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End of Topic Test - Business in Practice

Business: Edexcel GCSE, topic 1.3.13

Test yourself on End of Topic Test - Business in Practice

  • What is the legal obligation of most limited companies?

  • What type of cost are raw materials?

  • What type of cost is rent?

  • If cost A is £100,000 at an output of 20 units and cost B is £100,000 at an output of 100 units, is it a fixed or variable cost?

  • Which of these is true at a break-even level of output?

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