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WorksheetsA2 Business - Finance review
Total questions: 10
Worksheet time: 4mins
Name
Class
Date
1.
What is asset?
a)
An item of property owned by a person or company
b)
An item owned by a business that lasts for several years.
2.
What is NOT a source of Internal finance?
a)
Retained profit
b)
Sale of existing assets
c)
Issue of shares
d)
All are sources of Internal finance
3.
They are considered owners of the business and have voting rights, entitled to dividends which depend on their share and earnings of the corporation. They are called _________.
a)
stockholder
b)
stakeholder
c)
employees
d)
investors
4.
A card that borrows money but it has to be paid back
a)
Debit Card
b)
Credit Card
c)
Baseball Card
d)
Pokemon Card
5.
How do we calculate total costs?
a)
Fixed Costs - Variable Costs
b)
Total Revenue - Fixed Costs
c)
Variable Costs x Total Revenue
d)
Fixed Costs + Variable Costs
6.
What happens at Break Even Point?
a)
Company makes neither profit nor loss
b)
Company makes profit
c)
Company makes loss
d)
Company goes bankrupt
7.
Gross Profit - ??? = Net Profit
a)
Expenses
b)
Sales
c)
Cost of Sales
d)
Money Out
8.
Revenue is ...
a)
Money made from selling products
b)
Money paid to suppliers for materials
c)
Expenses x Units produced
d)
Monthly rent payments to landlord
9.
Fixed costs _______ vary with production. (fill in the blank)
a)
Do
b)
May
c)
Sometimes
d)
Do not
10.
Which source of finance is internal?
a)
Government Grant
b)
Retained Profits
c)
Bank Loan
d)
Overdraft
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