Hinge Questions.

Slides:



Advertisements
Similar presentations
Accounting and finance
Advertisements

This lesson will be about... BREAKEVEN TEST & REVIEW What is Sales Revenue?
GOALS BUSINESS MATH© Thomson/South-WesternLesson 11.2Slide Break-Even Point Calculate the break-even point for a product in units Calculate the break-even.
CHAPTER 5 SUPPLY.
Break Even Lesson 3. Lesson Objectives £To construct break-even charts ££To evaluate how changes impact the break-even chart £££To analyse the strengths.
LESSON 6.
GRADE BOUNDARIES DISTINCTION * = 90% + DISTINCTION = 80 – 89% MERIT = 70 – 79% PASS = 60 – 69% FAIL = BELOW 60% Exam Results.
Break Even Analysis AS Business Studies.
When total revenue equals total costs
WF Sports & Entertainment Marketing II 3.03B
Unit 5 Operations Management
FIXED VS. VARIABLE COSTS. To know the types of costs businesses incur and how they deal with them. Why products are priced the way they are from the business’s.
5.3 Break-Even Analysis Chapter 32.
T OPIC B.1 U NDERSTAND THE PLANNING TOOLS BUSINESSES USE TO PREDICT WHEN THEY WILL START TO MAKE A PROFIT Ani spends £1000 on hiring a hall and disco.
Chapter Five Supply  Section One What is Supply?  Section Two The Theory of Production  Section Three Cost, Revenue, and Profit Maximization.
Start up money Capital“money invested by the owners” - it can be a substantial amount - limited to personal wealth (Sole trader/partner) - LTD/PLC can.
Day 3: Rubrics as an Assessment Tool. "There are only two good reasons to ask questions in class: to cause thinking and to provide information for the.
3.3 Break-even Analysis.
5.3 Break-Even Analysis Chapter 32.
Cost Behavior Analysis
On Target Group Coaching
Supply.  The concept of supply is based on voluntary decisions made by producers.  Supply; the amount of a product that would be offered for sale.
IGCSE Economics 4.2 Costs of Production.
Breakeven analysis. Key terms (1) Before we start studying breakeven it is essential that you understand some key terms: Breakeven is the point at which.
4.2.3 Explain, Interpret and Use a Break-Even Chart
Unit 3 Financial Forecasting in Business P4 P5 M2 D1 Break Even
DEVELOPING A BUSINESS PLAN:
Contribution and Break-even Analysis A2 Accounting.
BREAK EVEN ANALYSIS 2 Importance of Planning and Control w Businesses must cover costs or they will make a loss w Some new businesses will aim to only.
Business Opportunity Lunchtime pitch for a sandwich stall
Break-even L:\BUSINESS\GCE\Unit 2\Break even point.xls.
BREAK-EVEN The break-even point of a new product is the level of production and sales at which costs and revenues are exactly equal. It is the point at.
Lesson Objectives: By the end of this lesson you will be able to: *Explain how firms decide how much labor to hire in order to produce a certain level.
Business Finance Costs Break-Even Analysis. Revenue and Costs “Revenue” is income earned by a firm when they sell either the goods it makes or the services.
LESSON 4. Brain Teaser! How many business terms can you find in the word: ‘Contribution’ = 5mins.
Starter. DRAWING BREAK-EVEN CHARTS Part 8 Lesson Objective To be able to draw a break-even chart. To be able to interpret a Break-even chart.
TOPIC:Topic 5: Operations Management LESSON TITLE:Break-even Analysis COMPETENCY FOCUS: Key Skills (L5): you will be able to develop your numeracy skills.
BREAKEVEN - WHAT IS IT? DEFINITION: When a business is breaking even it is just earning enough sales revenue to pay for all of its total costs No profit.
223 Break-Even AS Edexcel New Specification 2015 Business
3.3 Break-even analysis Check your portfolios at Howthemarketworks.com.
Topic 3: Finance and Accounts
Chapter 5, Section 3 Cost, Revenue, and Profit Maximization.
Break-Even Analysis. Useful for: Estimating the future level of output they need to produce in order to break-even Assess the impact of planned price.
AS Business Break Even Analysis “The level of output at which Total Costs = Total Revenue Neither a profit or a loss is made”
BUSS 1 Financial planning: using break- even analysis to make decisions.
Craig Dudden Contribution Learning Objective To be able to calculate the different forms of contribution. (E) To be able to describe the relationship between.
BREAK-EVEN ANALYSIS LEARNING OBJECTIVES 1.To understand and calculate the contribution 2.To check understanding and calculation using the breakeven formula.
Break-Even Very important concept for the exam For some of you it will be building on prior knowledge.
Learning Objectives To develop your understanding of Break-even analysis To develop your understanding of Break-even analysis To be able to identify the.
BREAK-EVEN (BE) Unit 2 Business Development Finance GCSE Business Studies.
Management AccountIng
What is training an appraisal?
APPLIED GCSE BUSINESS STUDIES
Lesson Objectives All students will understand Most students will
Lesson 15-2 Determining Breakeven
Learning intention Understand the concept of Break-even and the assumptions on which it is based.
Cost-Volume-Profit Analysis
[ 3.5 ] Costs of Production.
GCSE Business Studies Unit 2 Developing a Business
Easyvote Voting ID : Falli01 easyvote.co.uk/vote.
AQA GCSE BUSINESS STUDIES
Breakeven.
Breakeven and Breakeven Charts
3.3.2 Break-even charts and break-even analysis
Starter Activity Complete the worksheet provided by your teacher!
Starter Activity Complete the worksheet provided by your teacher!
Starter - Recap Lesson Objectives:
Break-even.
IGCSE Business Studies
Presentation transcript:

