2.4.2a Using quantitative business data: graphs, charts, financial and market data Quiz: Pearson Edexcel Business, Unit 9

The 20 questions

1. Which chart type is best for showing a business's monthly sales figures changing over one year?

   • Line graph
   • Scatter diagram
   • Pie chart
   • Venn diagram

2. Which chart type is best for showing each region's percentage share of total annual sales?

   • Pie chart
   • Line graph
   • Scatter graph
   • Histogram

3. A bar chart shows sales of £40,000 in Q1, £55,000 in Q2, £30,000 in Q3 and £75,000 in Q4. Which quarter had the highest sales?

   • Quarter 4
   • Quarter 1
   • Quarter 3
   • Quarter 2

4. Sales rose from £40,000 to £55,000 between Q1 and Q2. What is the percentage increase?

   • 27.3%
   • 37.5%
   • 55%
   • 15%

5. Which of these is an example of quantitative market data?

   • Staff interview transcript
   • Number of buyers
   • Brand logo design
   • Customer focus group

6. A business's market share is 12% of a market worth £5 million. What is its sales value?

   • £6,000,000
   • £600,000
   • £60,000
   • £417,000

7. Which data source provides the most reliable insight into a competitor's financial performance?

   • Social media reviews
   • Published company accounts
   • Competitor advertising
   • Customer questionnaires

8. A line graph shows a business's cash balance falling steadily for four months. What does this indicate?

   • Sales growing rapidly
   • Outflows exceeding inflows
   • Profits exceeding revenue
   • Tax liabilities falling

9. Which of these is a valid piece of marketing data?

   • National minimum wage
   • Company loan interest
   • Brand awareness percentage
   • Corporation tax rate

10. A pie chart shows 25% of sales are online. Sales in the year were £800,000. What were online sales?

    • £25,000
    • £200,000
    • £32,000
    • £800,000

11. What is a main limitation of using a bar chart for data?

    • Always inaccurate
    • Shows no numbers
    • Too complex
    • Lacks causes

12. A business's sales rose by 20% in one year. Sales were £250,000 at the start. What were sales at the end?

    • £300,000
    • £350,000
    • £270,000
    • £200,000

13. What is the primary benefit of benchmarking a business's financial figures against industry averages?

    • Calculating total revenue
    • Guaranteeing future profits
    • Identifying relative performance
    • Eliminating business risk

14. Which of these is classified as qualitative business data?

    • Market share percentages
    • Monthly sales figures
    • Annual profit totals
    • Customer interview notes

15. A business's expenses are £90,000 and revenue is £150,000. Expenses are shown as a share of revenue in a pie chart. What percentage should the expenses slice show?

    • 60%
    • 90%
    • 40%
    • 150%

16. What is the main purpose of using a scatter graph?

    • Tracking daily sales
    • Displaying totals
    • Showing percentages
    • Showing correlation

17. A market report shows a market growing by 4% a year. Market size is £10 million now. What is the size after one year?

    • £14 million
    • £9.6 million
    • £10.04 million
    • £10.4 million

18. Which of the following is considered external market data?

    • Internal wage costs
    • Retained earnings
    • Net profit margin
    • Industry sales growth

19. A business uses a bar chart to compare sales of three products. Product A sells 900 units, B sells 1,200 and C sells 600. How many more units did B sell than C?

    • 900 units
    • 600 units
    • 1,800 units
    • 300 units

20. What advantage do quantitative data offer over qualitative data?

    • Easier trend analysis
    • Revealing employee motives
    • Explaining customer feelings
    • Describing brand opinions

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