Finance Quiz Two

A finance quiz suitable for those taking Unit 3 Applied Business Studies
What C is something the business owns usually for less than one year?. What F is something the business owns for more than a year?. What M is an example of a fixed asset?. What C are considered as a current liability because the business owes them money?. What D is a current asset and is in debt to the business?. What B is an example of a long term liability?. What T is a cost found when fixed costs are added to variable costs?. What S is money gained from selling goods or services (Selling price x No. of units sold)?. What F is a cost that doesn't change in relation to how much is produced?. What V is a cost that change directly in relation to how much a business produces?. What B is where total costs = sales revenue and the business is making £0?. What G is sales revenue - cost of goods sold?. What N is calculated as follows: Gross Profit - Expenses?. What P is a document used to order goods from a business?. What S is an example of a current asset?. What A is something of value that a business owns?. What L is something of value that a business owes?. What I is a bill sent by the supplier requesting payment from a customer?. What E is an example of a fixed asset?. What C is an example of a current asset?.

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