Sources of Finance BM3

Sources of Finance BM3

12th Grade

22 Qs

quiz-placeholder

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Sources of Finance BM3

Sources of Finance BM3

Assessment

Quiz

Business

12th Grade

Medium

Created by

Sonny Peart

Used 4+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main source of finance for PLCs is:

Banks

Selling shares

Grants

Personal savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

External sources of finance are raised from inside the business.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of internal finance is selling assets.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using retained profits will incur interest charges.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buy now, pay later, is this form of external finance.

Bank loan

Overdraft

Trade credit

Debt factoring

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Selling trade receivables to another business in order to receive cash is called:

Trade credit

Debt factoring

Liquidation

Overdraft

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making monthly payments in to pay for a fixed asset until it is owned is called:

Leasing

Renting

Hire purchase

Debt

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