# Year 11 - Term 1 Review Quiz

Year 11 - Term 1 Review Quiz
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Slide 1: Tekstslide

In deze les zitten 52 slides, met interactieve quizzen en tekstslides.

## Onderdelen in deze les

Year 11 - Term 1 Review Quiz

#### Slide 1 -Tekstslide

What is the definition of break-even?
A
The point at which total revenue exceeds total cost.
B
The point at which total revenue is zero.
C
The point at which total cost is zero.
D
The point at which total revenue equals total cost.

#### Slide 2 -Quizvraag

How is the break-even point calculated?
A
Total costs / Total revenue
B
Total revenue - Total costs
C
Fixed costs / (Selling price per unit - Variable cost per unit)
D
Variable costs / Selling price per unit

#### Slide 3 -Quizvraag

What does it mean if a business is operating above the break-even point?
A
The business is making a profit.
B
The business is making a loss.
C
The business is covering only its variable costs.
D
The business is not selling any products.

#### Slide 4 -Quizvraag

What is the significance of the break-even analysis for a business?
A
It helps in calculating the total fixed costs.
B
It is used to analyze the market competition.
C
It helps in determining the level of sales needed to make a profit.
D
It determines the selling price of the product.

#### Slide 5 -Quizvraag

What is the formula for calculating the margin of safety?
A
Actual sales - Break-even sales
B
Variable cost per unit x Sales volume
C
Fixed costs / Selling price per unit
D
Total costs - Total revenue

#### Slide 6 -Quizvraag

What does the contribution represent in break-even analysis?
A
The profit earned from each unit sold.
B
The amount by which sales exceed variable costs.
C
The total cost incurred.
D
The total revenue generated.

#### Slide 7 -Quizvraag

What is a disadvantage of relying solely on break-even analysis for decision making?
A
Assumes fixed and variable costs remain constant.
B
Neglects the impact of competition.
C
Considers changing market conditions.
D
Provides a precise forecast of sales.

#### Slide 8 -Quizvraag

What is the definition of economies of scale?
A
The process of reducing the scale of operations.
B
The cost advantages that enterprises obtain due to size.
C
The benefits of producing at a smaller scale.
D
The increase in average costs as production increases.

#### Slide 9 -Quizvraag

Which is a type of diseconomies of scale?
A
Technical economies
B
External economies
C
Managerial diseconomies
D
Financial economies

#### Slide 10 -Quizvraag

Explain economies of scale.
A
The total cost decreases as output decreases.
B
The cost per unit decreases as output increases.
C
The cost per unit increases as output increases.
D
The cost per unit remains constant regardless of output.

#### Slide 11 -Quizvraag

What are the benefits of economies of scale?
A
Lower average costs and increased efficiency.
B
Fluctuating average costs and inconsistent efficiency.
C
No impact on average costs and efficiency.
D
Higher average costs and reduced efficiency.

#### Slide 12 -Quizvraag

What is a potential consequence of diseconomies of scale?
A
Stagnant productivity and stable costs.
B
Reduced productivity and increased costs.
C
Fluctuating productivity and unpredictable costs.
D
Enhanced productivity and reduced costs.

#### Slide 13 -Quizvraag

What are the types of diseconomies of scale?
A
Operational
B
Financial
C
Managerial
D
Economical

#### Slide 14 -Quizvraag

Which type of diseconomy of scale is related to increased bureaucracy and communication problems?
A
Technological
B
Financial
C
Managerial

#### Slide 15 -Quizvraag

What is an example of financial diseconomies of scale?
A
Higher interest rates on borrowings
B
Improved efficiency in procurement
C
Decreased production costs

#### Slide 16 -Quizvraag

How do diseconomies of scale impact a business?
A
Have no effect on costs
B
Increase costs and reduce efficiency
C
Decrease costs and increase efficiency

#### Slide 17 -Quizvraag

What is the definition of cash flow in business studies?
A
The total revenue of a business.
B
The number of customers in a business.
C
The movement of money in and out of a business.
D
The amount of loans in a business.

#### Slide 18 -Quizvraag

How do you calculate net cash flow?
A
Total inflows - Total outflows.
B
Total revenue + Total expenses.
C
Total sales - Total costs.
D
Total assets - Total liabilities.

#### Slide 19 -Quizvraag

What does a positive cash flow indicate?
A
B
The business is facing a financial crisis.
C
D
The business has more cash coming in than going out.

#### Slide 20 -Quizvraag

What can a business do to improve its cash flow?
A
Expand into unrelated industries.
B
Reduce unnecessary expenses and chase up late payments.
C
Increase employee salaries.
D
Ignore overdue invoices.

#### Slide 21 -Quizvraag

What is the opening balance in a cash flow statement?
A
The amount of cash and cash equivalents at the beginning of the period.
B
The total expenses for the period.
C
The net profit for the period.
D
The total revenue for the period.

#### Slide 22 -Quizvraag

How is the closing balance calculated in a cash flow statement?
A
Opening balance - Total expenses.
B
Opening balance + Net cash flow from operating activities.
C
Opening balance + Total revenue.
D
Opening balance - Net cash flow from operating activities.

#### Slide 23 -Quizvraag

What does a positive net cash flow from operating activities indicate?
A
The company experienced a net loss for the period.
B
The company generated more cash from its core business than it used.
C
The company relied heavily on external financing.
D
The company invested heavily in fixed assets.

