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Edexcel GCSE Business Topic 1.3 Putting a business idea into practice overview quiz quiz

12questions. Pick an answer and you'll see why right away.

  1. Which of these is a financial objective for a new business?

  2. A business sells 400 units at 12 each. What is its total revenue?

  3. Which of these is a fixed cost?

  4. Fixed costs are 6000, the selling price is 14 and the variable cost is 8 per unit. What is the break-even output?

  5. A business breaks even at 800 units and sells 1100. What is its margin of safety?

  6. On a break-even diagram, the break-even point is where:

  7. Why can a profitable business still run out of cash?

  8. A month has inflows of 9000 and outflows of 11000. What is the net cash flow?

  9. The opening balance is 1500 and the net cash flow is -2000. What is the closing balance?

  10. Which of these is a short-term source of finance?

  11. An advantage of using retained profit to finance a business is that:

  12. Crowd funding raises money by: