BUSINESS FINANCE

BUSINESS FINANCE

University

15 Qs

quiz-placeholder

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BUSINESS FINANCE

BUSINESS FINANCE

Assessment

Quiz

Business

University

Hard

Created by

Muhammad Azim bin Zainal Alam

Used 28+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of financial planning for business activities?

To ensure the availability of funds for business activities

To reduce the cost of production

To increase the number of employees

To expand the business to new locations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between capital and revenue expenditure?

Capital expenditure involves reducing the cost of production, while revenue expenditure involves increasing the number of employees

Capital expenditure involves spending on all costs and assets other than fixed assets, while revenue expenditure involves the purchase of assets that are expected to last more than one year

Capital expenditure involves the purchase of assets that are expected to last more than one year, while revenue expenditure involves spending on all costs and assets other than fixed assets

Capital expenditure involves generating increasing sales, while revenue expenditure involves increasing revenue to impact on overall profit levels

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of working capital to a business?

It helps in reducing the cost of production

It ensures the availability of funds for business activities

It helps in managing everyday expenses and prevents the business from becoming illiquid

It is used for expanding the business to new locations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different sources of long, medium, and short-term finance?

Government grants only

Both internal and external sources

External sources only

Internal sources only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role played by the main financial institutions?

To increase the liabilities or debts of the business

To reduce the cost of financing for businesses

To provide advice, contacts, and experience to small to medium-sized businesses

To manage the day-to-day operations of the business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of working capital?

The finance needed for everyday expenses

The purchase of assets that are expected to last more than one year

The ability of a firm to be able to pay its short-term debts

The purchase of essential capital equipment for the business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main short-term sources of finance?

Bank overdrafts and venture capital

Bank loans and creditors from suppliers

Debt factoring and trade credit

Micro-finance and grants from government agencies

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