Level 2 Business Unit 2 Part A
Authored by Andrew Gerrard
Business
11th Grade
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1: Identify one way a business makes money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3: Jasmine has a sweet shop. Her total costs for last year were £87,927 Her total revenue for last year was £134,259 Calculate the profit that Jasmine’s sweet shop made.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
5: Alex owns a van that he uses to deliver sandwiches to customers. In which section of his “statement of financial position” (balance sheet) should Alex’s van be shown?
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
7: Identify one internal source of finance.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
11) Simone sold 430 scarves on her stall last month. Calculate Simon’s margin of safety
6.
OPEN ENDED QUESTION
3 mins • 1 pt
State the meaning of the term “loss”
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7.
OPEN ENDED QUESTION
5 mins • 4 pts
Explain two benefits to a business of preparing a cash flow forecast
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OFF
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