THE LONGEST Enterprise component 3 Quiz

Sales revenue is a ???

• Opening balance

• Cash outflow

• Net cash flow

• Cash inflow

Paying a salary to employees = ???

• Cash outflow

• Net cash flow

• Cash inflow

• Closing balance

Where do you get your opening balance from ??

• The cash inflow from the previous month

• The net cash flow from the previous month

• The closing balance from the next month

• The closing balance from the previous month

Which one if not a type of market segmentation?

• Demographic

• Psychographic

• Geographical

• Public Relations

• Behavioural

Gross profit = ???

• Sales revenue x cost of sales

• Sales revenue - cost of sales

• Sales revenue + cost of sales

• Sales revenue / cost of sales

What is the break even formula???

• Fixed costs + (selling price per unit - variable costs per unit)

• Fixed costs x (selling price per unit - variable costs per unit)

• Fixed costs / (selling price per unit + variable costs per unit)

• Fixed costs / (selling price per unit - variable costs per unit)

Things that an enterprise owns for more than 1 year = ???

• Long term liabilities

• Current assets

• Current liabilities

• Fixed assets

Example of a current asset = ???

• Vehicles

• Bank loan

• Trade debtors

• Creditors

Example of a current liability = ???

• Bank overdraft

• Mortgage

• Cash in the bank

• Raw materials

Long term liability = ???

• Machinery

• Computer equipment

• Bank overdraft

• Bank loan