BTEC : C3 exam prep

Which of the following is not a payment method for a customer?

• Cash

• Exchange rate

• Direct debit

• Credit card

Why is a credit note used?

• To list orders and payments made

• To confirm a customer has paid a bill

• To identify goods ordered from a supplier

• To correct an error on a customer account

What is a purchase order used for?

• To list orders and payments made

• To identify goods ordered from a supplier

• To confirm a customer has paid a bill

• To correct an error on a customer account

What is a receipt used for?

• To list orders and payments made

• To correct an error on a customer account

• To confirm customer has paid a bill

• To identify goods ordered from a supplier

What is a statement of account used for?

• To list orders and payments made

• To correct an error on a customer account

• To confirm customer has paid a bill

• To identify goods ordered from a supplier

One benefit of B2C marketing is =

• charge a lower unit price because it is selling direct to the consumer

• charge a higher unit price because it is selling direct to the consumer

• sell to a smaller target market

• there is no need to use above the line promotion

One thing to consider when dealing with cash =

• make sure that the interest rate is low.

• making sure that monthly direct debits are managed and tracked

• ensuring the enterprise has internet access so that the card machine is operating

• safe storage because holding cash makes the enterprise more attractive to thieves

Net current assets =

• Current assets + Fixed assets - Current liabilities

• Current assets - Current liabilities

• Fixed assets - Non current liabilities

• Current assets + Fixed assets

Current ratio =

• Fixed assets - Cost of sales

• Current assets - Current liabilities

• Current assets / Current liabilities

• Current assets + Current liabilities

Liquid capital ratio =

• (Current assets - Current liabilities) / Inventories

• (Current assets + Inventories) / Current liabilities

• (Current assets x Inventories) / Current liabilities

• (Current assets - Inventories) / Current liabilities