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5273679
Finance
Descrição
For revision , it's all about finance Enjoy lads
Sem etiquetas
gcse
Quiz por
Holly Hamilton
, atualizado more than 1 year ago
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Criado por
Holly Hamilton
aproximadamente 8 anos atrás
61
5
1
Resumo de Recurso
Questão 1
Questão
What is Finance for?
Responda
To start up, run and expand a business
Cost & Profit
Revenue, cost and profit
Questão 2
Questão
What is short term finance?
Responda
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
Questão 3
Questão
What is long term finance?
Responda
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
Questão 4
Questão
What is an internal source?
Responda
When funds are found outside the business
When funds are found inside the business
Questão 5
Questão
What is an external source?
Responda
Funds found outside the business
Funds found inside the business
Funds found from another shareholder
Questão 6
Questão
What's an overdraft?
Responda
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
Questão 7
Questão
What is revenue?
Responda
The profit of a business
X + X = revenue
Revenue is the income earned by a business over a period of time
Questão 8
Questão
How do you work out revenue?
Responda
revenue = price + quantity
revenue = price x quantity
revenue = price / quantity
Questão 9
Questão
What is profit?
Responda
Revenue x 2
Whatever's left of the revenue
Questão 10
Questão
How do you work out revenue?
Responda
profit = total revenue + total costs
profit = total revenue - total costs
profit = total revenue / total costs
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