Question detail
Harbour Hire serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?8,025, sales of 490 units, and a 42% change in costs or demand. Which option best applies Use quantitative data to support, inform and justify business decisions?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Quantitative skills in business
Question
- A. Use quantitative, data, support, justify to judge gross profit margin, local community impact, and the business objective in Interpretation requirements.
- B. Give only a definition of Quantitative skills in business without using the case evidence.
- C. Treat stakeholders and shareholders as identical and ignore the effect on local community.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use quantitative, data, support, justify to judge gross profit margin, local community impact, and the business objective in Interpretation requirements.
Explanation
This answer fits the scenario because Use quantitative, data, support, justify to judge gross profit margin, local community impact, and the business objective in Interpretation requirements. The case evidence gives ?9,525, 490 units, and 42%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse stakeholders and shareholders, miss the local community, or ignore the business objective.
Common mistake
Interpretation requirements common mistake 1
Giving a vague answer instead of directly addressing: Use quantitative data to support, inform and justify business decisions..
Answer by clearly explaining how to use quantitative data to support, inform and justify business decisions..
Related flashcards
Flashcard 1 of 5
Related practice questions
Question 1 of 5
Choose an answer, get feedback, then move sideways through the set.