WT13_Overdraft and Trade credit

WT13_Overdraft and Trade credit

9th Grade

5 Qs

quiz-placeholder

Similar activities

Development of Financial Accounting Environment

Development of Financial Accounting Environment

KG - University

10 Qs

FM-W2&3

FM-W2&3

1st Grade - University

10 Qs

HT Emp 3.2

HT Emp 3.2

9th Grade

10 Qs

3rd Peer Review Session: Social Media Marketing

3rd Peer Review Session: Social Media Marketing

1st - 10th Grade

10 Qs

Firms

Firms

8th Grade - University

10 Qs

Forms of retail businesses

Forms of retail businesses

9th - 11th Grade

10 Qs

S3 Spreadsheets - Absolute Cell References

S3 Spreadsheets - Absolute Cell References

9th Grade

10 Qs

Decision Making

Decision Making

9th Grade

9 Qs

WT13_Overdraft and Trade credit

WT13_Overdraft and Trade credit

Assessment

Quiz

Business

9th Grade

Medium

Created by

m sa

Used 2+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an overdraft?

A type of crowdfunding

When a firm withdraws more money than it has in its account

An agreement to pay suppliers later

A loan with fixed interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key advantage of trade credit?

It allows immediate cash transactions

It guarantees discounts on purchases

It provides an interest-free means of raising funds

It requires payment upfront

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of crowdfunding?

There is strong competition for attention

It is always free of fees

It allows businesses to maintain full control

It is a guaranteed source of funding

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if a business exceeds its overdraft limit?

They must pay back the overdraft immediately

They receive a lower interest rate

They may incur higher additional costs

They are automatically granted more funds

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk of a failed crowdfunding campaign?

The business can relist the project

It indicates a poor business plan

It guarantees future funding opportunities

It results in a refund of fees paid