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Last updated 6:55 AM on 6/4/26
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31 Terms

1
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outline
Give a brief account or summary, such as outlining two characteristics of a sole trader Level 1
2
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Describe
Effectively provide a detailed account or description of a specific focus Level 1
3
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List
Give a sequence of brief answers without the need for any explanations, such as listing two features of a social enterprise Level 1
4
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Identify
Provide an answer from a number of possibilities, presented in the stimulus material in the exam or contents of the syllabus Level 1
5
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Define
Give the precise meaning of a word, phrase, or concept Level 1
6
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State
Give a specific answer, such as a name, value, or other brief answer without the need for an explanation or calculation Level 1
7
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Explain
To provide a detailed account of something, including reasons or causes where appropriate Level 2
8
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Suggest
Propose a solution, hypothesis, or other possible answer to a question, proposal, or issue Level 2
9
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Analyze
Break down in order to bring out the essential elements or structure, such as analysing the opportunities of a firm's growth strategy Level 2
10
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Distinguish
To make clear differences between two or more terms, concepts, or items Level 2
11
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Demonstrate
Make something clear by showing reasoning or evidence, illustrating this with examples or practical application Level 2
12
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Comment
Give a judgment based on a given statement or result of a calculation Level 2
13
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Apply
Use an idea, equation, principle, theory or law in relation to a given problem or issue Level 2
14
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To what extent
Consider the merits or limits of an argument, proposal, view, or concept, with suitable evidence and substantiated comments Level 3
15
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Recommend
Present an advisable course of action with appropriate supporting evidence / justified reasoning to a given situation, problem, or issue Level 3
16
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Justify
Give valid reasons or evidence to support an answer or conclusion, with a fully justified and substantiated answer Level 3
17
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Examine
Consider an argument, issue, or concept in a way that uncovers the assumptions and interrelationships of the issue Level 3
18
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Evaluate
To make an appraisal by weighing up the strengths and limitations of something Level 3
19
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Discuss
Offer a considered and balanced review, which includes a range of arguments, factors, or hypotheses Level 3
20
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Contrast
Give an account of the differences between two (or more) items or situations, referring to both (all) of them throughout. Level 3
21
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Compare
Give an account of the similarities between two (or more) items or situations, referring to both (all) of them throughout. Level 3
22
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Compare and Contrast
Give an account of similarities and differences between two (or more) items or situations, referring to both (all) of them throughout. Level 3
23
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Prepare
Put given data or information from the stimulus or source material into a suitable format, such as preparing a profit and loss account Level 4
24
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Plot
Mark the position of particular points on a diagram, such as to plot the position of a given brand or product in a product position map Level 4
25
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Label
Add texts or labels to a diagram, such as labelling the margin of safety in a break-even chart Level 4
26
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Draw
Represent by means of a labelled, accurate diagram or graph, such as a break-even chart Level 4
27
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Determine
Obtaining the only possible answer in a question, such as determining the level of profit, payback period, or margin of safety Level 4
28
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Construct
Display information in a diagrammatic or logical form, such as using data in the exam to construct an income statement Level 4
29
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Complete
Add missing information or data in a table or chart, such as completing missing information in a balance sheet or cash flow forecast Level 4
30
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Calculate
Obtain a numerical answer, and show the relevant stages in the working out, such as calculating financial ratios Level 4
31
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Annotate
Add brief notes to a diagram, chart, or graph, such as a product life cycle diagram or a break-even chart Level 4