Unit 3: Personal & Business Finance Outcome E

Unit 3: Personal & Business Finance Outcome E

12th Grade

15 Qs

quiz-placeholder

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Unit 3: Personal & Business Finance Outcome E

Unit 3: Personal & Business Finance Outcome E

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

A H

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash flow forecasts investigate the future _______ and outflows of a business.

Cash sale

Credit sale

Credit purchase

Cash purchase

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The more outflows a business has the more financially healthy they are.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total cash available - total outflows =

Opening Balance

Closing Balance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do brackets on a cash flow forecast show?

Positive figure

Important information

Minus figure

Profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opening balance + total inflows = total cash available

True

False

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these is an advantage of cash flow forecasts?

Can form part of a business plan

Helps identify potential problems

takes time to create

Looks fancy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Break-even occurs when...

Total cash = total costs

Total revenue = fixed costs

Total revenue = variable cost per unit

Total revenue = total costs

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