AQA A Level Business Studies - BUSS2
2024/2025 Exam Questions with 100%
Correct Answers | Latest Update
Budget - 🧠 ANSWER ✔✔An agreed plan, establishing, in numerical and
financial terms, the policy to be pursued and the anticipated outcomes of
that policy
SMART - 🧠 ANSWER ✔✔How budgets must be:
Specific
Measurable
Agreed
Realistic
Timed
Variance Analysis - 🧠 ANSWER ✔✔The process by which the outcomes of
budgets are examined and then compared with the budgeted figures
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STATEMENT. ALL RIGHTS RESERVED
, Favourable Variance - 🧠 ANSWER ✔✔When costs are less than expected,
or revenue is more than expected
Adverse Variance - 🧠 ANSWER ✔✔When costs are higher than expected
or revenue is lower than expected
Bank Overdraft - 🧠 ANSWER ✔✔When the holder of a current account is
allowed to withdraw more money than is in the account. There is an agreed
maximum
Short-term Loan - 🧠 ANSWER ✔✔Money leant from a bank to be repayed
subject to pre-agreed terms and interest payments
Factoring - 🧠 ANSWER ✔✔When a factoring compqany buys the right to
collect money from credit sales of an organisation
Sale of Assets - 🧠 ANSWER ✔✔When a business transfers ownership of
an item that it owns to another business / individual, usually in return for
cash
Sale and Lease Back - 🧠 ANSWER ✔✔When an asset is sold to provide
immediate cash flow and then leased back over a fixed period
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
2024/2025 Exam Questions with 100%
Correct Answers | Latest Update
Budget - 🧠 ANSWER ✔✔An agreed plan, establishing, in numerical and
financial terms, the policy to be pursued and the anticipated outcomes of
that policy
SMART - 🧠 ANSWER ✔✔How budgets must be:
Specific
Measurable
Agreed
Realistic
Timed
Variance Analysis - 🧠 ANSWER ✔✔The process by which the outcomes of
budgets are examined and then compared with the budgeted figures
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, Favourable Variance - 🧠 ANSWER ✔✔When costs are less than expected,
or revenue is more than expected
Adverse Variance - 🧠 ANSWER ✔✔When costs are higher than expected
or revenue is lower than expected
Bank Overdraft - 🧠 ANSWER ✔✔When the holder of a current account is
allowed to withdraw more money than is in the account. There is an agreed
maximum
Short-term Loan - 🧠 ANSWER ✔✔Money leant from a bank to be repayed
subject to pre-agreed terms and interest payments
Factoring - 🧠 ANSWER ✔✔When a factoring compqany buys the right to
collect money from credit sales of an organisation
Sale of Assets - 🧠 ANSWER ✔✔When a business transfers ownership of
an item that it owns to another business / individual, usually in return for
cash
Sale and Lease Back - 🧠 ANSWER ✔✔When an asset is sold to provide
immediate cash flow and then leased back over a fixed period
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
