Revenue, Costs, Profit and Cash-Flow Objectives (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is another term for revenue?
What is another term for revenue?
Turnover
What does cost minimisation aim to achieve?
What does cost minimisation aim to achieve?
Lowest possible unit costs
How is gross profit calculated?
How is gross profit calculated?
Sales revenue - direct costs
Which formula correctly calculates operating profit?
Which formula correctly calculates operating profit?
Gross profit - expenses
How is profit for the year calculated?
How is profit for the year calculated?
Operating profit + other income - other expenditure
Why is cash flow essential to business survival?
Why is cash flow essential to business survival?
Need cash to pay immediate expenses
Which is a specific cash-flow objective?
Which is a specific cash-flow objective?
Targets for monthly closing balances
What is the formula for return on investment (ROI)?
What is the formula for return on investment (ROI)?
(Profit / capital invested) × 100
What are the two main sources of long-term capital?
What are the two main sources of long-term capital?
Equity and borrowing
What benefit comes from lower costs?
What benefit comes from lower costs?
Higher profit margins