Grade 9 Business - End of Term Quiz Revision

Grade 9 Business - End of Term Quiz Revision

Multiple Choice

Buying / selling with companies online is an example of...

• Borrowing

• Saving

• Investing

Multiple Select

Select all the financial products that you can get from a bank.

• Loan

• Overdraft

• Gold

• Mortgage

Multiple Choice

What is the disadvantage of having a credit card?

• Expensive fees have to be paid to the bank if you don't pay back the money.

• Quick and easy to use

• Can be used in emergencies

Multiple Choice

A budget is always 100% accurate.

• True

• False

Multiple Choice

Which is not a benefit of budgeting?

• Helps people plan for the future.

• Helps you know the exact amount of income and spending.

• People can prepare for financial emergencies.

Multiple Choice

Ahmed runs a bakery in business in Dubai. He plans to open another bakery in Abu Dhabi. He will need 40,000 aed. Why does he need finance?

• Start-up costs

• Day-to-day costs

• Expansion / growth

• Cashflow problems

Multiple Choice

In May, Amina's clothing store made 10000 AED. After paying all her bills and wages to her workers, she has 5000 AED left over. This is an example of...

• Owner's savings

• Retained profits

• Fixed assets

Multiple Select

Choose all the internal sources of finance. (From within the business)

• Owner's savings

• Working capital

• Bank loan

• Fixed assets (owner's home / land)

Multiple Choice

Pay salary to your employees is an example of...

• Capital expenditure

• Revenue expenditure