Short Assesment-Sources of finance

Beschreibung

GCSE Business Studies (Sources of finance ) Quiz am Short Assesment-Sources of finance , erstellt von Thea Friend am 13/02/2019.
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Quiz von Thea Friend, aktualisiert more than 1 year ago
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Erstellt von Thea Friend vor mehr als 5 Jahre
21
1

Zusammenfassung der Ressource

Frage 1

Frage
What is an overdraft?
Antworten
  • An arrangement with the bank that the business can spend more money than it has in its bank account
  • an amount of money borrowed from a bank or other lenders

Frage 2

Frage
Out of the following which is the long term sources of finance?
Antworten
  • Bank loans, Mortgage , Government grants
  • Overdraft, trade credit, factoring

Frage 3

Frage
is a mortgage= a special type of loan for buying property where monthly payments are spread over a number of years
Antworten
  • True
  • False

Frage 4

Frage
What is a grant?
Antworten
  • where a bank allows a firm to take out more money than in its bank account
  • where suppliers deliver goods now and are willing to wait for a number of days before payment
  • when charities or the government help a business get started

Frage 5

Frage
is a loan short term?
Antworten
  • True
  • False

Frage 6

Frage
what is an external source?
Antworten
  • found outside the business eg. creditors or banks
  • finance or funds found inside the business

Frage 7

Frage
What is factoring?
Antworten
  • where a firm sells their invoices to a factor such as a bank
  • where a supplier delivers goods and are willing to wait a number of days for payment

Frage 8

Frage
Is external sources of finance found outside the business?
Antworten
  • True
  • False
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