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Section 2 - Question 4

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4. (a) Define the following financial terms.  
    • Fixed Costs  
    • Variable Costs  
    • Sales Revenue 3
  (b) Describe the actions that can be taken by an organisation to reduce cost 3
  (c) (i) Justify the use of a spreadsheet in the finance department. 2
    (ii) Describe the ways that other software can be used in the finance
    Total marks 10


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