Other questions in this quiz

2. What is a definition of leadership

  • the process of influencing others to work willing towards an organisation's goals
  • being able to manage a team successfully to complete a task
  • being able to manage employees effectively

3. Which one of these is a non profit motive for becoming an entrepreneur

  • getting respect
  • Being self satisfied
  • making profit

4. the formula for contribution per unit

  • Fixed Costs ÷ (selling price per unit- variable cost per unit)
  • selling price per unit- variable cost per unit
  • Variable cost x fixed costs + profit

5. What is the formula for revenue

  • price x quantity sold
  • cost of sales x price
  • profit- sales
  • profit x fixed cost

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