OCR Applied Business

Get Revising

Created by: islamkhan97
Created on: 06-02-14 20:36

How do you calculate break even?

Fixed Costs ÷ (Selling Price - Variable Costs)

1 of 5

What are the different types of business ownerships?

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

2 of 5

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

3 of 5

What are the different sources of finance?

Retained profit, debentures, sales of assets, loans, venture capital, overdraft, trade credit.

4 of 5

What is a cash flow forecast used for?

Business performance, estimated inflows and outflows,

5 of 5

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

Card 4

Front

What are the different sources of finance?

Back

Card 5

Front

What is a cash flow forecast used for?

Get Revising

OCR Applied Business