In which section of a statement of financial position would ‘inventory’ appear?

Which of the following is most likely to be a government-owned organisation?

How is a business most likely to respond to a stakeholder with a high degree of influence?

Which one of the following would be carried out by the accounting function in a large business?

The sole trader’s revenue for the coming year is expected to be:

Which of the following would be a fixed cost for a car manufacturer?

Which of the following is an example of a financial aim for a business?

A high-quality restaurant is located in an area which has experienced a sudden rise in unemployment. Which one of the following actions should the restaurant take in response to this economic change?

A pharmaceutical manufacturer is introducing a new liquid painkiller for children. Costings are as follows: • fixed costs £5000 per month • ingredients £2.50 per bottle • packaging £0.10 per bottle. If the selling price per bottle is £7.50, the break-even level of output would be:

Which one of the following is not an example of being enterprising?

A petrol station is conducting a SWOT analysis. In which category should ‘an increase in fuel taxation’ be placed?

Which of the following is an advantage of operating as a private limited company?

A business with a unique selling point:

Which of the following is a non-legal consequence of failing to comply with the Data Protection Act?

Which one of the following job roles would report to a Director?

Job roles on the same level of an organisation chart have:

Mulligan Butchers Ltd sells meat which is incorrectly labelled. Mulligan Butchers Ltd appears to have broken the:

A business that uses cross-functional teams has:

Which of the following would not cause a business to fail?

Paying the living wage is an example of: