16789073
Descrição
Quiz por Thea Friend, atualizado more than 1 year ago
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Criado por Thea Friend
mais de 5 anos atrás
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Questão 1
Questão
What is an overdraft?
Responda
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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
Questão 2
Questão
Out of the following which is the long term sources of finance?
Responda
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Bank loans, Mortgage , Government grants
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Overdraft, trade credit, factoring
Questão 3
Questão
is a mortgage= a special type of loan for buying property where monthly payments are spread over a number of years
Responda
- True
- False
Questão 4
Questão
What is a grant?
Responda
-
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
Questão 5
Questão
is a loan short term?
Responda
- True
- False
Questão 6
Questão
what is an external source?
Responda
-
found outside the business eg. creditors or banks
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finance or funds found inside the business
Questão 7
Questão
What is factoring?
Responda
-
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
Questão 8
Questão
Is external sources of finance found outside the business?
Responda
- True
- False
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