What is a budget variance

difference between budgeted and actual figures

Procedures that must be followed

What is a bank statement?

Statement that summarises transactions

What is the working time directive?

a law about hours which can be worked

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OCR Technical Business Unit 2 - revision 2

14 termsStudBud Administration235 plays

Cambridge Technical Business: Unit 2 Working in Business

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Questions 14

Answers

1
What is a budget variance
difference between budgeted and actual figures
Working out Gross Profit
Breakeven statement
a businesses budget for the year
2
"payment can be made even if there is insufficient funds in the account" which payment method?
cheque
debit card
cash
credit card
3
advertising special prices where no products are available at that price would break which act?
equality act
consumer protection act
copyright, designs and patents act
data protection act
4
what are the levels of priority?
the chain of command
who you report to
how urgent the task is
low, medium, high
5
"An invoice is a statement involving all your purchased products"
false
true
6
What is a protocol?
Following a business
True or false statements
All of the above
Procedures that must be followed
7
Which of these are not IT protocols
encryption
installing spyware
password protection
internet connection
8
What is a bank statement?
record of employees pay
evidence of which goods and services have been purchased
Statement that summarises transactions
letter from Bank of England
9
Which type of payment method can be sent via post?
none of the above
debit card
credit card
cheque
10
Which of these is not a reason for a business prioritising?
going to lunch
workload
importance of meeting deadlines
conflicting demands of time
11
"a payslip is an employee's record of the pay they have received"
False
True
12
What is the working time directive?
when an employees clocks in/out
a law about laws
a law about hours which can be worked
health and safety about hours worked
13
Select one factor that influences meeting arrangements
whether it is urgent
all of the above
purpose of meeting
if the people involved are internal or external
14
Which factors influence task prioritisation?
Importance of the task
None of the above
Lunch with friends
Taking out the trash

OCR Technical Business Unit 2 - revision 2 Flashcards | StudBud