IB Business 3.1-3.3

capital expenditure is:

fixed assets include: labor, raw materials, landscape, machinery, food, shelter, clothing, machinery, land buildings, vehicles, equipment, rent, wages, raw materials, insurance, fuel

Can fixed assets be used as collateral (financial security pledged for repayment of a loan)?

revenue expenditure is defined as

What does revenue expenditure consist of? Options: rent, wages, raw materials, insurance, fuel, machinery, land, buildings

What is the focus of revenue expenditure? Options: short term focus, long term focus, medium term focus

internal sources of finance: personal funds, sale of assets and retained profit, land, equipment, insurance, none of the above

What are a sole trader's personal savings? Options: personal funds, sale of assets, retained profit, none of the above

What is obsolete machinery or redundant buildings, land, and equipment classified as? Options: personal funds, retained profit, sale of assets, both a and c

profit that remains after a business has paid tax to the government and dividends to shareholder.