A Level (theme 3) - General quiz

How is ARR expressed?

• %

• £

• Days

• Fraction

How is payback period expressed?

• %

• £

• Time

• Fraction

How is NPV expressed?

• £

• %

• Time

• Decimal

CSR stands for?

• Corporate sustainability responsibility

• Corporate sales responsibility

• Corporate social responsibility

• Corporate social remittance

What is a trade creditor?

• Somebody who owes you money.

• Somebody you owe money to.

• It is a type of fixed asset.

• It is a form of depreciation.

What is a trade debtor?

• Somebody who owes you money.

• Somebody you owe money to.

• It is a type of fixed asset.

• It is a form of depreciation.

A _____ uses estimates and probabilities to calculate likely outcomes.

• gearing ratio

• liquidity ratio

• gross profit margin

• decision tree

Which one of the following is an advantage of using a decision tree?

• Probabilities are just estimates – always prone to error

• Use of probabilities enables the “risk” of the options to be addressed

• Assignment of probabilities and expected values prone to bias

• Decision-making technique doesn’t necessarily reduce the amount of risk

Which one of the following is an disadvantage of using a decision tree?

• Assignment of probabilities and expected values prone to bias

• Easy to understand & tangible results

• Choices are set out in a logical way

• Use of probabilities enables the “risk” of the options to be addressed

What is an advantage of using critical path analysis?

• Too many activities may the network diagram too complicated

• CPA does not guarantee the success of a project – that still needs to be managed properly

• Reliability of CPA largely based on accurate estimates and assumptions made

• Encourages careful assessment of the requirements of each activity in a project