1) what is variable costs?? a) costs that change depending on how many products you make. b) costs that stay the same regardless of how many products you make. c) fixed costs and seasonal costs added together. 2) what is the break even point ? a) the stage at which a profit is mad. b) the stage at which neither a profit nor a loss is made. c) the stage at which the business makes a loss. 3) Are cash budgets... a) a prediction of what will happen with inflows and outflows in the future. b) the amount given per month by the bank for the requested loan. c) the businesses petty cash. 4) what is not an advantage of a cash budget??? a) helps business' to not overspend. b) can identify times where they may be a shortage of cash. c) helps business' to increase sales d) can help regulate expenses. e) can show where business has more cash or lack of. 5) what are the uses of email for businesses... a) used to remind customers when their payments are due. b) able to send customers a link for games. c) could be used to deliver a presentation. 6) what is not a benefit for word processing?? a) more professional, standard layout. b) can be attached to email. c) could be used to create invoices. d) allows automatic calculation. 7) what should a business do if the price of inventory is too high. a) increase the businesses own costs. b) negotiate a discount. c) buy less stock. 8) what should the business not do if the expenses are too high?? a) re-locate. b) get a different provider. c) ask for a loan. 9) give an example of a fixed cost. a) factory waste b) gas c) rent 10) give an example for a variable cost. a) loan repayments b) welectricity c) canteen costs

finance

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