GCSE Business Finance

GCSE Business Finance

Assessment

Flashcard

Business

11th Grade

Hard

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38 questions

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1.

FLASHCARD QUESTION

Front

Which is NOT a long term source of finance: Personal savings, Bank loan, Share capital?

Back

Trade credit

2.

FLASHCARD QUESTION

Front

Which type of businesses can use share capital as a source of finance? Sole trader, Partnership, Franchise, Public limited company

Back

Public limited company

3.

FLASHCARD QUESTION

Front

Would the following business need short term or long term finance? Redecorating your restaurant

Back

Short term source of finance

4.

FLASHCARD QUESTION

Front

Why is retained profit the ideal source of capital to fund growth?

Back

You don't have to pay interest on the money used

5.

FLASHCARD QUESTION

Front

receivables are .....

Back

customers that owes the business money.

6.

FLASHCARD QUESTION

Front

A non-current asset is .....

Back

Something that a business owns for more than one year.

7.

FLASHCARD QUESTION

Front

A non-current liability is .....

Back

Something that a business owes for more than a year.

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