Holly Hamilton
Quiz by , created more than 1 year ago

For revision , it's all about finance Enjoy lads

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Holly Hamilton
Created by Holly Hamilton about 8 years ago
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Finance

Question 1 of 10

1

What is Finance for?

Select one or more of the following:

  • To start up, run and expand a business

  • Cost & Profit

  • Revenue, cost and profit

Explanation

Question 2 of 10

1

What is short term finance?

Select one or more of the following:

  • It means the amount needs to pay any time you want

  • Short time means a short amount of profit

  • Short time finance means an amount of money paid back in an amount of time but not much, e.g : a year

Explanation

Question 3 of 10

1

What is long term finance?

Select one or more of the following:

  • Long term finance is a large amount of money paid back within a year

  • It means that an amount of money paid within over a few years, longer than short time

Explanation

Question 4 of 10

1

What is an internal source?

Select one or more of the following:

  • When funds are found outside the business

  • When funds are found inside the business

Explanation

Question 5 of 10

1

What is an external source?

Select one or more of the following:

  • Funds found outside the business

  • Funds found inside the business

  • Funds found from another shareholder

Explanation

Question 6 of 10

1

What's an overdraft?

Select one or more of the following:

  • When you put money onto your credit card

  • Where a bank allows a firm to take out more money than it has in its bank account

  • When you're in debt

Explanation

Question 7 of 10

1

What is revenue?

Select one or more of the following:

  • The profit of a business

  • X + X = revenue

  • Revenue is the income earned by a business over a period of time

Explanation

Question 8 of 10

1

How do you work out revenue?

Select one or more of the following:

  • revenue = price + quantity

  • revenue = price x quantity

  • revenue = price / quantity

Explanation

Question 9 of 10

1

What is profit?

Select one or more of the following:

  • Revenue x 2

  • Whatever's left of the revenue

Explanation

Question 10 of 10

1

How do you work out revenue?

Select one or more of the following:

  • profit = total revenue + total costs

  • profit = total revenue - total costs

  • profit = total revenue / total costs

Explanation

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