SQA National 5 Business Management Unit 3 Management of People and Finance overview quiz quiz: Business Management (SQA-NATIONAL-5)

Which document lists the duties and responsibilities of a job?

An advantage of internal recruitment is that:

Training given to a new employee when they first start is called:

Which of these is a non-financial method of motivation?

Which law requires a business to provide a safe workplace?

Which source of finance is best for a short-term cash shortage?

Hire purchase is different from leasing because:

Which of these is a fixed cost?

Contribution per unit is calculated as:

A product sells for $\pounds 18$ , variable cost is $\pounds 10$ , fixed costs are $\pounds 4000$ . The break-even point is:

The margin of safety is:

In a cash budget, the closing balance is calculated as:

A month has opening balance $\pounds 700$ , receipts $\pounds 3000$ and payments $\pounds 3400$ . The closing balance is:

Gross profit is calculated as:

A firm has sales of $\pounds 50\,000$ and gross profit of $\pounds 20\,000$ . Its gross profit margin is:

How can technology help a business manage its finances?