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Worksheetsyear 1 revision edexcel business a level GCE
Total questions: 20
Worksheet time: 12mins
Profit satisficing =
make as much profit as possible
make enough money to breakeven
make enough profit to keep owners happy
The missing term =
net profit (for the year)
finance costs
operating profit
current liabilities
Cost of goods sold = £ (a)
Gross profit margin = (a) %
Operating profit margin =
26 %
48 %
52 %
62 %
Boston Matrix : A product with low market share and high market growth =
cash cow
dog
star
problem child (question mark)
Which line is the green arrow pointing to ?
fixed costs line
total revenue line
total costs line
margin of safety = 1500
margin of safety = 900
margin of safety = 600
margin of safety = 300
Profit area is shaded :
yellow
green
red
Budgeted costs = £4500 Actual costs = £5300
variance = 800 favourable
variance = 800 adverse
variance = 9800 favourable
variance = 9800 adverse
The Boston Matrix :
relates to product portfolio analysis
does not relate to product portfolio analysis
Characteristics of an entrepreneur :
shy, cautious
risk taking, confident
gloomy, pessimistic
values security, like routine
Which diagram below shows a decrease in supply ?
Which parts of the accounts would you use when calculating the current ratio ?
A and C
B and C
A and D
B and D
The current ratio (and the acid test ratio) are used to assess : L (a) (one word)
Which of the following is NOT a form of flexible working ?
part-time
full time permanent
temporary
multi-skilling
Which of the following is the correct sequence ?
decline, maturity, growth, development, launch
launch, development, growth, maturity, decline
launch, growth, development, maturity, decline
development, launch, growth, maturity, decline
Which of the following is price inelastic demand ?
Which of the following is an inferior good ?
Which of the following is likely to be a luxury product ?
YED = + 1.1
YED = + 3.5
YED = + 0.5
YED = - 1.6
