IBBM Unit 3 Test - Finance

IBBM Unit 3 Test - Finance

11th Grade

35 Qs

quiz-placeholder

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IBBM Unit 3 Test - Finance

IBBM Unit 3 Test - Finance

Assessment

Quiz

Other

11th Grade

Easy

Created by

Habiba Belguedj

Used 3+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

Which of the options shows a source of owners capital?

Bank Loans

Selling non-current assets

Personal savings

Interest-bearing loans

2.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

When a business sells products it owns, what source of finance is used?

Trade credit

Retained profits

Bank loans

Selling assets

3.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

A business angel provides finance and expertise to small start-ups, such as organizing networking opportunities.

True

False

4.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

A disadvantage of a bank loan as a source of finance is that interest repayments must be made even if the business is making a loss.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

The balance sheet shows an organization's financial position at a specific point in time.

True

False

6.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

The statement of profit or loss shows the amount of earnings from a firm's trading activities.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

Trademarks, copyrights, patents, and goodwill are all examples of intangible assets.

True

False

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