Understanding Expenditure Types Quiz

Understanding Expenditure Types Quiz

Vocational training

20 Qs

quiz-placeholder

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Understanding Expenditure Types Quiz

Understanding Expenditure Types Quiz

Assessment

Quiz

Business

Vocational training

Practice Problem

Medium

Created by

Saidi Adelekan

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a fixed expense that must be paid every month?

Raw materials

Monthly office rent

Electricity bill

Wages for temporary staff

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes variable expenditure?

Costs that stay the same no matter the output

Costs that change with output

One-off payments for equipment

Annual insurance premiums

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a capital expenditure?

Purchase of a delivery van

Monthly internet bill

Office stationery

Staff salaries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes revenue expenditure?

Money spent on long-term assets

Money spent on daily business operations

Money invested in shares

Money from sales

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a fixed expense?

Business rates

Loan repayments

Cost of raw materials

Annual insurance premium

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying a new computer for an office is an example of:

Revenue expenditure

Variable expenditure

Capital expenditure

Fixed expenditure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a revenue expenditure?

Buying a new oven

Paying for flour and sugar

Purchasing the building

Buying delivery vehicles

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