BTEC ENT - Quiz

What form of research is conducted directly by an enterprise?

• Secondary research

• Primary research

• Qualitative research

• Desk research

What tax does a limited company pay based on their profits?

• Stamp Duty

• Pay As You Earn (PAYE)

• Inheritance tax

• Corporation tax

Which of the following is not an ownership type?

• Sole trader

• Partnership

• Human Resource

• Limited company

• Public Limited Company

Which type of research looks into a persons thoughts, feelings and ideas?

• Emotional research

• Value added research

• Qualitative

• Quantitative

What is the formula for total costs?

• Revenue + fixed costs

• Fixed costs + variable costs

• Revenue + fixed costs + variable costs

• Fixed costs - Revenue

What is the formula for total revenue?

• Profit - total costs

• Revenue + total costs

• Price per unit x amount of units sold

• Price per unit x variable costs - fixed costs

What is a trade debtor?

• Somebody your enterprise owes money to

• It is a form of secondary research.

• It is a form of primary research

• Somebody who owes your business money

What is a trade creditor?

• Somebody your business owes money to

• Somebody who owes money to your business

• It is a fixed asset

• It a type of secondary research

Money received by the business from its operations or investments is also known as what?

• Expenditure

• Cash outflow

• Cash inflow

• Cash flow forecast

Money paid out by the business to fund its operations or investment activities is also known as what?

• Cash inflow

• Cash outflow

• Revenue

• Turnover