1) Which term do we use for the stock a business holds? a) Goods b) Inventory c) Stock d) Products 2) If the opening inventory is 50 and the business sells 40 items, what is the closing inventory? a) 40 b) 30 c) 10 d) 50 3) A cash budget is used for... a) Providing more workload b) Budgeting your finances c) Fun 4) If the closing balance on Monday evening is £100, what is the opening balance on Tuesday morning? a) £100 b) £50 c) £10 d) £20 5) A purchase order form shows... a) The business address b) The time

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