Business Studies- 3.3 Effective Fiancial management

Cash inflow is

• Revenue

• Delaying payments of invoices

Cash outflow is

• Revenue

• Paying for materials

In January Morrisons have Christmas stock left in their warehouse. The method of removing the stock is known as..

• De-Stocking

• Sales

• Trade credit

• De-Buying

What is "Trade Credit"

• A method of receiving goods before paying the bill

• A method of paying for goods when you receive them

• A method of easing cash flow

What is the equation for working out a businesses profit?

• Profit= Revenue- Cost

• Profit= Revenue / Cost

• Profit= Revenue * Cost

A business reduces the number of staff it employs. What is this known as..

• Reducing costs

• Reviewing cash forecasts

• Innovating

• Improving cash flow

Break even is when

• the level of output matches the level of input

• the level of output is double the level of input

• the level of input is double the level of output

• the time when revenues are profits

Total costs=

• Fixed + Variable costs

• Fixed - Variable costs

• Fixed * Variable costs

• Fixed / Variable costs

Retained profit & Assets sales are examples of

• Internal sources of finance

• External sources of finance

• Trade Credit

• Finance

Share Capital & Loans are an example of..

• Internal sources of finance

• External sources of finance

• Trade Credit

• Finance