Finance Quiz 1

Descrição

True False questions - basic finance questions
Michelle Parker
Quiz por Michelle Parker, atualizado more than 1 year ago
Michelle Parker
Criado por Michelle Parker quase 3 anos atrás
5
0

Resumo de Recurso

Questão 1

Questão
Short term finance is money borrowed for one year or less
Responda
  • True
  • False

Questão 2

Questão
Long term finance is money borrowed for more than two years?
Responda
  • True
  • False

Questão 3

Questão
Funds are most needed when first setting up a business. This is because a lot of resources are needed before trading can begin. Some of these resources are 'one-off' items. For example, a new restaurant would need to buy cookers, refrigerators, utensils, furniture, glassware and other equipment including knives, forks and plates. Other start-up costs might include research, converting premises, legal fees, website design and marketing,
Responda
  • True
  • False

Questão 4

Questão
Bank Overdraft - allows a business to borrow an unlimited amount of money over an unlimited period
Responda
  • True
  • False

Questão 5

Questão
A disadvantage of using credit cards to borrow money to support a business is that interest rates can be very high is the borrowed amount is not repaid within the given period - usually 56 days?
Responda
  • True
  • False

Questão 6

Questão
Share capital is an external, long term type of finance, which avoids the need to pay interest charges?
Responda
  • True
  • False

Questão 7

Questão
Internal sources of finance include: RETAINED PROFIT, SALE OF ASSETS AND PERSONAL SAVINGS
Responda
  • True
  • False

Questão 8

Questão
A MORTGAGE is a long term loan secured against a business?
Responda
  • True
  • False

Semelhante

Business Studies Unit 1
emily.mckechnie
Business Studies Unit 2
tara.springate
1.3.1 Characteristics of Successful Entrepreneurs
Molly Hills
Unit 1: Business Studies GCSE
Libby Rose
Unit 3 Business Studies
Lauren Thrower
BUSS1
Sophie Davis
The skills needed to be a successful entrepreneur
rhiannafordx
The skills needed to be a successful entrepreneur
Rosie Wallis
AS - Buss1 - Formula Cards
Sophie Davis
How to Turn Business Failure into Business Success
Micheal Heffernan
Chapter 40: Promotion
19leesia