BTEC UNIT 2: FINANCE FOR BUSINESS - LA B D2
Authored by Nico Smit
Business
12th Grade
Used 5+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tool helps businesses plan for success?
Marketing
Budgeting
Hiring
Networking
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a use of budgeting in business?
Forecasting sales revenue
Introducing a new product
Planning employee vacations
Building an extension of a factory
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be the basis for setting a budget?
Random estimates
Financial information from the previous year
Competitor analysis
Employee suggestions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common solution for individuals who suddenly need money for a critical purchase?
Sell assets
Borrow money from a relative
Invest in stocks
Start a new business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used for money expected to enter a business’s bank account?
Cash outflow
Cash inflow
Net profit
Gross income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the result if a business's cash inflow is greater than its cash outflow?
Negative cash flow
Positive cash flow
Bankruptcy
Loss of assets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk if a business does not manage its cash flow effectively?
Increased employee satisfaction
Financial trouble
Higher market share
More product innovation
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