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BTEC Level 1/Level 2 First Award in Business|Unit 2: Finance for Business MOCK EXAM (questions only) £11.06
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Exam (elaborations)

BTEC Level 1/Level 2 First Award in Business|Unit 2: Finance for Business MOCK EXAM (questions only)

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BTEC Level 1/Level 2 First Award in Business Student Name: ...................................... Teacher: ................................................ Date: ..................................................... Mark: ..................................................... Page 1 of 19 ...

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  • January 28, 2022
  • 19
  • 2021/2022
  • Exam (elaborations)
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Unit 2: Finance for Business

MOCK EXAM


BTEC Level 1/Level 2
First Award in
Business

Student Name: ......................................
Teacher: ................................................
Date: .....................................................
Mark: .....................................................




Page 1 of 19

,Question 1 of 18

Select one type of variable cost for a burger van business (1)


Place a tick in one of the boxes.



Rent

Ingredients

Telephone rental

Road Tax




Question 2 of 18

Identify one example of a cash outflow (1)


Place a tick in one of the boxes.



Rental Income

Sales

Stock Purchases

Interest on savings




Page 2 of 19

, Question 3 of 18



Susan owns a second hand clothes shop.

In the last month she has paid £2,565 for stock.

She has also paid an assistant £380 in wages

Her rent for the month was £5,600



Calculate the monthly total cost for Susan’s business (2)


Write your answer in the box.

You must show your working

£




Workings

...................................................................................................................
.

...................................................................................................................
.

...................................................................................................................
.

...................................................................................................................
.

...................................................................................................................
.




Page 3 of 19

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