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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