AS unit 1 Business Studies Questionnaire 1.0 / 5 based on 1 rating ? Business StudiesquestionsASAQA Created by: jacobCreated on: 23-12-13 18:45 What is the formula for revenue price x quantity sold 1 of 10 Definition of want Something that is desired 2 of 10 What is a definition of leadership the process of influencing others to work willing towards an organisation's goals 3 of 10 A cost that does change with output Fixed Cost 4 of 10 A cost that change with the level of output Variable Costs 5 of 10 What is break even when total revenue is equal to total costs 6 of 10 Why do firms use break even analysis to calculate in advance the level of output needed to break even 7 of 10 the formula for contribution per unit Fixed Costs ÷ (selling price per unit- variable cost per unit) 8 of 10 What is a margin of safety the amount by which sales can fall from their current level before reaching the break-even point 9 of 10 Define a Autocratic leader take top-down decisions without consulting employees to find out their views. they may provide very little information on the reasons for the decision 10 of 10
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