Favourable variance - Study guides, Class notes & Summaries

What is crossfit - CORRECT ANSWER-Constantly varied functional movements executed at high intensity. The aims, prescription, methodology, implementation, and adaptations of CrossFit - CORRECT ANSWER-to forge a broad general and inclusive fitness Prepare for the unknown and unknowable. Characteristics of functional movements - CORRECT ANSWER-natural, universal motor recruitment patterns, essential, safe, compound yet irreducible, core to extremity, power. Most Important characteristic...

AQA A Level Business – Definitions 100% Correct Adverse varience When actual costs are higher than budget costs Autocratic When the manager makes all the decisions Bank overdraft The amount that can be overspent on a bank account (be overdrawn) Blake mouton grid The concern for people and production a manager has Boston matrix Product portfolio analysis of a business into 4 categories Branding how consumers recognise and identify with a product Break-Even The point when total sales is eq...

AQA A Level Business Studies - BUSS2 Latest 2023 Graded A+ Budget An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy SMART How budgets must be: Specific Measurable Agreed Realistic Timed Variance Analysis The process by which the outcomes of budgets are examined and then compared with the budgeted figures Favourable Variance When costs are less than expected, or revenue is more than expected Adverse Variance Wh...

CIPS L4M2 EXAM 2024 Re-buy It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy A new purchase outlines requirements that have not been specified befo...

BTEC Unit 2 Finance Exam With 100% Correct Answers 2024Start up Cost - correct answer-The expenses a new business must pay before it can begin to produce and sell goods Operating Cost - correct answer-Those costs involved in the ordinary day-to-day running of the business. Direct Cost - correct answer-Costs that are directly linked to the production, such as raw materials or labour. Indirect Cost - correct answer-Costs which cannot be directly related to a particular product. Often know...

CrossFit level 1 participant handbook Questions and Answers, Graded A+ Define Crossfit A core strengthing program made up of constantly varied high intensity functional movements Articulate the 7 characteristics of Functional Movements Natural Universal Motor Recruitment Patterns Essential Safe compound yet Irreducible Core to Extremity High Power Producing Functional Movement Characteristic: Natural involve multiple joint movements Functional Movement Characterist...

BTEC Unit 2 Finance with complete questions and answers Startup Cost - CORRECT ANSWER The expenses a new business must pay before it can begin to produce and sell goods Operating Cost - CORRECT ANSWER Those costs involved in the ordinary day-to-day running of the business. Direct Cost - CORRECT ANSWER Costs that are directly linked to the production, such as raw materials or labor. Indirect Cost - CORRECT ANSWER Costs which cannot be directly related to a particular product. Often ...

Learner_SITXFIN004 Prepare and Monitor Budgets V2 LATEST UPDATE

Retained profits profits that the owners have reinvested into the business after paying costs and taxes Owners' funds money put in by the owners themselves Sale of assets a one-off way to raise money, generally used during financial struggles Benefits of owners funds Avoids interest on loans Owners keep complete control Disadvantages of owners funds If it fails after remortgaging, they could lose their house Limit to amount raised Short term finance examples overdrafts for daily ex...

0 1 Which is the source document for a payment by direct debit? [1 mark] A Bank statement B Cash receipt C Cheque counterfoil D Purchase invoice 0 2 Which is the formula for markup? [1 mark] A Cost of sales Gross profit × 100 B Gross profit Cost of sales × 100 C Gross profit Revenue × 100 D Revenue Gross profit × 100 CORRECT METHOD WRONG METHODS 3 *03* Turn over ► IB/G/Jun23/7127/2 Do not write outside the 0 3 Which is a benefit of marginal costing box ? [1 ...