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Summary Business Btec Unit 3 - business finance Questions and Answers (Latest Update 2025)
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Business Btec Unit 3 - business finance Questions and Answers (Latest Update 2025)
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Business Btec Unit 3 - business financeQuestions and Answers (Latest Update
2025)
Savings - Correct Answer ✅placing money in a secure
place so that it grows in value ad can be used in the future
investment - Correct Answer ✅speculative commitment to
a business venture in the hope that it generate a financial
reward in the future.
expenditure - Correct Answer ✅the amount of money you
need to cover all your expenses/ outgoings e.g. your
mortgage and bills
Shareholders - Correct Answer ✅someone who invested in
a company in return for equality i.e. share of the business
(HMRC) Her Majesty's Revenue and Customs - Correct
Answer ✅is a non-ministerial department of the UK
government responsible for the collection of tax
Fraud - Correct Answer ✅Is a criminal deception intended
to result in financial or personal gain
, Business Btec Unit 3 - business finance
Questions and Answers (Latest Update
2025)
Profit - Correct Answer ✅Is a financial gain, the difference
between the amount earned and the amount spent
Loss - Correct Answer ✅Is the amount of money lost in a
business or organization
Gross profit - Correct Answer ✅a company's total revenue
minus the total revenue.
Sales Revenue - Correct Answer ✅Is the income from sales
from goods and services, minus the cost associated with
things returned and undelivered merchandise.
Net profit - Correct Answer ✅Is the actual profit after the
working expenses not included in the calculation of gross
profit have been paid
Trade payables - Correct Answer ✅Is the amount billed to
the company by the suppliers for the goods delivered
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