Other questions in this quiz

2. What is expenditure

  • Sales of goods
  • Money the business pays out.
  • Money that comes into the business

3. What is the formula for revenue

  • Number if sales / Price per unit
  • Number if sales x Price per unit
  • Number if sales - Price per unit
  • Number if sales + Price per unit

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 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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