Edexcel A-Level Business MCQs - Theme 2
Flashcard
•
Social Studies
•
11th Grade
•
Hard
Vincent Neate
FREE Resource
Student preview
50 questions
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1.
FLASHCARD QUESTION
Front
What is the formula for capacity utilisation?
Back
Actual output / Maximum possible output x 100
2.
FLASHCARD QUESTION
Front
What does the margin of safety represent?
Back
The difference between actual output and breakeven output
3.
FLASHCARD QUESTION
Front
What is gross profit?
Back
Revenue minus cost of sales
4.
FLASHCARD QUESTION
Front
What does operating profit margin measure?
Back
Profit per customer
5.
FLASHCARD QUESTION
Front
What is extrapolation?
Back
Using past trends to predict future values
6.
FLASHCARD QUESTION
Front
What is the formula for capacity utilisation?
Back
Actual output / Maximum possible output x 100
7.
FLASHCARD QUESTION
Front
What does the margin of safety represent?
Back
The difference between actual output and breakeven output
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