Business Quiz

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  • Created by: matt3576
  • Created on: 10-01-15 01:42

1. 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
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2. 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

3. What is fixed costs

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

4. What is the formula for profit

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

5. 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

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