
Business Revision Quiz 1 - Breakeven, Forecasting, Balance S
Authored by Callum Richardson
Other
12th Grade
Used 14+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What kind of correlation is best when using the technique to inform marketing forecasts
Strong correlation
Negative correlation
Positive correlation
Weak correlation
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If demand for a product is found to increase as outside air temperatures rise, this would suggest
Strong fit
Positive correlation
Negative correlation
No correlation
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A moving average is particularly useful for pointing out
How competitors will respond to price changes
Qualitative changes in a market
Key changes in the nature of demand
A historical growth trend
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A key benefit of using extrapolation in sales forecasting is that it is
Highly accurate
Reliable over the long-term
Not affected by external factors
Relatively quick and cheap
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
All of the following represent limitations of sales forecasting except
Can improve efficiency and profitability
Long-range sales forecasts tend to be less reliable
Can involve complex calculations
Does not factor in changes in external environment
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The sales forecasting technique that involves making future predictions based on trends identified from past data is
Corroboration
Cash flow analysis
Extrapolation
Time series analysis
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The reason why a balance sheet always balances is because
Every transaction has two offsetting effects
Assets cannot be bought without cash
It is drawn up by an accountant
It is called the balance sheet
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?