IBBM Unit 3 Test - Finance
Authored by Habiba Belguedj
Other
11th Grade
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35 questions
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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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