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6. What is an example of revenue

  • Rent or Interest
  • Staff wages
  • Advertising for shop

7. Define the term breakeven

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

8. 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

9. 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.

10. What is the formula for profit

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

11. What is revenue

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

12. 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