SOURCES OF FINANCE - external sources

Beschreibung

GCSE Business Studies (REVISION) Quiz am SOURCES OF FINANCE - external sources, erstellt von Taisiya Lebedeva am 21/05/2019.
Taisiya Lebedeva
Quiz von Taisiya Lebedeva, aktualisiert more than 1 year ago
Taisiya Lebedeva
Erstellt von Taisiya Lebedeva vor mehr als 5 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
A creditor is ...
Antworten
  • an individual or business that has lent funds to a business and is owed money
  • an individual or business who has borrowed funds from a business and so owes it money

Frage 2

Frage
A debtor is ...
Antworten
  • an individual or business who has borrowed funds from a business and so owes it money
  • an individual or business that has lent funds to a business and is owed money

Frage 3

Frage
Interest is the reward for lending
Antworten
  • True
  • False

Frage 4

Frage
Tick all the short-term sources of finance
Antworten
  • Overdraft
  • Mortgage
  • Trade credit
  • Factoring
  • Hire purchase

Frage 5

Frage
Which two are the long-term sources of finance?
Antworten
  • Trade Credit
  • Bank Loans
  • Factoring
  • Owners Savings

Frage 6

Frage
A business selling assets is an example of an external source of finance.
Antworten
  • True
  • False

Frage 7

Frage
An arrangement with the bank that the business can spend more money than it has in its bank account
Antworten
  • Loan
  • Overdraft

Frage 8

Frage
Which of the following best describes finance?
Antworten
  • Funds for a business
  • Profits for a business
  • Customers for a business

Frage 9

Frage
Grants usually come from private companies
Antworten
  • True
  • False

Frage 10

Frage
What is the most likely source of finance for buying premises?
Antworten
  • Mortgage
  • Factoring
  • A bank loan

Frage 11

Frage
What is the most likely source of finance for a small firm?
Antworten
  • Issuing shares
  • A bank loan
  • A debenture
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