A-LevelAccountingDecision MakingOct/Nov 2024Paper 1 Q301 Mark
Which statements correctly describe cost-volume-profit analysis? 1 It assumes a linear relationship between costs, revenue and volume. 2 It can be used in 'what if' analysis. 3 It is a useful tool in long-term decision making. 4 It shows how costs, revenue and profit change in relation to sales volume.
A1, 2 and 3
B1, 2 and 4
C2 and 4 only
D3 and 4
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of decision making within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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