[Type text]
Student Name___________________
Students Number_______________
Date_______________
Mock Assessment Unit 2
Mock 7
52 Points
,[Type text]
Exercise 1
Give two examples of direct costs. (2)
Raw Materials
Example 1:
Example 2:
Labour/wages
Exercise 2
Explain what running costs are. (2)
Day to day costs
Reoccurring costs
Give examples
Costs that allow you to keep trading for example pay wages and
suppliers
, [Type text]
Exercise 3
Nora sells handbags in her shop in Ruislip.
Which of the following is a start-up cost? (1)
Tick one of the boxes
Heating
Raw materials
Income
Staff wages
Exercise 4
Nora has expanded her business and now has a shop in Hayes.
Give two examples of fixed costs (2)
Write your answers in the boxes
Example 1:
Rent
Example 2:
Insurance
Give two examples of the variable costs (2)
Example 1:
Raw Materials
Example 2:
Labour/wages
Student Name___________________
Students Number_______________
Date_______________
Mock Assessment Unit 2
Mock 7
52 Points
,[Type text]
Exercise 1
Give two examples of direct costs. (2)
Raw Materials
Example 1:
Example 2:
Labour/wages
Exercise 2
Explain what running costs are. (2)
Day to day costs
Reoccurring costs
Give examples
Costs that allow you to keep trading for example pay wages and
suppliers
, [Type text]
Exercise 3
Nora sells handbags in her shop in Ruislip.
Which of the following is a start-up cost? (1)
Tick one of the boxes
Heating
Raw materials
Income
Staff wages
Exercise 4
Nora has expanded her business and now has a shop in Hayes.
Give two examples of fixed costs (2)
Write your answers in the boxes
Example 1:
Rent
Example 2:
Insurance
Give two examples of the variable costs (2)
Example 1:
Raw Materials
Example 2:
Labour/wages
