Finance
3 years ago
mrelliot
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20 QuestionsShow answers
  • Question 1
    30 seconds
    Q. A card that borrows money but it has to be paid back
    answer choices
    Debit Card 
    Credit Card 
    Baseball Card 
    Pokemon Card 
  • Question 2
    30 seconds
    Q. A card that uses money directly from your bank account
    answer choices
    Debit Card 
    Credit Card 
    Pokemon Card 
    Baseball Card 
  • Question 3
    30 seconds
    Q. The maximum amount the lender is willing to make available to the borrower.
    answer choices
    Credit Limit
    Credit History
    Creditor
    Debit Limit 
  • Question 4
    30 seconds
    Q. An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
    answer choices
    Loan 
    Interest 
    Income 
    Deposit  
  • Question 5
    30 seconds
    Q. How many digits are in a bank account number?
    answer choices
    4
    6
    8
    16
  • Question 6
    30 seconds
    Q. How do we calculate total costs?
    answer choices
    Fixed Costs - Variable Costs
    Total Revenue - Fixed Costs
    Variable Costs x Total Revenue
    Fixed Costs + Variable Costs
  • Question 7
    30 seconds
    Q. What happens at Break Even Point?
    answer choices
    Company makes neither profit nor loss
    Company makes profit
    Company makes loss
    Company goes bankrupt
  • Question 8
    30 seconds
    Q. Sales - Cost of Sales = ???
    answer choices
    Money In
    Net Profit
    Expenses
    Gross Profit
  • Question 9
    30 seconds
    Q. Gross Profit - ??? = Net Profit
    answer choices
    Expenses
    Sales
    Cost of Sales
    Money Out
  • Question 10
    30 seconds
    Q. Which of these does not belong on a cash budget?
    answer choices
    Money In
    Opening Balance
    Net Profit
    Money Out
  • Question 11
    30 seconds
    Q. Which of the following is not a feature of a Government Grant?
    answer choices
    Awarded as one off payment
    Subject to limitations and restrictions
    Repaid in monthly instalments
    Must be used for specific purpose
  • Question 12
    30 seconds
    Q. Revenue is ...
    answer choices
    Money made from selling products
    Money paid to suppliers for materials
    Expenses x Units produced
    Monthly rent payments to landlord
  • Question 13
    30 seconds
    Q. A mortgage is used for ...
    answer choices
    Buying a new machine
    Buying a new vehicle
    Buying land or premises
    Paying staff wages
  • Question 14
    30 seconds
    Q. Fixed costs _______ vary with production. (fill in the blank)
    answer choices
    Do
    May
    Sometimes
    Do not
  • Question 15
    30 seconds
    Q. Variable costs _______ vary with production. (fill in the blank)
    answer choices
    Do
    May
    Sometimes
    Do not
  • Question 16
    30 seconds
    Q. A _________ is a plan or forecast of how much money you will have, and how you will spend it.
    answer choices
    Profit Statement
    Job Cost Statement
    Cash Flow Report
    Cash Budget
  • Question 17
    30 seconds
    Q. Which source of finance is internal?
    answer choices
    Government Grant
    Retained Profits
    Bank Loan
    Overdraft
  • Question 18
    30 seconds
    Q. A job cost statement is produced to ...
    answer choices
    Predict how much money we'll make next year
    Tell us how much net profit we made
    Produce a quotation for the cost of a job
    Calculate wage payments for a month
  • Question 19
    30 seconds
    Q. What is added to a job cost statement to allow for profit?
    answer choices
    Profit percentage
    Profit extra
    Profit inclusion
    Profit markup
  • Question 20
    30 seconds
    Q. A ______ can issue shares on the stock exchange to raise finance
    answer choices
    PLC
    Ltd
    Sole Trader
    Franchise
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