Bece Business Studies 2023 Past Questions and Answers

Question 26:

• BECE 2023

What is a profit and loss statement?

A. A financial statement that shows revenue, Expenses, and profit
B. A document that lists all assets and liabilities
C. A summary of the company's cash flow
D. A record of daily sales trANS#actions
E. A report on employee performance

Question 27:

• BECE 2023

Which of the following is a fixed cost for a business?

A. Raw materials
B. Wages
C. Rent
D. Utilities
E. Shipping costs

Question 28:

• BECE 2023

What is the meaning of "entrepreneurship"?

A. The act of managing a business
B. The process of starting and running a new business
C. The practice of investing in stocks
D. The role of a marketing manager
E. The development of new products

Question 29:

• BECE 2023

What is a mission statement?

A. A statement of the company's goals and objectives
B. A description of the company's products and services
C. A summary of the company's financial performance
D. A list of the company's employees
E. A detailed marketing plan

Question 30:

• BECE 2023

Which of the following is an example of a variable cost?

A. Rent
B. Salaries
C. Raw materials
D. Insurance
E. Property taxes