Junior Cert Sources of Business Finance
Authored by Stephen Enright
Business
9th - 10th Grade
Used 40+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Internal source of finance is
a type of funding received from other businesses and financial institutions
finance which comes from a business's own resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equity Capital is
money borrowed from external sources and must be repaid with interest
money received by selling shares
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Short term finance is usually paid back no longer than
1 month
6 months
5 years
1 year
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Long term finance is usually repaid
1 to 5 years
6 months to 1 year
5+ years
1 to 3 years
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the bank allows you to withdraw more money from your current account than you have in it, this is a
Trade Creditor
Factoring Debt
Accrued Expense
Bank Overdraft
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade creditor is a person or business to whom your business owes money, this is a
Medium term source of finance
Long term source of finance
Short term source of finance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renting an asset over a number of years while making fixed regular payments
Medium term loan
Bank Overdraft
Hire Purchase
Leasing
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