IB B&M 3.1 Review: Sources of Finance
Authored by Kenneth Browder
Business
11th - 12th Grade
Used 114+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an internal source of finance?
Retained Profits
Overdraft
Trade Credit
Share Capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an internal source of finance?
Money obtained from sources within the business.
Money obtained from sources outside of the business.
Money obtained from sources above the business.
Money obtained from sources below the business.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an external source of finance?
Money obtained from sources within the business.
Money obtained from sources outside of the business.
Money obtained from sources above the business.
Money obtained from sources below the business.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Source of finance mostly used by sole traders:
Personal funds
Retained profit
Share capital
Debentures
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of loan that is paid back over a long period of time at a fixed rate of interest:
Personal funds
Retained profit
Share capital
Debentures
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money raised from sale of shares of a limited company:
Personal funds
Retained profit
Share capital
Debentures
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Source of finance from a firm’s money after it has paid taxes, dividends, and other expenses to reinvest back into a business:
Personal funds
Retained profit
Share capital
Debentures
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