EDCO SAMPLE A BUSINESS + B QUESTIONS
WITH CORRECT ANSWERS 2025/2026
Desk research examples - CORRECT ANSWER -Statistics from the CSO,Marketing reports
Field research examples - CORRECT ANSWER -Questionnaire, survey,focus group, in store
experiments
Grounds of discrimination in a workplace - CORRECT ANSWER -- you can't discriminate an
employee because of their gender, for example favouring male employees and giving them a
higher position
- you can't discriminate an employee because of their race, for example favouring a white
person over a black person
Mortgage- long term loan - CORRECT ANSWER -It is a specific long term loan for a building.
(Reason : Long term need)
hire purchase - medium source of finance - CORRECT ANSWER -Needed to purchase a car as it's
a medium need
Insurance - CORRECT ANSWER -protection against possible financial loss.
Home insurance - CORRECT ANSWER -Protects her house and contents from burglary and
damage
Car insurance - CORRECT ANSWER -It's compulsory for all vehicles driven On public roads. It will
protect a person from an accident.
, Positive impacts of a business to the rinse economy - CORRECT ANSWER --Employees standards
of living will increase because they'll all have more disposable income as they're working.
- multiplier effect - extra income leads to increase spending.
HowWtoWimproveWcashWflowW-WCORRECTWANSWERW-
ReduceWpaymentsWbyWnegotiatingWwithWsuppliersWforWbetterWdealsWorWlookWforWcheaperWandWgo
odWalternatives.
WhyWtoWprepareWaWbusinessWplanW-WCORRECTWANSWERW-
ToWseeWifWtheWbusinessWisWlikelyWtoWsucceedWorWnot.
ToWidentifyWanyWproblemsWinWtheWbusinessWandWtoWtakeWactionWtoWsolveWthemWasWearlyWasWpossi
ble.
BenefitsWofWEUWmembershipW-WCORRECTWANSWERW--
WTheyWcanWemployWaWtrainerWfromWanyWmemberWofWstate,WbecauseWofWtheWSEM.WFreeWmovemen
tWofWLabourWisWinvolvedWaswell.
-WTheyWcanWimportWtrainingWequipmentWforWanWeuWcountryWwithoutWpayingWimportWtax.
WhyWareWtaxesWimposed?WFinancialW-WCORRECTWANSWERW-
TaxWisWaWsourceWofWrevenueWforWtheWgovernment.WTheWgovernmentWusesWtheWtaxWtoWpayWforWsoc
ialWprotection.WPRSIWisWusedWtoWpayWsocialWpaymentsWpensionWjobseekersWallowanceWandWchildW
benefit.
WhyWareWtaxesWimposedWsocialW-WCORRECTWANSWERW-
TaxesWareWimposedWtoWredistributeWwealthWinWtheWeconomy.WWithoutWtaxesWunemployedWandWr
etiredWpeopleWwon'tWhaveWaWsourceWofWincome.
OtherWtypesWofWtaxesW-WCORRECTWANSWERW-VAtWandWMotor
WITH CORRECT ANSWERS 2025/2026
Desk research examples - CORRECT ANSWER -Statistics from the CSO,Marketing reports
Field research examples - CORRECT ANSWER -Questionnaire, survey,focus group, in store
experiments
Grounds of discrimination in a workplace - CORRECT ANSWER -- you can't discriminate an
employee because of their gender, for example favouring male employees and giving them a
higher position
- you can't discriminate an employee because of their race, for example favouring a white
person over a black person
Mortgage- long term loan - CORRECT ANSWER -It is a specific long term loan for a building.
(Reason : Long term need)
hire purchase - medium source of finance - CORRECT ANSWER -Needed to purchase a car as it's
a medium need
Insurance - CORRECT ANSWER -protection against possible financial loss.
Home insurance - CORRECT ANSWER -Protects her house and contents from burglary and
damage
Car insurance - CORRECT ANSWER -It's compulsory for all vehicles driven On public roads. It will
protect a person from an accident.
, Positive impacts of a business to the rinse economy - CORRECT ANSWER --Employees standards
of living will increase because they'll all have more disposable income as they're working.
- multiplier effect - extra income leads to increase spending.
HowWtoWimproveWcashWflowW-WCORRECTWANSWERW-
ReduceWpaymentsWbyWnegotiatingWwithWsuppliersWforWbetterWdealsWorWlookWforWcheaperWandWgo
odWalternatives.
WhyWtoWprepareWaWbusinessWplanW-WCORRECTWANSWERW-
ToWseeWifWtheWbusinessWisWlikelyWtoWsucceedWorWnot.
ToWidentifyWanyWproblemsWinWtheWbusinessWandWtoWtakeWactionWtoWsolveWthemWasWearlyWasWpossi
ble.
BenefitsWofWEUWmembershipW-WCORRECTWANSWERW--
WTheyWcanWemployWaWtrainerWfromWanyWmemberWofWstate,WbecauseWofWtheWSEM.WFreeWmovemen
tWofWLabourWisWinvolvedWaswell.
-WTheyWcanWimportWtrainingWequipmentWforWanWeuWcountryWwithoutWpayingWimportWtax.
WhyWareWtaxesWimposed?WFinancialW-WCORRECTWANSWERW-
TaxWisWaWsourceWofWrevenueWforWtheWgovernment.WTheWgovernmentWusesWtheWtaxWtoWpayWforWsoc
ialWprotection.WPRSIWisWusedWtoWpayWsocialWpaymentsWpensionWjobseekersWallowanceWandWchildW
benefit.
WhyWareWtaxesWimposedWsocialW-WCORRECTWANSWERW-
TaxesWareWimposedWtoWredistributeWwealthWinWtheWeconomy.WWithoutWtaxesWunemployedWandWr
etiredWpeopleWwon'tWhaveWaWsourceWofWincome.
OtherWtypesWofWtaxesW-WCORRECTWANSWERW-VAtWandWMotor
