What is the definition of 'Cash Flow'?

The movement of money in and out of a business during a specific period.

The profit earned by a business.

The total expenses incurred by a business.

The total revenue generated by a business.

What is the definition of 'Gross Profit'?

The total revenue generated by a business.

The profit earned before deducting fixed expenses.

The profit earned after deducting variable costs.

The profit earned from the sale of goods after deducting the cost of goods sold.

What does 'Break-even point' represent in business?

The point where a business starts making a profit.

The point where a business incurs a loss.

The point where there is no profit or loss.

The point where a business is financially stable.

What is the primary purpose of a 'Cash Register' in accounting?

To record all fixed expenses of a business.

To record cash and bank transactions.

To calculate depreciation of assets.

What is the formula for calculating 'Gross Profit per Unit'?

Gross Profit per Unit = Total Sales Revenue - Total Sales Expenses

Gross Profit per Unit = Total Sales - Total Cost of Goods Sold

Gross Profit per Unit = Total Revenue - Fixed Expenses

Gross Profit per Unit = Total Sales - Variable Costs

What are 'Credit Sales' in a business context?

Sales made with a credit card payment.

Sales of products on credit, where the buyer does not pay immediately.

Sales of products at a premium price.

What are 'Variable Costs' in business?

Costs that remain constant regardless of changes in output.

Costs that are incurred initially when a business is started.

Costs that vary based on the number of items produced.

What is the purpose of a 'Cash Flow Projection'?

To assess a business's liquidity and expected cash movements.

What is the primary difference between direct taxes and indirect taxes?

Direct taxes are paid by individuals directly to the government, while indirect taxes are paid indirectly through the purchase of goods and services.

Direct taxes are paid by businesses, while indirect taxes are paid by individuals.

Direct taxes are only applicable to corporations, while indirect taxes apply to individuals.

Direct taxes are collected by private entities, while indirect taxes are collected by the government.

What is the definition of 'Depreciation'?

The increase in the value of an asset over time.

The reduction in the balance of a fixed asset due to wear and tear.

The appreciation of a fixed asset's value.

The amount of money set aside for future investments.

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