13.3 Business, Commercial, and Financial Awareness

Front

Which of the following is NOT a financial statement? Balance Sheet, Income Statement, Cash Flow Statement, Marketing Plan

Back

Marketing Plan

Front

What does Unit 13.3 NOT focus on? Options: Business practices, Economic Concepts, Historical Events, Financial Concepts

Back

Historical Events

Front

Recording financial transactions is important for maintaining ____.

Back

financial health

Front

The concept of financial responsibility includes ____.

Back

managing money wisely

Front

What is the role of the owner when other stakeholders are involved in the business?

Back

To ensure the company is successful and stable

Front

As soon as there are other stakeholders involved, the owner has some ______ responsibility.

Back

Financial

Front

Enforcing financial responsibility in the UK is largely left to whom?

Back

The owner or manager

Front

Loans can be taken out to ______. Options: Expand a business, Buy a car, Travel abroad, Purchase a house.

Back

Expand a business

Front

After the first year, Euan will owe £9,000 × 1.18 = ____.

Back

£10,620

Front

What are indirect costs?

Back

Costs generated by multiple activities