OCR Applied Business

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How do you calculate break even?
Fixed Costs ÷ (Selling Price - Variable Costs)
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What are the different types of business ownerships?
Sole Traders, Partnerships, Private Limited Company, Public Limited Company
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What is limited and unlimited liability?
Unlimited liability; A legal obligation on the owners of the business to pay all debts of the business. Even their personal possessions may be claimed. limited liability; Shareholders are only responsible for the company’s debts up to the value of th
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What are the different sources of finance?
Retained profit, debentures, sales of assets, loans, venture capital, overdraft, trade credit.
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What is a cash flow forecast used for?
Business performance, estimated inflows and outflows,
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Other cards in this set

Card 2

Front

What are the different types of business ownerships?

Back

Sole Traders, Partnerships, Private Limited Company, Public Limited Company

Card 3

Front

What is limited and unlimited liability?

Back

Preview of the front of card 3

Card 4

Front

What are the different sources of finance?

Back

Preview of the front of card 4

Card 5

Front

What is a cash flow forecast used for?

Back

Preview of the front of card 5

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