Business A-Level
Sources of error
What Sources of error means in Business A-Level, as defined for AQA.
Definition of Sources of error
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Reference: AQA
Reasons a projection goes wrong, such as a small or biased sample, out of date data, correlation mistaken for causation, or a horizon long enough for the market to change.
Topics that use Sources of error
- Strategic decision making (A-level only) (AQA A-Level)
Related terms
- Automation and the cost structure
- Corporate social responsibility
- Extrapolation
- functional objectives
- gearing
- Investment appraisal of new technology
- opportunity cost
- Resistance and its cost to the business
Using Sources of error in the exam
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