Identify one START-UP cost for a business, staff wages, office computer, electricity bills, vehicle maintenance, Which of the following is an example of a cash OUTFLOW?, Income from selling products, Earnings from property rentals, Interest received on bank savings, Rent paid for premises, Identify one example of an INTERNAL source of capital, Hire purchase, Retained profit, Bank loan, Government grant, Identify the formula used to calculate REVENUE, Number of items sold + price per unit, Number of items sold - price per unit, Number of items sold x price per unit, Number of items sold / price per unit, Identify one example of a DIRECT cost, Rental costs, Materials costs, Administration costs, Security costs, Identify one example of a VARIABLE cost for a sandwich shop, Paying rent, Till to record sales, Heating and lighting, Purchase of stock (inventory), Identify one example of a cash INFLOW, Stock purchases, Electricity payment, Salaries paid to employees, Interest earned on savings, Cleaning materials are what type of cost for a cleaning business?, Fixed cost, Direct cost, Indirect cost, Start-up cost, Identify a FIXED cost for a beauty salon, Purchase of makeup to sell in the shop, Laundry expenses, Sales of makeup, Rent paid for shop, Identify one source of REVENUE for a business, Rent payable, Purchase of materials, Rent received, Purchase of equipment, Identify one EXTERNAL source of finance for a business, Overdraft, Retained profit, Owner's personal funds, Sale of non-current assets, Select the correct formula for calculating TOTAL COSTS, Start up cost - fixed cost , Fixed cost + start up cost, Variable cost - fixed cost, Fixed cost + variable cost, Which one is an example of DIRECT costs for a bakery?, Cost of renting the bakery, Advertising the bread, Cost of flour to make the bread, Cost of electricity to heat the bakery, Identify one START-UP cost for a business, Salaries paid to the staff in the business, Insurance costs for the business, Purchase of new machinery, Payment of telephone bills, Identify one source of REVENUE, Sales of products to customers, Rent paid for shop premises, Money paid to suppliers, Purchase of new stock, What a business will do when costs are higher than revenue, Make a profit, Break-even, Make a loss, Become bankrupt, Identify one OVERHEAD for a sweet-making business, Wages paid to staff for making sweets, Electricity used to run the machinery, Raw materials for making sweets, Purchasing a new delivery van, Identify one way a business MAKES money, Paying back a loan, Selling products to customers, Spending money on a new factory, Buying materials to make products, Identify one example of EXPENDITURE, Taking out a bank loan, Receiving interest on savings, Selling goods to customers, Spending money on stock, Identify one example of a cash INFLOW, Buying promotional leaflets, Purchasing raw materials, Selling used machinery, Paying electricity bills, Identify what happens in a business when the income is HIGHER than expenditure, It does not achieve break-even, It makes a profit, It makes a loss, It has a negative net cash flow.

Finance multiple choice

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