Taisiya Lebedeva
Quiz by , created more than 1 year ago

GCSE Business Studies (REVISION) Quiz on SOURCES OF FINANCE - external sources, created by Taisiya Lebedeva on 21/05/2019.

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Taisiya Lebedeva
Created by Taisiya Lebedeva almost 5 years ago
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SOURCES OF FINANCE - external sources

Question 1 of 11

1

A creditor is ...

Select one or more of the following:

  • 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

Explanation

Question 2 of 11

1

A debtor is ...

Select one of the following:

  • 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

Explanation

Question 3 of 11

1

Interest is the reward for lending

Select one of the following:

  • True
  • False

Explanation

Question 4 of 11

1

Tick all the short-term sources of finance

Select one or more of the following:

  • Overdraft

  • Mortgage

  • Trade credit

  • Factoring

  • Hire purchase

Explanation

Question 5 of 11

1

Which two are the long-term sources of finance?

Select one or more of the following:

  • Trade Credit

  • Bank Loans

  • Factoring

  • Owners Savings

Explanation

Question 6 of 11

1

A business selling assets is an example of an external source of finance.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 11

1

An arrangement with the bank that the business can spend more money than it has in its bank account

Select one of the following:

  • Loan

  • Overdraft

Explanation

Question 8 of 11

1

Which of the following best describes finance?

Select one or more of the following:

  • Funds for a business

  • Profits for a business

  • Customers for a business

Explanation

Question 9 of 11

1

Grants usually come from private companies

Select one of the following:

  • True
  • False

Explanation

Question 10 of 11

1

What is the most likely source of finance for buying premises?

Select one or more of the following:

  • Mortgage

  • Factoring

  • A bank loan

Explanation

Question 11 of 11

1

What is the most likely source of finance for a small firm?

Select one of the following:

  • Issuing shares

  • A bank loan

  • A debenture

Explanation

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