BTEC Business- Unit 3 Finance revision bundled exams 2023 WITH 100% CORRECT ANSWERS

What do clinical development group do? Develop study protocols; manage and execute clinical plan and manage the budget. What does the Regulatory group do? Navigate the regulatory landscape through development and approval. What does the Process development group do? Optimize cell li...

The Prescription Drug Users Fee Act of 1992 was passed mainly to: Shorten the time for new drug review and marketing approval Which of the following is least relevant to the Kefauver-Harris Amendments of 1962? Patent medicines with unknown ingredients The death from Children's Tylen...

Cash Money in the form of bills or coins Debit card A card used to withdraw money from a bank account Credit card A card authorizing the holder to buy goods and services that can be paid for later. Cheque A written instruction to your bank to pay a sum of money to another pe...

Revenue The money coming into the business Fixed Costs Costs that stay the same Variable Costs Costs that change with output Total Costs = Fixed Costs + Variable Costs Total Variable Costs = Variable Cost * Quantity Profit formula =Revenue - Total Costs ...

What is the main difference between modern and classical biotechnology? In modern biotechnology, DNA transfer is possible even between unrelated organisms Yeast is one example of a eukaryotic microbe that is extensively used in many industries. What is a characteristic of yeast but not bacte...

Breakeven When revenue and expenditure are the same. there is no profit or loss variable costs raw materials, change as output increases margin of safety is the amount by which sales would have to fall before the break-even point is reached total costs fixed costs plus varia...

Multifunctional Devices Devices that can perform multiple functions. Personal Computers Small, inexpensive computers for use by individual users. Mobile Devices Smartphones and tablets are made with portability in mind to give people computer and internet access whilst on the go. ...

Multifunctional Devices Devices that can perform multiple functions. Personal Computers Small, inexpensive computers for use by individual users. Mobile Devices Smartphones and tablets are made with portability in mind to give people computer and internet access whilst on the go. ...