Business Finance

What is Working Capital?

• Assets minus Liabilities

• Assets plus Liabilities

• Income plus Expenditure

• Purchase Ledgers

What is the definition of a fixed cost?

• Price never changes

• Regularly occurring payments

• A constant cost to a business

• Money left over after outgoings

What type of cost is a 'Marketing Campaign'

• Fixed

• Variable

• Product

• Period

What type of cost is related to creating a new product?

What type of cost is wages within a business?

A business decides to change supplier to a more competitive price plan. What is this an example of?

• Macroeconomics

• Microeconomics

• Variable Cost

• Product Cost

The government sets a target every year for the rate of inflation, what is it?

• 1%

• 3%

• 2%

• 5%

Home working has increased by 20% in the UK. What is this an example of?

• Macroeconomics

• Microeconomics

When the bank of England creates new money to spend in the economy, what is this called?

• Interest Rates

• Government Bonds

• Quantitative Easing

• Inflation

Which independent regulator monitors financial services in the UK?

• Bank of England

• Monitory Policy Committee

• Financial Ombudsman

• Financial Conduct Authority