
Breakeven Quiz
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Vicki Wright
Used 1+ times
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38 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name 2 internal sources of finance.
Bank loans and government grants
Personal savings and retained profits
Sale of assets and trade credit
Overdrafts and venture capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name 2 external sources of finance.
Personal savings and retained profits
Sale of assets and trade credit
Bank loans and government grants
Overdrafts and venture capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is retained profit?
Money borrowed from a bank
Profit reinvested back into the company
Income received from selling company shares
Funds raised through selling company assets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which source of finance is most suitable if a business wants to buy a new van?
Issuing new shares
Retained profits
Bank overdraft
Trade credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does break-even mean in a business context?
When a company's income is less than its expenditure
When a company's income is greater than its expenditure
When a company's income is exactly equal to its expenditure, showing neither profit nor loss
When a company has stopped operating
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must happen for a company to make a profit?
Income must be equal to expenditure
Income must be less than expenditure
Income must be higher than expenditure
The company must break even
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company breaks even, what are its profit and loss?
Profit > 0 & loss > 0
Profit = 0 & loss = 0
Profit < 0 & loss < 0
Profit = 0 & loss > 0
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