C. Neutral stimulus
D. Reinforcer
Answer: B
6. GDP stands for:
A. Gross Domestic Product
B. General Demand Price
C. Gross Domestic Price
