16789073
Descripción
Test por Thea Friend, actualizado hace más de 1 año
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Creado por Thea Friend
hace más de 5 años
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Pregunta 1
Pregunta
What is an overdraft?
Respuesta
-
An arrangement with the bank that the business can spend more money than it has in its bank account
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an amount of money borrowed from a bank or other lenders
Pregunta 2
Pregunta
Out of the following which is the long term sources of finance?
Respuesta
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Bank loans, Mortgage , Government grants
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Overdraft, trade credit, factoring
Pregunta 3
Pregunta
is a mortgage= a special type of loan for buying property where monthly payments are spread over a number of years
Respuesta
- True
- False
Pregunta 4
Pregunta
What is a grant?
Respuesta
-
where a bank allows a firm to take out more money than in its bank account
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where suppliers deliver goods now and are willing to wait for a number of days before payment
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when charities or the government help a business get started
Pregunta 5
Pregunta
is a loan short term?
Respuesta
- True
- False
Pregunta 6
Pregunta
what is an external source?
Respuesta
-
found outside the business eg. creditors or banks
-
finance or funds found inside the business
Pregunta 7
Pregunta
What is factoring?
Respuesta
-
where a firm sells their invoices to a factor such as a bank
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where a supplier delivers goods and are willing to wait a number of days for payment
Pregunta 8
Pregunta
Is external sources of finance found outside the business?
Respuesta
- True
- False
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