Edexcel A-Level Business MCQs - Theme 2
Authored by Vincent Neate
Social Studies
11th Grade
Used 3+ times
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80 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for capacity utilisation?
Maximum output / Actual output x 100
Fixed costs / Contribution per unit
Actual output / Maximum possible output x 100
Total sales / Total costs x 100
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the margin of safety represent?
The difference between actual output and breakeven output
Fixed costs plus variable costs
Total sales minus total costs
Total profit earned
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is gross profit?
Total profit minus tax
Cost of sales minus expenses
Revenue minus cost of sales
Revenue minus expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does operating profit margin measure?
Expenses over time
Profit per customer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is extrapolation?
Using past trends to predict future values
Plotting correlation data
Setting unrealistic goals
Removing seasonal effects
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for capacity utilisation?
Fixed costs / Contribution per unit
Maximum output / Actual output x 100
Actual output / Maximum possible output x 100
Total sales / Total costs x 100
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the margin of safety represent?
Total sales minus total costs
The difference between actual output and breakeven output
Fixed costs plus variable costs
Total profit earned
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