Theme 3 Task 1: Review Questions

Theme 3 Task 1: Review Questions

12th Grade

28 Qs

quiz-placeholder

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Theme 3 Task 1: Review Questions

Theme 3 Task 1: Review Questions

Assessment

Quiz

Other

12th Grade

Medium

Created by

Callum Richardson

Used 10+ times

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28 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of the following is an internal source of finance?

Business Angel

Bank

Retained profit

Peer-to-peer funding

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an example of debt?

Personal savings

Venture Capital

Overdraft

Share Capital

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of the following is not a suitable method of finance for a sole trader?

Venture capital

Share capital

Loans

Family and friends

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which term is used when a business pays for the right to use an asset it does not own?

Sale of asset

Leasing

Venture capital

Grants

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of the following sources of finance is available from a bank?

Trade credit

Retained profit

Overdraft

Venture capital

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A firm has a closing balance of (£12 000) at the end of January. In February it has cash inflows of £85 000 and cash outflows of £65 000. What is its closing balance in February?

£8 000

(£8 000)

£32 000

(£32 000)

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which action would improve cash flow?

Increase stock levels

Reduce payables time

Reduce receivables time

Increase advertising

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