Funding and Finance Requirements Quiz

Funding and Finance Requirements Quiz

1st Grade

8 Qs

quiz-placeholder

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Funding and Finance Requirements Quiz

Funding and Finance Requirements Quiz

Assessment

Quiz

Business

1st Grade

Easy

Created by

Katie Bushell

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the type of funding where a company uses its own profits to finance its operations?

Equity-Funding

Self-Funding

Crowdfunding

Debt-Funding

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the type of funding where a company receives money from the government or non-profit organizations?

Donations

Investments

Grants

Loans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budgeting?

Cooking recipes

Gardening tips

Carefully considering where money is spent

Skydiving techniques

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is budgeting important for a business?

Budgeting is not important for a business

Budgeting helps businesses to plan and allocate resources effectively, track performance, and make informed financial decisions.

Budgeting only adds unnecessary complexity to business operations

Businesses can rely on guesswork instead of budgeting

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the sources of finance for a business?

Bank loans, venture capital, angel investors, crowdfunding, personal savings

Government grants

Borrowing from friends and family

Selling company assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between internal and external sources of finance?

Internal sources come from outside the business, while external sources come from within the business.

Internal sources come from within the business, while external sources come from outside the business.

Internal sources are more reliable than external sources.

Internal sources and external sources are the same thing.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a business obtain finance through equity financing?

Using personal savings to fund the business

Borrowing money from friends and family

Selling shares of the company to investors

Taking out a loan from a bank

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a business obtain finance through debt financing?

Using personal savings of the business owner

Selling company assets to raise money

Borrowing money from banks, financial institutions, or private lenders

Asking employees to invest in the business