Exam (elaborations)
EDEXCEL BUSINESS A LEVEL PAPER 2 (THEME 2 & 3) QUESTIONS WITH 100- CORRECT ANSWERS 2024
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EDEXCEL BUSINESS A LEVEL PAPER 2 (THEME 2 & 3) QUESTIONS WITH 100- CORRECT ANSWERS 2024
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EDEXCEL BUSINESS A LEVEL PAPER 2(THEME 2 & 3) QUESTIONS WITH 100%
CORRECT ANSWERS 2024
RetainedMprofitsM-McorrectManswer-
profitsMthatMtheMownersMhaveMreinvestedMintoMtheMbusinessMafterMpayingMcostsMandMtaxes
Owners'MfundsM-McorrectManswer-moneyMputMinMbyMtheMownersMthemselves
SaleMofMassetsM-McorrectManswer-aMone-
offMwayMtoMraiseMmoney,MgenerallyMusedMduringMfinancialMstruggles
BenefitsMofMownersMfundsM-McorrectManswer-AvoidsMinterestMonMloans
OwnersMkeepMcompleteMcontrol
DisadvantagesMofMownersMfundsM-McorrectManswer-
IfMitMfailsMafterMremortgaging,MtheyMcouldMloseMtheirMhouse
LimitMtoMamountMraised
ShortMtermMfinanceMexamplesM-McorrectManswer-overdraftsMforMdailyMexpenses
MediumMtermMfinanceMexamplesM-McorrectManswer-
loans,MhireMpurchase,MtradeMcredit,MdebtMfactoringMusedMtoMpayMforMrepairs,MpaidMbackMafterM1-5Myears
LongMtermMfinanceMexamplesM-McorrectManswer-
issuingMshares,Mdebentures,Mmortgages,MgrantsMusedMtoMpayMforMmajorMexpenditure,MpaidMbackMoverMm
anyMyears
SellingMassetsM-McorrectManswer-CanMsellMmachines,Mbuildings,Mland
LimitedMbuyers
AdvertisingMcosts
,SoldMcheaply
LoansM-McorrectManswer-HighMinterestMrates
UsuallyMrequiresMsecurityMinMtheMformMofMassetsMwhichMwillMbeMtakenMawayMifMtheyMdon'tMmakeMtheMrep
ayments
NeedsMregularMupdates
GrantsM-McorrectManswer-NoMrepayment
MayMbeMrecalledMifMconditionsMaren'tMmet
MayMnotMcoverMfullMamount
HireMpurchaseM/MleasingM-McorrectManswer-MustMpayMdepositMandMmonthly
OwnMassetsMatMtheMend
LeasingMdoesMnotMleadMtoMownership
MustMpayMinterest
WillMbeMre-claimedMifMnotMpaidMfor
IssuingMsharesM-McorrectManswer-OnlyMforMaMlimitedMcompanyM(ltd,Mplc)
NoMriskMbutMmustMpayMyearlyMdividends
ShareholdersMatMriskMasMsharesMfluctuate
ShareholdersMhaveMinfluence
VentureMcapitalM-McorrectManswer-LargeMbusinessesMlendMtoMsmallerM(notMplc)Mbusinesses
LenderMbecomesMshareholder
AimMtoMgrowMbusinessMsoMshareMpriceMincreases
LendersMplayMactiveMrole
RevenuesM-McorrectManswer-theMamountMofMproductMthatMaMcustomerMactuallyMbuys
,TotalMrevenueMequationM-McorrectManswer-volumeMsoldMxMaverageMsellingMprice
ProfitMasManMobjectiveM-McorrectManswer-ProfitMisMtheMmostMimportantMsourceMofMcashMflowMandMfinance
CanMbeMotherMreasonsMforMrunningMaMbusinessMthanMprofit
WhyMprofitMisMimportantM-McorrectManswer-AMreturnMonMinvestment
AMrewardMforMtakingMrisks
AMkeyMsourceMofMfinance
AMmeasureMofMbusinessMsuccess
AMmotivatingMfactor
ProfitMequationM-McorrectManswer-totalMsalesM-MtotalMcosts
CostsM-McorrectManswer-amountsMthatMaMbusinessMincursMinMorderMtoMmakeMgoods/services
CostsMareMimportantMbecauseM-McorrectManswer-TheyMdrainMawayMprofit
ChangeMprofitMmargins
MainMcausesMofMcashMflowMproblems
ChangesMwithMoutput
VariableMcostsM-McorrectManswer-ChangeMasMoutputMvaries
LowerMriskMforMstartups
VariableMcostMexamplesM-McorrectManswer-RawMmaterials
BroughtMinMstocks
WagesMbasedMonMhours
MarketingMcostsMbasedMonMsales
FixedMcostsM-McorrectManswer-Don'tMchangeMwithMoutput
, HigherMriskMforMstartups
FixedMcostMexamplesM-McorrectManswer-RentM&Mrates
Salaries
Advertising
Insurance,Mbanking,MlegalMfees
Software
Advisers
TotalMcostsMequationM-McorrectManswer-fixedMcostsM+MvariableMcosts
ProblemsMestimatingMcostsM-McorrectManswer-SomeMareMeasierMthanMothers
Rent,Msalaries,Madvertising
OthersMareMharder
RawMmaterials
ReturnsMorMrefunds
BudgetM-McorrectManswer-
aMfinancialMplanMforMtheMfutureMconcerningMtheMrevenuesMandMcostsMofMaMbusiness
ManagerialMaccountabilityM-McorrectManswer-BudgetsMonMtheMobjectives
ManagersMareMrequiredMtoMthinkMahead
BudgetMusesMforMmanagementM-McorrectManswer-SetMtargetsM
MotivateMstaffs
ImproveMefficiency
ForecastMoutcomes
MonitorMperformances
AssignMresponsibilities
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