What is the definition of a fixed cost?

• Price never changes

• Regularly occurring payments

• A constant cost to a business

• Money left over after outgoings

When the bank of England creates new money to spend in the economy, what is this called?

• Interest Rates

• Government Bonds

• Quantitative Easing

• Inflation

Revenue =

• selling price - quantity sold

• selling price + quantity sold

• selling price x quantity sold

• selling price / quantity sold

Market capitalisation =

• Number of shares divided by share price

• Number of shares minus the share price

• Number of shares multiplied by share price

The formula for price elasticity of demand (PED) =

• % change in price divided by

  % change in quantity demanded

• % change in price multiplied by

  % change in quantity demanded

• % change in quantity demanded

  divided by % change in price

• % change in quantity demanded

  multiplied by % change in price

Long term loans are :

• current liabilities

• non-current liabilities

• non-current assets

• current assets

Capital employed =

• total equity + non-current liabilities

• total equity - non-current liabilities

• total equity x non-current liabilities

• total equity /

  non-current liabilities

Current ratio =

• current assets x current liabilities

• current assets + current liabilities

• current assets / current liabilities

• current assets - current liabilities

The gearing ratio assesses

• how much of the capital is from loans

• how quickly credit customers pay up

• how quickly suppliers are paid

• profitabilitiy

What does the Receivable Days ratio assess ?

• How long it takes the business to pay suppliers

• How long it takes the business to pay customers

• How long it takes the customers to pay the business

• How quickly stock is delivered to the business