1. 2. 3. 4. 5. Convenience products include all of the following, except (a) Staple (b) Impulse (c) Routine (d) Emergency Identify the option that does not refer to the three principles of financial management. (a) Risk and retum (b) Cost-benefit analysis (c) Time value of money (d) Income and expense A labour council may be defined as: (a) Bargaining (b) A forum within which negotiation or collective bargaining can take place. (c) (d) Disciplinary action A council that deals with retrenchments Variable costs: (a) (b) (c) (d) A balance sheet refers to: (a) (b) (c) (d) Remain constant regardless of the number of units being produced. Direct proportion change to the change in number of units being produced. Both (a) and (b) There is not sufficient information. Assets and liabilities of the business Income and expenses of the business Both (a) and (b) Neither (a) nor (b)