OCR Unit 5 Finance Quiz

OCR Unit 5 Finance Quiz

8th Grade

20 Qs

quiz-placeholder

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OCR Unit 5 Finance Quiz

OCR Unit 5 Finance Quiz

Assessment

Quiz

Business

8th Grade

Practice Problem

Hard

Created by

James Kent

Used 15+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Which of the following tasks is part of the role of the finance function?

Choosing which pricing method to use
Ordering raw materials from suppliers
Paying the wages and salaries of the employees
Providing cash flow information to management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Which of the following is the finance function of a business most likely to be concerned about?

The communication methods used by the business
The cost of running the business
The ethical profile of the business
The reputation of the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Short term finance is most likely to be used by a business when it:

has plenty of money in its bank account
is looking for a new partner
needs money to continue trading
wants to build a new factory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. One advantage to a company of using a bank loan to fund its expansion is that:

business costs will fall
cash flow monitoring will not be required
interest is added to the amount that is owed
the money can be paid back in instalments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. Which of the following is a long term source of finance for an established company?

A share issue
An overdraft
Sale of assets
Trade credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. A business will make a loss if:

its fixed costs are greater than its variable costs
its revenue is greater than its total costs
its total costs are greater than its revenue
its variable costs are greater than its fixed costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Which of the following is a consequence to a business of an increase in its monthly rent?

Break-even quantity increases
Profit increases
Total revenue falls
Variable costs rise

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