SOURCES OF FINANCE - external sources

Descrição

GCSE Business Studies (REVISION) Quiz sobre SOURCES OF FINANCE - external sources, criado por Taisiya Lebedeva em 21-05-2019.
Taisiya Lebedeva
Quiz por Taisiya Lebedeva, atualizado more than 1 year ago
Taisiya Lebedeva
Criado por Taisiya Lebedeva mais de 5 anos atrás
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Resumo de Recurso

Questão 1

Questão
A creditor is ...
Responda
  • 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

Questão 2

Questão
A debtor is ...
Responda
  • 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

Questão 3

Questão
Interest is the reward for lending
Responda
  • True
  • False

Questão 4

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

Questão 5

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

Questão 6

Questão
A business selling assets is an example of an external source of finance.
Responda
  • True
  • False

Questão 7

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

Questão 8

Questão
Which of the following best describes finance?
Responda
  • Funds for a business
  • Profits for a business
  • Customers for a business

Questão 9

Questão
Grants usually come from private companies
Responda
  • True
  • False

Questão 10

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

Questão 11

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

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