R068 Finance Terms and Formulae
Authored by Ollie Woods
Business
9th - 11th Grade
Used 42+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that the business has to pay for.
Costs
Profit
Revenue
Loss
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Another word for the goods produced by the company, used when deciding what type of cost something is.
Input
Output
3.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
(a) costs are not affected by the company's output.
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) costs change depending on the company's output.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Tick all of the fixed costs.
Salaries
Materials
Insurance
Rent
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Tick all of the variable costs.
Packaging
Machinery
Shipping/postage
Mortgage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formula to calculate total variable costs is...
Cost of one unit + quantity produced
Cost of one unit - quantity produced
Cost of one unit x quantity produced
Cost of one unit / quantity produced
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