
Financial Needs Quiz
Quiz
•
Social Studies
•
11th Grade
•
Practice Problem
•
Medium
Lesley Burrows
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is start-up capital?
Funds for expanding a business
Funds for paying off debts
Funds for starting a business
Funds for daily operations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does working capital represent?
Long-term investments
Total assets of a business
Cash reserves only
Current assets minus current liabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of long-term expenditure?
Wages
Rent
Buildings
Utilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of using retained profit?
It incurs interest charges
It is not available to existing firms
It reduces available cash for owners
It must be repaid
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of using debt financing?
Unlimited funds available
No repayment required
Quick and easy to arrange
No interest charges
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an overdraft?
A type of long-term loan
A bank allows spending beyond the account balance
A form of equity financing
A method of selling trade receivables
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which source of finance is typically used for real estate?
Debentures
Overdrafts
Mortgages
Trade credit
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