
IB Business 3.1-3.3
Flashcard
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Other
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11th Grade - University
•
Practice Problem
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Hard
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1.
FLASHCARD QUESTION
Front
capital expenditure is:
Back
money spent to acquire item in a business that will last for more than a year
2.
FLASHCARD QUESTION
Front
fixed assets include: labor, raw materials, landscape, machinery, food, shelter, clothing, machinery, land buildings, vehicles, equipment, rent, wages, raw materials, insurance, fuel
Back
machinery, land buildings, vehicles, equipment
3.
FLASHCARD QUESTION
Front
Can fixed assets be used as collateral (financial security pledged for repayment of a loan)?
Back
True
4.
FLASHCARD QUESTION
Front
revenue expenditure is defined as
Back
money spent on the day to day running of a business
5.
FLASHCARD QUESTION
Front
What does revenue expenditure consist of? Options: rent, wages, raw materials, insurance, fuel, machinery, land, buildings
Back
rent, wages, raw materials, insurance, fuel
6.
FLASHCARD QUESTION
Front
What is the focus of revenue expenditure? Options: short term focus, long term focus, medium term focus
Back
short term focus
7.
FLASHCARD QUESTION
Front
internal sources of finance: personal funds, sale of assets and retained profit, land, equipment, insurance, none of the above
Back
personal funds, sale of assets and retained profit
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