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IB Business 3.1-3.3

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11th Grade - University

Used 150+ times

IB Business 3.1-3.3
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55 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

capital expenditure is:

money spent to acquire item in a business that will last for more than a year
money spent to acquire items in a business that will last only a few months

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

fixed assets include:

labor,raw materials,landscape,machinery
food,shelter,clothing
machinery,land buildings,vehicles,equipment
rent,wages,raw materials,insurance,fuel

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

fixed assets can be used as collateral (finanical secuirty pleged for repayment of a loan)

true 
false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

revenue expenditure is defined as 

money spent to aquire items in a business
withdrawing more money than is an account
money spent on the day to day running of a business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

revenue expenditure consist of 

rent,wages,raw materials,insurance,fuel
machinery,land,buildings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

revenue expenditure

short term focus
long term focus
medium term focus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

internal sources of finance

personal funds,sale of assets and retained profit
land, equipment,insurance
none of the above

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