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WorksheetsBTEC business 29/4 unit 3 finance recap
Total questions: 15
Worksheet time: 8mins
Which is a variable cost : ?
rent
raw materials
insurance premiums
office salaries
Which is a fixed cost ? :
packaging
labour wages
delivery fuel
BT phone line rental
Which is a long-term source of finance ?
bank overdraft
mortgage
retained profit
sale of assets
Which involves giving up some ownership control ?
bank loan
overdraft
trade credit for stock
venture capital
Insurance =
capital expenditure
revenue expenditure
Building a factory =
capital expenditure
revenue expenditure
Which source of finance allows a firm to own a vehicle ?
hire purchase
leasing
Peer to peer lending =
One Lord lending to another Lord
One seaside town lending to another seaside town
A business owner lending to another business owner
A bank loan
Rent received =
Revenue income
Capital income
Interest received (on the business bank account positive balance) =
Capital income
Revenue income
A debenture holder receives :
a fixed rate of interest
a variable rate of interest
A small, local savings and loans organisation =
credit card
credit onion
credit union
credit balance
Premium Bonds :
can win a prize
are available from banks
are part of the National Lottery
unsafe
Margin of safety =
breakeven - output
output-breakeven
output x breakeven
Output + breakeven
Stock (inventory) is a
non-current assets
current asset
