Costs and terminology
Authored by Conor Sutton
Business
9th - 10th Grade
Used 33+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit note used for?
To charge the consumer more.
To correct an error on a customer account
To show proof of a purchase.
To provide evidence of an 'entrepreneur's promise'.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If somebody owes money to your business, they are a _____
debtor.
creditor.
supplier.
stakeholder.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your enterprise owes money to somebody else, they are a ____
consumer.
shareholder.
trade debtor.
trade creditor.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate sales revenue?
Gross profit - Cost of sales
Cost per unit - Price per unit
Price per unit X Number of units sold
Fixed costs + Variable costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'B2C' market stand for?
Business to Consumer
Business to Captain
Business to Cost
Business to Calculation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'B2B' market stand for?
Business to Border
Business to Business
Business to Break Even
Business to Boardroom
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe debts that need to be paid off in the short term?
Trade debtors
Start up costs
Current assets
Current liabilities
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
