Other questions in this quiz

2. Define the term breakeven

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

3. What does the term budgetary control mean

  • Budgetary control means checking the performance makes sure that targets are met and are within the budget.
  • Too set a budget

4. 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

5. What is revenue

  • money a business receives
  • Money that goes out of the business

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