Other questions in this quiz

2. What is the formula for finding total costs

  • Variable - Fixed cost
  • Fixed cost + Variable
  • Fixed cost - Variable

3. What is a cashflow

  • Cash flow is the money flowing in of the business on a daily basis
  • Cash flow is the money flowing in and out of the business on a daily basis
  • Cash flow is the money flowing out of the business on a daily basis

4. Define the term breakeven

  • Breakeven is when revenue and profit costs are the same
  • Breakeven is when revenue and expenditure costs are the same
  • Breakeven is when revenue and expenditure costs are the different
  • Breakeven is when total and expenditure costs are the different

5. What is the purpose of budgeting

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

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