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S2 BDL - Financing a Business

Authored by Jessica Suk Ching Martin

Business

9th Grade

Used 2+ times

S2 BDL - Financing a Business
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest in the context of financing a business?

A share of the company's profits

Money paid in addition to the amount of money borrowed

A fixed monthly payment for using banking services

The principal amount of money borrowed from a bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a loan?

A gift of money that does not need to be repaid

A tax imposed on the company's revenue

Money borrowed which must be repaid with interest

A financial reward for the company's employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a grant?

A legal document outlining the terms of employment

Money borrowed from investors in exchange for equity

Money which often does not have to be repaid

A penalty fee for late payment of debts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is debt?

The total assets of a company

An amount of money that is owed (needing to be repaid)

The financial statement of a company

A donation made to the business by a charitable organization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does every business need to get up and running?

A) A business plan

B) Finance

C) A marketing strategy

D) A customer base

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where can a business owner possibly get money to start their Café?

A) Personal savings only

B) Bank loans only

C) Government grants only

D) Personal savings, bank loans, and government grants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of using owner's savings to finance a business?

You have to pay interest on the borrowing

It is paid back in installments

You do not have to pay interest on the borrowing

It has to be paid back to the government

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