IB Business 2.7-2.9

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Across
  1. 2. A department in a business that generates both revenues and expenditures, so that its contribution to the profit of the business can be determined.
  2. 4. The quantity or output where total revenue equals total cost.
  3. 6. Spending by a business on non-current (fixed) assets; also known as capital expenditure.
  4. 7. Non-numerical data that describes qualities or characteristics.
  5. 10. A department in a business that generates costs, but no revenue.
  6. 11. In cost or managerial accounting, variance is the difference between planned or budgeted sales revenue and costs and the actual sales revenue and costs.
  7. 12. An increase in the general price level in the economy, usually expressed as a percentage change.
  8. 13. The ability to convert an asset into cash without loss of value.
  9. 14. A subconscious error in thinking that leads people to misinterpret information in the world around them.
  10. 16. Cash that is left over once operational costs have been paid
Down
  1. 1. Total revenue minus total costs.
  2. 3. Information that can be counted and has a numerical value.
  3. 5. Assets that are likely to be kept by the business for more than one year.
  4. 8. A plan that outlines a business’ revenue and expenditure over a period of time
  5. 9. The difference between current assets and current liabilities.
  6. 14. Payments received by a business (inflows) and payments made by a business (outflows).
  7. 15. The value of a single company's sales or revenues compared with the sales of all businesses in a market.