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Exam (elaborations)

AQA A LEVEL BUSINESS STUDIES - BUSS2 QUESTIONS WITH CORRECT ANSWERS 2024

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AQA A LEVEL BUSINESS STUDIES - BUSS2 QUESTIONS WITH CORRECT ANSWERS 2024

Institution
AQA A LEVEL BUSINESS
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Institution
AQA A LEVEL BUSINESS
Course
AQA A LEVEL BUSINESS

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Uploaded on
October 13, 2024
Number of pages
9
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • aqa a level business studies buss2 questions wit

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AQA A LEVEL BUSINESS STUDIES -
BUSS2 QUESTIONS WITH CORRECT
ANSWERS 2024
BudgetK-KcorrectKanswer-
AnKagreedKplan,Kestablishing,KinKnumericalKandKfinancialKterms,KtheKpolicyKtoKbeKpursuedKandKtheKanticipat
edKoutcomesKofKthatKpolicy



SMARTK-KcorrectKanswer-HowKbudgetsKmustKbe:

Specific

Measurable

Agreed

Realistic

Timed



VarianceKAnalysisK-KcorrectKanswer-
TheKprocessKbyKwhichKtheKoutcomesKofKbudgetsKareKexaminedKandKthenKcomparedKwithKtheKbudgetedKfig
ures



FavourableKVarianceK-KcorrectKanswer-
WhenKcostsKareKlessKthanKexpected,KorKrevenueKisKmoreKthanKexpected



AdverseKVarianceK-KcorrectKanswer-
WhenKcostsKareKhigherKthanKexpectedKorKrevenueKisKlowerKthanKexpected



BankKOverdraftK-KcorrectKanswer-
WhenKtheKholderKofKaKcurrentKaccountKisKallowedKtoKwithdrawKmoreKmoneyKthanKisKinKtheKaccount.KThereK
isKanKagreedKmaximum



Short-termKLoanK-KcorrectKanswer-MoneyKleantKfromKaKbankKtoKbeKrepayedKsubjectKtoKpre-
agreedKtermsKandKinterestKpayments

, FactoringK-KcorrectKanswer-
WhenKaKfactoringKcompqanyKbuysKtheKrightKtoKcollectKmoneyKfromKcreditKsalesKofKanKorganisation



SaleKofKAssetsK-KcorrectKanswer-
WhenKaKbusinessKtransfersKownershipKofKanKitemKthatKitKownsKtoKanotherKbusinessK/Kindividual,KusuallyKinK
returnKforKcash



SaleKandKLeaseKBackK-KcorrectKanswer-
WhenKanKassetKisKsoldKtoKprovideKimmediateKcashKflowKandKthenKleasedKbackKoverKaKfixedKperiod



WorkingKCapitalK-KcorrectKanswer-Day-to-dayKfinanceKusedKinKaKbusiness,KconsistingKofKassetsK-Kliabilities



ProfitK-KcorrectKanswer-TheKmoneyKretainedKbyKaKbusinessKafterKallKcostsKhaveKbeenKdeducted



ProfitabilityK-KcorrectKanswer-TheKefficiencyKoKaKbusinessKinKgeneratingKprofit



NetKProfitKMarginK-KcorrectKanswer-
MeasuresKnetKprofitKasKaKpercentageKofKsales.KAKhighKnetKprofitKmarginKisKdesired



ReturnKonKCapitalK-KcorrectKanswer-MeasuresKprofitKinKrelationKtoKtheKcapitalKinvestedKinKaKbusiness



CapitalKInvestedK-KcorrectKanswer-AllKofKtheKmoneyKprovidedKtoKtheKbusinessKbyKitsKowners



LiquidityK-KcorrectKanswer-TheKabilityKtoKconvertKanKassetKintoKcashKwithoutKlossKorKdelay



OrganisationalKStructureK-KcorrectKanswer-
RelationshipKbetweenKdifferentKpeopleKandKfunctionsKinKanKorganisation,KbothKverticallyKandKhorizontally



OrganisationKChartK-KcorrectKanswer-
AKdiagramKshowingKtheKlinesKofKauthorityKandKaccountabilityKinKanKorganisation
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