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National 5 Business - Finance Quiz

Authored by Abbi Anderson

Business

12th Grade

40 Questions

Used 18+ times

National 5 Business - Finance Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the finance department responsible for?

looking after employees

communicating with customers

manufacturing the products

managing the business finances

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bank overdraft?

plastic card which authorises payments

sum of money borrowed for a property

limit placed on your bank account which allows you to take out more that you have in it

money kept back every year from profits and reinvested in the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an advantage of a bank loan?

interest charged

repaid in instalments

arranged relatively quickly

repaid over a period of time

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a disadvantage of a grant?

doesn't need to be repaid

may not be awarded it

need to meet criteria

not the largest amount of money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which source of finance is only for limited companies?

bank loan

share issue

mortgage

venture capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which source of finance is best for high potential start up businesses?

bank loan

loan from family and friends

venture capital

savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mark is needing to purchase a new van, which source of finance would you suggest?

bank loan

mortgage

hire purchase

debenture

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