Business Year 11 TRIAL REVISION TEST

Which of the following is an example of a cash in-flow for a business?

• payment to suppliers
• paying back a loan to a bank
• payment from debtors
• purchase of fixed assets

Which of the following is an example of a cash out-flow for a business?

• payments to creditors
• sale of goods
• payment from debtors
• receiving a loan from the bank

A firm produces 500 units at a total cost of $2,000. What is their average total cost of production?

• $4 per unit

• $5 per unit

• $3 per unit

• $2 per unit

What is multinational corporations ?

• a company that is primarily based in more than one country

• a company that is primarily based in one country

• a company that is primarily based in some countries

What is limited liability?

• Being liable for all debts and losses

• Not being liable for all debts and losses

Nike, Google and Apple are examples of.....

• Sole Proprietorships
• Partnerships
• Corporations
• Franchises

Franchiser owns the brand

• True

• False

Which of the following is an example of external communication?

• Sending a customer information about a special offer

• A departmental staff meeting

• A training session for a new recruit

• A presentation by the chairman to the senior management team

__________ sending and receiving the messages

• Communication

• Speaking

• Written

Which of the following is the most appropriate method of communication for requesting an urgent delivery of components?

• Business report

• Telephone call

• Email

• Letter