What is a credit note used for?
Costs and terminology

Quiz
•
Business
•
9th - 10th Grade
•
Medium
Conor Sutton
Used 33+ times
FREE Resource
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To charge the consumer more.
To correct an error on a customer account
To show proof of a purchase.
To provide evidence of an 'entrepreneur's promise'.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If somebody owes money to your business, they are a _____
debtor.
creditor.
supplier.
stakeholder.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your enterprise owes money to somebody else, they are a ____
consumer.
shareholder.
trade debtor.
trade creditor.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate sales revenue?
Gross profit - Cost of sales
Cost per unit - Price per unit
Price per unit X Number of units sold
Fixed costs + Variable costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'B2C' market stand for?
Business to Consumer
Business to Captain
Business to Cost
Business to Calculation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'B2B' market stand for?
Business to Border
Business to Business
Business to Break Even
Business to Boardroom
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe debts that need to be paid off in the short term?
Trade debtors
Start up costs
Current assets
Current liabilities
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