Bece Business Studies 2023 Past Questions and Answers

Question 41:

• BECE 2023

What is a "business cycle"?

A. The period of time it takes to complete a business trANS#action
B. The ups and downs in economic activity over time
C. The process of starting a new business
D. The steps involved in marketing a product
E. The lifecycle of a product

Question 42:

• BECE 2023

Which of the following is an example of a non-current asset?

A. Cash
B. Inventory
C. Accounts receivable
D. Machinery
E. PrepaidEXP#enses

Question 43:

• BECE 2023

What is "cash flow"?

A. The total profit of a company
B. The movement of money in and out of a business
C. The amount of money owed by customers
D. The company's revenue from sales
E. The company's fixed assets

Question 44:

• BECE 2023

What is the primary objective of financial management?

A. To maximize profit
B. To minimize costs
C. To maximize shareholder value
D. To ensure employee satisfaction
E. To improve product quality

Question 45:

• BECE 2023

Which of the following is an example of a service business?

A. A furniture manufacturer
B. A car dealership
C. A software company
D. A restaurant
E. A clothing store