Hinge Questions

Objectives To understand the theory behind hinge questions. To understand how hinge question improve teaching and learning in Business Studies.

HINGE QUESTIONS A Hinge question is based on the concept that it is critical for pupils to understand key topics before moving on

The idea behind Hinge Questions As the teacher you become more aware of the progress of individual pupils. Tasks are targeted accurately to their level of understanding As you teach, the students level becomes more apparent and then you can tailor the lesson to their needs Ultimately each student should therefore be challenged because they are given appropriately pitched tasks.

Timing of hinge questions The question should fall about midway during the lesson. Every student must respond to the question within two minutes. You must be able to collect and interpret the responses from all students in 30 seconds

Answering Hinge Questions There are numerous ways to gather responses to your hinge questions White boards ABCD cards Paper Scissor Stone Fingers

In Business Studies Using 6 key topic areas: Ownership (Liability) Production (Mass, batch, flow) Finance (Breakeven) External Factors (SWOT/PEST) Recruitment & selection (R&S process) Marketing (The 4 P’s)

Objectives Be able to identify the Breakeven point on a graph To describe the Breakeven point To understand the reason for calculating the breakeven point

Assuming last lessons learning (fixed & variable costs) can be used as the foundations to this lesson The BREAKEVEN point

Business Costs RENT RAW MATERIALS A - Variable cost, these increase as the firms output increases B - Fixed cost, these don’t vary with output

Consolidating last lessons learning WAGES –£ 6 per hour £18,000 a year SALARY INSURANCE – for the building and staff PACKAGING FIX OR VARIABLE ? FIX OR VARIABLE ? INTEREST payments on loans/mortgages TRANSPORTING the products

CLUE - The Cake business is not making a PROFIT or a LOSS Circle the point at which you believe the business has broken EVEN. CLUE - The Cake business is not making a PROFIT or a LOSS

B C A Q. 1 - Either A,B or C is the breakeven point. Two costs are even at the breakeven point. Which circle indicates the breakeven point? Q. 2 – In the exam you need to be able to explain the breakeven point without the use of a diagram. The breakeven point is……………….. (use key terms)

Breakeven Definition – total costs are equal to total revenue SO WHY! As the manager of this cake factory why should I bother working out the breakeven point? Is it because: (Paper) – it shows me how much profit the business will make (Scissors) – it shows me the difference between fixed and variable costs (Stone) – it shows me the number crates I need to sell to cover my costs

BREAKEVEN EVEN TABLE STONE PAPER & SCISSORS Q. - What is the breakeven level of sales for this cake factory (figure & mark it on the graph) Q. – Using the breakeven table and the blank graph create a new breakeven graph   1 2 3 4 5 6 7 Fixed Costs 3000 Variable Costs 4000 5000 6000 7000 8000 9000 Total Costs 10000 11000 12000 Sales Revenue 2000 14000 BREAKEVEN EVEN TABLE STONE Q – Discuss why the manger of the cake business needs to work out the breakeven point of sales. Think about changing costs, changing price, changing production output, staffing levels Q (Extension) – Why might the cake factory manger be wary of the breakeven point as a performance analysis and decision making tool.

Questioning in English Where is the verb in this sentence? The dog ran across the road A B C D

Maths What can you say about the means of the following two data sets? The two sets have the same mean. The two sets have different means. It depends on whether you choose to count the zero. Q4-67-02 Key: B (Mis)conception – added a zero to data set does not impact the mean – A and C variations of each other

Science How could you increase the temperature of boiling water? Add more heat. Add more water. You can’t increase the temperature of boiling water. Add Salt

MFL - French I will go in French A – J’allerai B – J’irai C – J’ai allé D – Je vais aller

Questioning in history: discussion In which year did World War II begin? 1919 1938 1939 1940 1941

Maths Which of the shapes below contains a dotted line that is also a diagonal? Q4-52-03 Key: B, C, D, E (Mis)conception – any line at 45 degree to horizontal. What is missed is also important – C and E could not be diagonals because of what is NOT selected MORE THAN ONE CORRECT ANSWER – not standard number of answer choices Combination of responses is also important – (b) is different from (c) and (d) and (e)

Hinge Questions More Examples are available Go to the tool kit in the Afl folder - shared area.