WorksheetsBTEC : C3 exam prep
Total questions: 22
Worksheet time: 11mins
Which of the following is not a payment method for a customer?
Cash
Exchange rate
Direct debit
Credit card
Why is a credit note used?
To list orders and payments made
To confirm a customer has paid a bill
To identify goods ordered from a supplier
To correct an error on a customer account
What is a purchase order used for?
To list orders and payments made
To identify goods ordered from a supplier
To confirm a customer has paid a bill
To correct an error on a customer account
What is a receipt used for?
To list orders and payments made
To correct an error on a customer account
To confirm customer has paid a bill
To identify goods ordered from a supplier
What is a statement of account used for?
To list orders and payments made
To correct an error on a customer account
To confirm customer has paid a bill
To identify goods ordered from a supplier
One benefit of B2C marketing is =
charge a lower unit price because it is selling direct to the consumer
charge a higher unit price because it is selling direct to the consumer
sell to a smaller target market
there is no need to use above the line promotion
One thing to consider when dealing with cash =
make sure that the interest rate is low.
making sure that monthly direct debits are managed and tracked
ensuring the enterprise has internet access so that the card machine is operating
safe storage because holding cash makes the enterprise more attractive to thieves
Net current assets =
Current assets + Fixed assets - Current liabilities
Current assets - Current liabilities
Fixed assets - Non current liabilities
Current assets + Fixed assets
Current ratio =
Fixed assets - Cost of sales
Current assets - Current liabilities
Current assets / Current liabilities
Current assets + Current liabilities
Liquid capital ratio =
(Current assets - Current liabilities) / Inventories
(Current assets + Inventories) / Current liabilities
(Current assets x Inventories) / Current liabilities
(Current assets - Inventories) / Current liabilities
Potential cause of the predicted net profit being negative =
Expenses are lower than expected
Sales revenue is too high
Cost of sales could be too low
Cost of sales could be too high
ONE action an enterprise could take to overcome the cause of the predicted net profit being negative =
Increase cost of sales
Decrease selling price per unit
Attract fewer customers
Increase selling price per unit
An advantage of using a bank loan is that it allows the enterprise _____
to charge higher prices to their customers
to incur interest charges
to start generating revenue immediately
to achieve above the line promotion
Which line is not shown on a break even chart?
Fixed costs
Start up costs
Total costs
Total revenue
What does the straight, flat/horizontal line on a break even chart represent?
Net profit
Total revenue
Total costs
Fixed costs
A limitation is that break-even analysis assumes the ____
who is running the enterprise
gross profit that will be generated
net profit that will generated
external environment is stable
Which one of the following is a cash outflow?
Capital from investors
Sales revenue
Staff wages
Property rental income
Net cash flow =
Cash inflows - Cash outflows
Cash inflows + Cash outflows
Opening balance - Net cash flow
Cash inflows / Cash outflows
The closing balance on a cash flow forecast becomes the ____
Net cash flow in the next month
Opening balance in the next month
Cash inflow in the next month
Cash outflow in the next month
One solutions that an enterprise could use to improve cash flow =
Use more expensive suppliers
Charge a lower selling price unit
Increase cost of sales
Find cheaper suppliers
____ can help build a relationship with potential customers
Holistic selling
Indirect selling
Ambient advertising
Direct selling
An advantage of print advertising is that it ____
can be targeted to a specific area
is easily ignored
it is free to produce and distribute
the enterprise has minimal control over how the advertising message is presented
