Daily Practice

GCSE Business

19th August 2024

5 questions · GCSE · 503 questions in this band

1
Analysing financial statements: ratio analysis
Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?
2
Capital Expenditure and Revenue Expenditure
Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
3
Choosing the Right Source of Finance for a Business Scenario
A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
4
Break-Even: The Effect of Changes in Price, Costs and Output
Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
5
Organisational structures and span of control
Give one advantage of a wide span of control.

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