Which of the following is likely to cause an adverse labour rate variance? Select one: a. A rise in the minimum wage. b. Cutting bonuses. c. Using lower skilled workers. d. Reducing staff numbers.

Which of the following provides an explanation of a Payback period of 2 years?

Select one: A) In year 3 there are no expected costs or revenues. B)It takes 2 years for the project to break-even. C) The non-current asset is depreciated over 2 years. D)It takes 2 years to generate any sales revenues.

A business could manage a shortfall of cash by: Select one:

A. Allowing customers longer credit.

B. Recruiting more staff.

C. Reducing its overdraft.

D. Seeking credit from suppliers.