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BTEC Level 1/Level 2 First Award in Business|Unit 2: Finance for Business MOCK EXAM 2 ANSWERS | 2022 update £12.70
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Exam (elaborations)

BTEC Level 1/Level 2 First Award in Business|Unit 2: Finance for Business MOCK EXAM 2 ANSWERS | 2022 update

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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
  • 12
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
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Unit 2: Finance for Business

MOCK EXAM 2
ANSWERS




BTEC Level 1/Level 2
First Award in
Business




Page 1 of 12

, Question Answer Mark
Number
1 Licence needed to sell certain goods or services (1)


Question Answer Mark
Number
2 Repairs and Maintenance (1)


Question Answer Mark
Number
3 Total Cost = Fixed Costs + Variable Costs (1) (2)
£1,000 = £500 + (£5 X 100) (1)



Question Answer Mark
Number
4 Revenue = number of sales X price per unit (1) (2)
£607.50 = £4.50 X 135




Page 2 of 12

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