What does CPD stand for?

Continuous Professional Development

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Business Structures and Financial Concepts

19 termsStudBud Administration8 plays

Test your knowledge on business structures, financial concepts, and important terms related to the world of business.

Flashcards19 cardsFPractice quizPHost liveL

Questions 19

Answers

1
Which is a fixed cost?
Stock
Rent
Heating
Lunch costs
2
True or false: Variable costs depend on production.
True
False
3
What are variable costs?
Unrelated to demand
Fixed expenses
Always constant
Change with production
4
True or false: Sole traders can't employ others.
False
True
5
What is cash flow?
List of assets
Bookkeeping method
Cash movement measure
Sales statement
6
How to reduce fire risk from chemicals?
Direct sunlight
Near heat source
Never
Correct environment
7
What is gross profit?
After expenses
From products alone
From services alone
Before deducting costs
8
Best way to prevent cross infection?
Use disposable gloves
Shower before treatment
Same gloves for all
No gloves needed
9
What is a limited liability company?
Partnership
Sole proprietorship
Separate legal entity
Product agreement
10
True or false: A limited liability company is separate.
False
True
11
What does VAT stand for?
Value Added Tax
Variety Added Tax
Value Achieved Taxes
Various Added Taxes
12
True or false: Balance sheet includes assets.
False
True
13
What is stock rotation?
New stock front
New stock back
Front desk display
Alphabetical order
14
What is the purpose of a balance sheet?
Show assets and liabilities
Calculate profit
Track cash flow
List sales
15
How does a sole trader operate?
With partners
With investors
With employees
Alone
16
What does capital mean in business?
Services
Products
Money
None of the above
17
What are start-up costs?
Heating bills, Premises
Telephone bills, Machines
Lighting bills, Internet
Premises, Stock, Equipment
18
What does CPD stand for?
Cautious Product Delivery
Constant Personal Delivery
Continuous Professional Development
Continuous Product Delivery
19
What defines a partnership?
Limited liability company
Product agreement
Two or more owners
Sole responsibility

Business Structures and Financial Concepts Flashcards | StudBud

Business Structures and Financial Concepts

19 termsStudBud Administration8 plays

Test your knowledge on business structures, financial concepts, and important terms related to the world of business.

Flashcards19 cardsFPractice quizPHost liveL

Questions 19

Answers

1
Which is a fixed cost?
Stock
Rent
Heating
Lunch costs
2
True or false: Variable costs depend on production.
True
False
3
What are variable costs?
Unrelated to demand
Fixed expenses
Always constant
Change with production
4
True or false: Sole traders can't employ others.
False
True
5
What is cash flow?
List of assets
Bookkeeping method
Cash movement measure
Sales statement
6
How to reduce fire risk from chemicals?
Direct sunlight
Near heat source
Never
Correct environment
7
What is gross profit?
After expenses
From products alone
From services alone
Before deducting costs
8
Best way to prevent cross infection?
Use disposable gloves
Shower before treatment
Same gloves for all
No gloves needed
9
What is a limited liability company?
Partnership
Sole proprietorship
Separate legal entity
Product agreement
10
True or false: A limited liability company is separate.
False
True
11
What does VAT stand for?
Value Added Tax
Variety Added Tax
Value Achieved Taxes
Various Added Taxes
12
True or false: Balance sheet includes assets.
False
True
13
What is stock rotation?
New stock front
New stock back
Front desk display
Alphabetical order
14
What is the purpose of a balance sheet?
Show assets and liabilities
Calculate profit
Track cash flow
List sales
15
How does a sole trader operate?
With partners
With investors
With employees
Alone
16
What does capital mean in business?
Services
Products
Money
None of the above
17
What are start-up costs?
Heating bills, Premises
Telephone bills, Machines
Lighting bills, Internet
Premises, Stock, Equipment
18
What does CPD stand for?
Cautious Product Delivery
Constant Personal Delivery
Continuous Professional Development
Continuous Product Delivery
19
What defines a partnership?
Limited liability company
Product agreement
Two or more owners
Sole responsibility