Quiz
SOURCES OF FINANCE - external sources
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Questions in this quiz (11)
1A creditor is ...
- Aan individual or business that has lent funds to a business and is owed money
- Ban individual or business who has borrowed funds from a business and so owes it money
2A debtor is ...
- Aan individual or business who has borrowed funds from a business and so owes it money
- Ban individual or business that has lent funds to a business and is owed money
3Interest is the reward for lending
- ATrue
- BFalse
4Tick all the short-term sources of finance
- AOverdraft
- BMortgage
- CTrade credit
- DFactoring
- EHire purchase
5Which two are the long-term sources of finance?
- ATrade Credit
- BBank Loans
- CFactoring
- DOwners Savings
6A business selling assets is an example of an external source of finance.
- ATrue
- BFalse
7An arrangement with the bank that the business can spend more money than it has in its bank account
- ALoan
- BOverdraft
8Which of the following best describes finance?
- AFunds for a business
- BProfits for a business
- CCustomers for a business
9Grants usually come from private companies
- ATrue
- BFalse
10What is the most likely source of finance for buying premises?
- AMortgage
- BFactoring
- CA bank loan
11What is the most likely source of finance for a small firm?
- AIssuing shares
- BA bank loan
- CA debenture
Information
- Description
- GCSE Business Studies (REVISION) Quiz on SOURCES OF FINANCE - external sources, created by Taisiya Lebedeva on 21/05/2019.
- Author
- Taisiya Lebedeva
- Language
- English
- Views
- 95
- Tags
- Rating
- 4.5 out of 5 · 2 ratings Rate this quiz