Question 16:

• BECE 2023

What is the main purpose of a budget?

A. To track past spending
B. To forecast future revenues andEXP#enses
C. To record daily trANS#actions
D. To manage employee salaries
E. To plan marketing campaigns

Question 17:

• BECE 2023

What does the term "inventory" refer to in a business context?

A. The list of employees
B. The stock of goods available for sale
C. The company's debt
D. The list of clients
E. The company's market share

Question 18:

• BECE 2023

Which of the following is a type of partnership where all partners are equally responsible for management and liabilities?

A. Limited Partnership
B. General Partnership
C. Joint Venture
D. Corporation
E. Sole Proprietorship

Question 19:

• BECE 2023

What is meant by "e-commerce"?

A. Business conducted via the internet
B. Business conducted via telephone
C. Business conducted in physical stores
D. Business conducted through mail orders
E. Business conducted through face-to-face meetings

Question 20:

• BECE 2023

What is a trademark?

A. A legal protection for an invention
B. A legal protection for a company's logo or brand
C. A document that outlines a business plan
D. A financial statement
E. A type of partnership