Finance for business growth
Authored by Clare Foster
Business
10th - 11th Grade
Used 24+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Profit that a business has saved from previous years is known as
Net profit
Gross profit
Retained profit
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A disadvantage of using retained profit to grow the business is..
You have to repay it
It can slow the rate of business growth down
Its very risky
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The benefits of using retained profit to fund business growth are.
It doesn't have to be repaid
Its quick
You don't have to pay interest
Its low risk
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Retained profit is
An internal source of finance
An external source of finance
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An asset is
Money in the bank
Something a business owns such as buildings or vehicles
Something a business owes to the bank
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Selling assets is
An internal source of finance
An external source of finance
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A benefit of selling assets to raise capital is
It is a quick way to raise capital
It has to be repaid
You can raise unlimited amounts of capital
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