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  • Costs that vary with the level of production are called …. #101
  • The... business model can be used by many types of business, but is perhaps most popular among tradesmen providing services to individuals and families. #102
  • A … is a self-employed person who owns and runs their own business as an individual. #103
  • There are multiple partners like in a …, so the sole trader model is usually suitable if you’re looking to go into business with someone else, sharing the responsibility and rewards. #104
  • The firm invests its funds in acquiring … as well as current assets. #105
  • Whenever a company is … huge funds in an investment proposal it expects some regular amount of cash flow to meet day to day requirements. #106
  • The most important criteria to decide the investment proposal is … it will be able to bring back for the company in the form of income. #107
  • With every investment proposal, there is zero degree of … involved. #108
  • The finance manager must compare all the available alternatives very carefully and then only decide where to … the scarcest resources of the firm. #109
  • The standard formula for working capital is current assets divided by …. #110
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