Other questions in this quiz

2. What is the formula for profit

  • Revenue-Expenditure
  • Revenue+Expenditure
  • Expenditure - Revenue

3. What is the purpose of budgeting

  • The purpose of budgeting is to keep expenditure to planned limit
  • The purpose of budgeting is to keep Revenue to planned limit
  • The purpose of budgeting is to keep revenue and expenditure to planned limit

4. What is an example of revenue

  • Rent or Interest
  • Staff wages
  • Advertising for shop

5. What is variable costs

  • Costs that change depending on the number of products made or sold.
  • Costs that stay the same no matter how much products the business makes or sells.

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