Weeks 13 – 24 Vehicle Taxation (4)

48 Questions | Total Attempts: 71

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Weeks 13  24 Vehicle Taxation (4)

A recovery vehicle is taxed:


Questions and Answers
  • 1. 
    A recovery vehicle is taxed:
    • A. 

      At the same rate as a car

    • B. 

      At a special rate of its own

    • C. 

      At the same rate as Trade Plates

    • D. 

      At the same rate as a goods vehicle of the same weight

  • 2. 
    An application for Trade Plates must be submitted to:
    • A. 

      Vehicle Registration Office

    • B. 

      Goods Vehicle Centre, Swansea

    • C. 

      Department of Trade and Industry

    • D. 

      Driver and Vehicle Licensing Authority, Swansea

  • 3. 
    A lorry on which the excise licence had expired was pushed from the yard onto the public highway for two days:
    • A. 

      Because the vehicle was not driven an offence was not committed

    • B. 

      The offence of using a vehicle without an excise licence was committed

    • C. 

      No offence was committed because the vehicle was only left on the road for a short period

    • D. 

      No offence was committed because the vehicle was not authorised on the ‘O’ licence

  • 4. 
    What threshold must the gross weight of a goods vehicle exceed before excise duty calculations take into consideration the number of axles on the vehicle?
    • A. 

      10 tonnes

    • B. 

      12 tonnes

    • C. 

      16 tonnes

    • D. 

      3.5 tonnes

  • 5. 
    Road Charging (4) From the list below, identify the infrastructures on which tolls are levied in at least one direction: 1. The Dartford Crossing 2. The Severn Bridge 3. The Humber Bridge 4. The Thelwall Viaduct 5. The Newbury Bypass
    • A. 

      1 & 2 only

    • B. 

      1,2 & 3 only

    • C. 

      1,2,3 & 4 only

    • D. 

      1,2,3,4 & 5

  • 6. 
    Which city imposes a congestion charge on haulage vehicles entering a specified zone  between certain hours?
    • A. 

      London

    • B. 

      Birmingham

    • C. 

      Glasgow

    • D. 

      Manchester

  • 7. 
    An operator takes a load from Cardiff and delivers to an address in Central London at 09.00 on Monday morning, returning to Cardiff the same day. The route used is the A48, M4 and A4 in each direction. In addition to the vehicle’s normal standing and running costs, what other charges and tolls would be payable on this day’s work?
    • A. 

      A toll on the Severn crossing eastbound journey only

    • B. 

      A toll on the Severn crossing westbound journey only

    • C. 

      A toll on the Severn crossing on the westbound journey plus the London Congestion Charge

    • D. 

      A toll on the Severn crossing in both directions plus the London Congestion Charge

  • 8. 
    Which of the following journeys involves a toll payment?
    • A. 

      Bristol to Cardiff via M5 and M4

    • B. 

      Oxford to Portsmouth via M40, M25 (anti-clockwise) and A3

    • C. 

      Bristol to Brighton via M4, M25 (anti-clockwise) and M23

    • D. 

      Goole to Leicester via M62, M18 and M1

  • 9. 
    Commercial Conduct of Business (4) A transport operator discovers on checking through copy invoices that a customer has been overcharged.   In order to correct the mistake she will send the customer a:
    • A. 

      Debit note

    • B. 

      Credit note

    • C. 

      Supplementary invoice

    • D. 

      Statement of accounts

  • 10. 
    The following forms are all used in business transactions: a. invoice b. quotation c. order     d. cash receipt   Which of the following indicates the correct sequence for their use?
    • A. 

      Bcad

    • B. 

      Dbca

    • C. 

      Abcd

    • D. 

      Cbad

  • 11. 
    A customer denies having received certain goods. You investigate and find proof that the goods were delivered.   You decide to send a copy of the document he signed on receipt of the goods.  Which copy document do you send him?
    • A. 

      The invoice

    • B. 

      An advice note

    • C. 

      The order form

    • D. 

      The consignment note

  • 12. 
    A Standing Order is a method of payment:
    • A. 

      Using a banker’s cheque card

    • B. 

      Whereby a bank will make regular fixed payment out of your account as directed

    • C. 

      A customer can make irregular payments into your bank account

    • D. 

      Using a credit card

  • 13. 
    Business and Financial Management (12)   Total capital employed in a business comprises:
    • A. 

      Fixed plus current assets less current liabilities

    • B. 

      Current assets less current liabilities

    • C. 

      Total assets less long-term liabilities

    • D. 

      Total assets less long-term liabilities

  • 14. 
    A balance sheet at a given date is a statement showing the:
    • A. 

      Detailed expenses of running a business

    • B. 

      Assets and liabilities of a business

    • C. 

      Sales and purchases of a business

    • D. 

      Operating costs of running a business

  • 15. 
    The ratio of liquid assets to current liabilities is obtained by calculating the:
    • A. 

      Cash ratio

    • B. 

      Current ratio

    • C. 

      Working capital ratio

    • D. 

      Liquidity ratio

  • 16. 
    Ithin a company’s balance sheet, which of the following is considered to be the most acceptable ‘current ratio’?
    • A. 

      0.5:1

    • B. 

      0.8:1

    • C. 

      1:1

    • D. 

      2:1

  • 17. 
    An increase in the electricity bill will show as:
    • A. 

      Increased expenditure in the balance sheet

    • B. 

      Increased expenditure in the profit & loss account

    • C. 

      Decrease revenue in the trading account

    • D. 

      Decrease revenue in the profit & loss account

  • 18. 
    Which of the following factors would be taken into account when deciding to re-order an essential fast moving spare part for a vehicle from stock?
    • A. 

      Lead time

    • B. 

      Cost of item

    • C. 

      Number of vehicles in fleet

    • D. 

      Number of fitters employed

  • 19. 
    Which of the following describes cash flow?
    • A. 

      Cash going out of the business to cover short term liabilities

    • B. 

      Cash receipts less debts due to the business

    • C. 

      The net pre-tax profit made by the business

    • D. 

      Money received into and paid out by the business

  • 20. 
    Assessment of a company’s corporation tax is based on which of the following?
    • A. 

      Adjusted gross profit

    • B. 

      Fixed assets

    • C. 

      Capital gains

    • D. 

      Adjusted net profit

  • 21. 
    The final balance of the above extract of a statement issued by an operator to a customer indicates that:
    • A. 

      The operator owes the customer £10,000

    • B. 

      The operator owes the customer £8,000

    • C. 

      The customer owes the operator £8,000

    • D. 

      The customer owes the operator £10,000

  • 22. 
    The difference between the amounts shown on the balance sheet for current assets and current liabilities is known as the:
    • A. 

      Net profit

    • B. 

      Working capital

    • C. 

      Shareholders’ equity

    • D. 

      Capital employed

  • 23. 
    An increase in the wages bill (labour costs) to drivers will show as:
    • A. 

      Decreased revenue in the profit and loss account

    • B. 

      Increased expenditure in the balance sheet

    • C. 

      Increased expenditure in the trading account

    • D. 

      Decreased revenue in the trading account

  • 24. 
    One method that could be used to try and improve cash flow in your business would be to:
    • A. 

      Offer long-term credit facilities to customers

    • B. 

      Offer shorter periods of credit from suppliers

    • C. 

      Offer cash discounts to customers

    • D. 

      Offer larger trade discounts to customers

  • 25. 
    Vehicle Costings (4) The running costs of a vehicle are determined:
    • A. 

      On a tonnes basis

    • B. 

      On a cost per km basis

    • C. 

      As a daily standing cost

    • D. 

      By specific allocation

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