Topic 2.4 Making financial decisions

The direct costs of purchasing raw materials and manufacturing finished products?

• Cost of production

• Cost of sales

• Fixed costs + Variable costs

• Total costs

Sales revenue minus cost of sales equals?

• Net profit

• Gross profit

• Total costs

• Profit

Sales revenue - cost of sales = gross profit - operating costs = ?

• Net profit

• profit

• Profit margin

• Loss

A measure of profitability calculated as a % of revenue?

• Profit increase

• Profit margin

• Profit gain

• Profit

When making investment decisions, the owners of a business will consider the potential profit they will make, this is called?

• Profit margin

• Average return on investment

• Total profit

• Dividend

The general increase in prices over time?

• Interest

• Inflation

• Profit

• Sales price

A quantity used in a calculation or some measurable piece of inflation?

• Fixed

• Variable

• Data

• Number

A graphic representation of information to make it interesting and easy to understand ?

• Graph

• Infographic

• Bar chart

• Pie chart

Relating to the structure of a population?

• Demographic

• Geographical

• Region

• Characteristics

Concerning the quality of something that cannot be measured in numbers?

• Qualitative data

• Quantitative data

• Data

• Reliability