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GG: SECTION 5 :Financial Information and Decisions FLASHCARDS

GG: SECTION 5 :Financial Information and Decisions FLASHCARDS

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Ganbileg Galbadrakh

FREE Resource

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60 questions

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1.

FLASHCARD QUESTION

Front

What is start-up capital?

Back

The finance needed by a new business to pay for essential non-current and current assets before it can begin trading.

2.

FLASHCARD QUESTION

Front

What is working capital?

Back

The finance needed by a business to pay for its day-to-day activities.

3.

FLASHCARD QUESTION

Front

What is capital expenditure?

Back

Money spent on non-current assets which will last for more than one year.

4.

FLASHCARD QUESTION

Front

What is revenue expenditure?

Back

Money spent on day-to-day expenses which do not involve the purchase of a long-term asset, for example, wages or rent.

5.

FLASHCARD QUESTION

Front

What is internal finance?

Back

Finance obtained from within the business itself.

6.

FLASHCARD QUESTION

Front

What is external finance?

Back

Finance obtained from sources outside of and separate from the business.

7.

FLASHCARD QUESTION

Front

What is micro-finance?

Back

Providing financial services - including small loans - to poor people not served by traditional banks.

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