
6 Summary Test 1
Authored by Jonathan Stokes
Business
3rd Grade
Used 12+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an internal source of finance?
Selling unwanted assets
Issuing new shares
Hire purchase
Loan from family and friends
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following potential problems might a business start-up encounter when trying to organise a bank loan?
The loan would need to be repaid in a lump sum
The bank will offer advice to the entrepreneur
Banks may require an asset as collateral
No interest would be charged on the loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following legal structures could finance expansion by issuing new shares via the stock market?
A sole trader
A partnership
A private limited company
A public limited company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is another name for an outflow in a cash flow forecast?
Receipt
Payment
Deficit
Surplus
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An extract from a firm’s cash flow forecast for April is shown in the table below:
£47,726
£52,497
£57,268
£102,774
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When running a business, which of the following statements is true?
Profit is more important than cash in the short term
Cash flow forecasts predict the profit available to spend in a business
Profits can be used to reward the owners of a business
An unprofitable business cannot survive in the short term
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would appear in the equity section of the statement of financial position?
Share capital
Tax due
Revenue
Overdraft
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