Formative Assessment Topic 2&3 Short term & Long term Financing

Formative Assessment Topic 2&3 Short term & Long term Financing

University

12 Qs

quiz-placeholder

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Formative Assessment Topic 2&3 Short term & Long term Financing

Formative Assessment Topic 2&3 Short term & Long term Financing

Assessment

Quiz

Business

University

Medium

Created by

CtZakiah B

Used 6+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is two type sources of short-term credit?

Unsecured funding and Secured funding

Secured funding and sure funding

Unsure funding and Unsecured funding

Sure funding and Unsure finding

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is Unsecured funding?

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is Secured funding?

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Gives an example of unsecured funding.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Give an example of secured funding.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Iskandar Company required additional funds of RM 450,000 to expand its business and target to settle it in 9 months. Suppose Squid Bank offers 8% for a discounted loan to Iskandar Company and needs 20% for the balance of compensation in the Squid Bank account. Calculate Amount Received (AR).

RM 451,000

RM452,000

RM453,000

RM450,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Iskandar Company required additional funds of RM 450,000 to expand its business and target to settle it in 9 months. Suppose Squid Bank offers 8% for a discounted loan to Iskandar Company and needs 20% for the balance of compensation in the Squid Bank account. Calculate Amount Borrow (AB).

RM607,108.11

RM608,108.11

RM609,000.11

RM610,000.11

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