EMS Revision

If business's expenses are more than its income.

• Profit

• Loss

• Remuneration

• Savings

Which one of the following is not a tangible asset?

• Vehicle

• Business Premises

• Equipment

• Trading Stock

An example of a retail business

• Cafe

• Plumber

• Doctor

• Teacher

An example of a service business

• Salon

• Cafe

• Tuck Shop

• Grocery Shop

Which one of the following is not an operating expense?

• Rent

• Stationery

• Interest paid on bond

• Repairs

Choose 2 operating expenses

• Rent

• Drawings

• Water & Electricity

• Interest Expense

An example of a non-current liability

• Bond

• Fixed Deposit

• Creditor

• Packing Material

Choose the item that will not be part of a want.

• Bottled water

• Clothing

• A luxury car

• Internet

Services can be described as…

• Fruit and vegetables at the local store

• Waste removal weekly by the local municipality

• Driving a luxury car to the Mall

• Going to work every day

Shelter is an example of a …

• Privilege

• Basic need

• A dream

• A basic want