Business, commercial and financial awareness.

A customer owes your company money. What is the term for that customer?

• Director

• Creditor

• Shareholder

• Debtor

Your company keeps some money back from its turnover to save for futire use. What is this called?

• Profit

• Capitol

• Dividend

• Revenue

A customer lives two miles from your company headquarters, what type of customer are they?

• Local

• National

• Distant

• International

The acronym TIMWOOD is used to describe ways of avoiding what?

• Staff Costs

• Debt

• Tax

• Waste

In the acronym TIMWOOD, the W stands for what?

• Wanting

• Waiting

• Worst

• Waste

R&D stands for?

• Research and development

• Research and design

• Realisation and design

• Realisation and development

BMW make automobiles. Which of these companies is a main competitor in the automobile market?

• Boeing

• Audi

• Airbus

• Lego

Which of these is a definition of 'demand' from the phrase 'supply and demand'?

• How much of a product is wanted

• How much a product is wasted

• How much a product is available

• How much a product costs to make

A legal term for someone mentioned in a contract is a

• Consignee

• Party

• Trader

• Trainer

A company is seeking a new supplier of drive belts. They could put this out for what?

• Total option

• Testing

• Trade

• Tender