BTEC Unit 2 Finance

Help with unit 2 exam in BTEC

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1. Which of the following best describes the margin of safety?

  • Revenue equals expenditure
  • Actual sales plus break even units
  • Revenue plus expenditure
  • Actual sales minus break even units
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2. Which of the following are an internal source of funds for a business?

  • Bank overdraft
  • Retained profit
  • Mortgage

3. Define Variable cost

  • A cost which stays the same every month
  • A cost which changes directly with output
  • A cost which the business pays to set up the business

4. The business sell books for £12 each. They cost £5 to make. The fixed costs are £735. Calulate the break even

  • 795 books
  • £795
  • 105 books
  • £105

5. Define start up cost

  • The costs incurred when setting up a business
  • A cost which stays the same every month
  • A cost which changes directly with output

Comments

emily_jade

It does not actually give you your score or answers!!

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