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QR Challenge: Business Studies AS Revision

Question	Answer
Google wants to ‘organise the world’s information and make it accessible & useful.’ This is a…	mission statement
What is the formula for Capacity Utilisation?	Current Output dived by Maximum output times 100
What is the formula for Total Contribution	Contribution per unit times number of units sold
What does PESTLE stand for?	Political Economical Social Technological Legal and Environmental
Formula for Market Capitalisation?	Number of shares issued times current share price
Formula for Break Even output?	Fixed costs divided by contribution per unit
The Japanese term is an approach of constantly introducing small incremental changes in a business in order to improve quality and/or efficiency.	Kaizen
This stock management system refers to ensuring that inputs into the production process only arrive when they are needed for production.	Just in Time
The time an order takes to arrive from the re order level is known as the...	Lead time
This motivational theorist involved hygiene and motivational factors.	Herzberg
Formula for Operating Profit is?	Gross Profit minus Operating Expenses
Formula for Profit for the year margin?	Profit for the year divided by sales revenue times 100
The difference between an actual and a budgeted figure.	Variance
If a bakery that sells bread has fixed costs of £20,000 an average selling price for each Loaf of £2 and the average variable cost per loaf of 0.65p, how many loafs are needed to break even?	14815 loafs
The new machinery will allow the business to produce 300 000 units a week. The total cost of production will be £660 000 per week. What is the Unit cost?	£2.20