

GCSE Business Finance
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
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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