AQA Business Studies Unit 5 Recap Quiz

Organize these options into the right categories:

Groups:

(a) Cash

,

(b) Profit

• The sale of shares in the business

• Depreciation of assets

• Sale of fixed assets

• Receipt of a bank loan

• Sales on credit

The formula for profit is ​ (a)   minus ​ (b)   ​ (c)   ​ (d)  

• Sales revenue
• Fixed costs
• plus
• Variable costs
• Minus
• Credit
• Cashflow

​ (a)   net cash flow occurs when ​ (b)   exceed ​ (c)  

• Negative
• cash outflows
• cash inflows
• Costs

What is the gross profit for the business below in its first year of trading?

Mathematical Equivalence

OFF

What is the operating profit of the business below in its first year of trading?

Mathematical Equivalence

ON

Label the diagram with the correct choices.

c

b

a

Increase Prices

Product is price inelastic

Product is price elastic

Which of the following is an example of short term debt?

• Overdraft

• Bank Loan

• Mortgage

• Venture Capital

Use the following numbers and words to complete the table below.

a

b

c

d

e

f

g

Expenses

85000

Interest and Taxation

Profit for the year

Gross Profit

45000

33750

​ (a)   = ​ (b)   minus ​ (c)  

• answer option
• Variance
• budgeted figure
• actual figure

What is the variance in sales revenue?

Mathematical Equivalence

ON