Question
A document that shows the movement of money over a future period
The answer is: Cash flow projection
A cash flow projection is a financial document that forecasts the inflow and outflow of money within a business over a set period, helping to plan for future financial needs.
Question
The ability of a business to grow and still produce a profit in the long term
The answer is: Sustainable profitability
Sustainable profitability refers to a business’s capacity to continue growing and generating profits over the long term without compromising its resources or stability.
Question
Fixed and variable costs incurred by a business to manufacture products
The answer is: Production costs
Production costs include both fixed costs (such as rent and salaries) and variable costs (such as raw materials and labor) associated with manufacturing goods or services.
Question
The analysis and evaluation of a proposed business idea to determine whether it is likely to be successful
The answer is: (Financial) feasibility study
A financial feasibility study assesses whether a proposed business idea is financially viable by evaluating costs, potential returns, and risks.
Question
The amount added to the cost price of goods to cover overheads and profits
The answer is: Mark-up
Mark-up is the percentage added to the cost price of a product to determine its selling price, which covers overhead expenses and generates profit.
Question
An unknown e-mail requesting personal banking details
The answer is: Phishing/ scam
Phishing or scam refers to fraudulent attempts, often through e-mails, to trick individuals into revealing personal or financial information for malicious purposes.
Question
Exonerates a seller from any liability
The answer is: Exemption clause
An exemption clause is a term in a contract that limits or removes a party’s liability, often protecting a seller from being held responsible for certain issues.
Question
All members in the group benefit equally from the proceeds
The answer is: Stokvel/ (community) savings club
A stokvel or community savings club is a group savings scheme where all members contribute regularly and share the benefits or proceeds equally, often used for social or financial purposes.
Question
A business conducting unreasonable acts against consumers
The answer is: Unfair/ unreasonable business practice
Unfair or unreasonable business practices refer to actions by businesses that exploit or deceive consumers, often violating laws or ethical standards.
Question
An amount added to the cost price of products to cover overheads and make a profit
The answer is: Mark-up
Mark-up is the percentage added to the cost price of a product to determine its selling price, covering overheads and generating profit.
Question
A business meets its sales target because a product sells very well
The answer is: Best sales scenario
The best sales scenario refers to the ideal situation where a business achieves or exceeds its sales target due to strong product demand.
Question
Shows the movement of money over a future period to ensure that a business does not develop cash flow problems
The answer is: Cash flow projection
A cash flow projection forecasts the inflow and outflow of money within a business over a set period, helping to manage finances and avoid cash flow issues.
Question
Includes all expenses that need to be paid before a business can start
The answer is: Start-up costs/ capital
Start-up costs or capital are the initial expenses that a business incurs to establish operations, such as equipment, marketing, and licenses.