#### Slide 24 -Quizvraag

Why is the cash flow statement important for a business?
A
It is primarily for internal record-keeping.
B
It is only required for tax purposes.
C
It helps assess the ability to generate cash and meet obligations.
D
It is used to calculate the company's market value.

#### Slide 25 -Quizvraag

What is a method to decrease net outflow in a business?
A
Negotiating better terms with suppliers
B
Increasing employee salaries
C
Expanding product range
D
Extending customer credit periods

#### Slide 26 -Quizvraag

Which action can contribute to increasing net inflow in a business?
A
B
Offering longer payment terms to customers
C
Hiring more staff
D
Reducing bad debts through effective debt collection

#### Slide 27 -Quizvraag

What can help reduce net outflow for a business?
A
Implementing cost-cutting measures
B
Launching a new marketing campaign
C
Increasing production capacity
D
Expanding into new markets

#### Slide 28 -Quizvraag

Which strategy can lead to a decrease in net outflow for a business?
A
Investing in research and development
B
Increasing distribution channels
C
Offering discounts to attract new customers
D
Consolidating and reducing inventory levels

#### Slide 29 -Quizvraag

What is the advantage of using retained profits as a source of finance?
A
Limited control over funds
B
No interest payments
C
Flexibility in use
D
High interest costs

#### Slide 30 -Quizvraag

What is a disadvantage of using bank loans as a source of finance?
A
Low risk of default
B
No repayment obligation
C
Security may be required
D
Interest payments

#### Slide 31 -Quizvraag

What is the main difference between internal and external sources of finance?
A
Internal sources come from within the business.
B
Internal sources are more costly.
C
External sources provide more control.
D
External sources come from outside the business.

#### Slide 32 -Quizvraag

Which of the following is an example of short-term finance?
A
B
Issuing corporate bonds.
C
Bank loan for 10 years.
D

#### Slide 33 -Quizvraag

What is a benefit of external sources of finance?
A
B
C
Lower interest rates.
D
Easier to maintain control and ownership.

#### Slide 34 -Quizvraag

What is a common disadvantage of using retained profits as a source of finance?
A
Reduced financial risk.
B
No impact on ownership.
C
Limits the amount available for business expansion.
D
Higher interest costs.

#### Slide 35 -Quizvraag

Which factor is a consideration when making location decisions for a business?
A
Competitor locations
B
Labor availability
C
Government regulations
D
Market demand

#### Slide 36 -Quizvraag

What is a disadvantage of a business locating its production facilities in a remote area?
A
Higher transportation costs
B
Lower operating costs
C
Closer proximity to customers
D

#### Slide 37 -Quizvraag

What type of production process involves large-scale, standardized manufacturing of identical products?
A
Mass production
B
Batch production
C
Flexible production
D
Customized production

#### Slide 38 -Quizvraag

What is a benefit of businesses using global sourcing for production?
A
B
C
Higher transportation costs
D
Inefficient supply chain

#### Slide 39 -Quizvraag

What is the purpose of a cash flow forecast in business?
A
Analyzing customer satisfaction levels
B
Developing marketing strategies
C
Assessing financial stability
D
Predicting future cash inflows and outflows

#### Slide 40 -Quizvraag

A
Planning for investments and expansions
B
Measuring brand awareness
C
Identifying potential cash shortages
D
Increasing employee salaries

#### Slide 41 -Quizvraag

A
Enhanced customer experience
B
Improved product quality
C
Higher operating costs
D

#### Slide 42 -Quizvraag

What is a disadvantage of inaccurate cash flow forecasting?
A
Improved customer retention
B
Higher employee morale and motivation
C
Missed opportunities for growth
D
Cash flow problems and financial instability

#### Slide 43 -Quizvraag

What is the definition of working capital?
A
The capital needed for day-to-day operations.
B
The fixed assets of a business.
C
The initial investment in a business.
D

#### Slide 44 -Quizvraag

Which of the following is an example of capital expenditure?
A
B
C
Paying salaries to employees
D

#### Slide 45 -Quizvraag

What is revenue expenditure?
A
Income generated from sales
B
Investment in long-term assets
C
Profit after tax
D
Costs incurred in the day-to-day running of a business.

#### Slide 46 -Quizvraag

What is the difference between revenue and profit?
A
Revenue is the income before taxes, while profit is the income after taxes.
B
Revenue is the total income generated, while profit is the difference between total revenue and total costs.
C
Revenue is the total sales income, while profit is the amount of money left after expenses.
D
Revenue is the amount of money left after expenses, while profit is the total sales income.

#### Slide 47 -Quizvraag

What does the term liquidation mean in business?
A
The process of selling a company's assets to repay outstanding debts, before company closure.
B
The expansion of a company's operations.
C
The reorganization of a company's structure.
D
The acquisition of a company by another.

#### Slide 48 -Quizvraag

What does liquidity refer to in finance?
A
The total debt of a company.
B
The ability to convert assets into cash quickly.
C
The fixed expenses of a company.
D
The long-term investments of a company.

#### Slide 49 -Quizvraag

A
The initial investment in a business.
B
The net profit of a business.
C
The total revenue of a business.
D
The ongoing expenses of operating a business not directly involved in producing a product.

#### Slide 50 -Quizvraag

What is the definition of insolvency?
A
The amount of money a company makes.
B
The profit made by a company.
C
The total assets of a company.
D
A company's inability to pay its debts.

#### Slide 51 -Quizvraag

What do you need to focus on?

Make a note of 3 areas that you need to focus more attention on before the assessment next Wednesday