3.1 and 3.3 AQA Business A Level Revision

Functional objectives are usually set for :

• individuals

• the whole company

• departments

• senior management

The 'M' in SMART objectives =

• manageable

• motivating

• marginal

• measurable

Costs that alter directly with output level

• fixed costs

• variable costs

Revenue =

• selling price - quantity sold

• selling price + quantity sold

• selling price x quantity sold

• selling price / quantity sold

Unlimited liability applies to :

• an LTD

• a PLC

• a company

• a sole trader

Which type of business can sell shares to the public ?

• LTD

• PLC

• sole trader

Market capitalisation =

• Number of shares divided by share price

• Number of shares minus the share price

• Number of shares multiplied by share price

Qualitative market research =

• large scale surveys, closed questions

• small scale interviews, open questions

Which of the following is the BEST definition of 'mission statement'?

• A statement defining the future aspirations of a business

• A statement defining what an organisation is, why it exists and its purpose

• A statement explaining what the business does

• A statement explaining which stakeholders a business will serve

What do shareholders want from a business? Tick all that apply.

• Dividend payments

• Capital Growth

• Voting rights at the AGM

• All of the above