Business Finance Quiz

What is the duration of the Starter Activity mentioned in the document?

• 5 mins

• 6 mins

• 10 mins

• 15 mins

What is the purpose of identifying sources of finance in the lesson?

• To reduce costs

• To start a business

• To increase profits

• To expand the business

What is the expected outcome for most students by the end of the lesson?

• Create a new product

• Analyze the impact of using various sources to start a new business successfully

• Develop a financial report

• Conduct a market survey

What is the term for raising small amounts of money from a large number of people, typically via the internet?

• Mortgage

• Crowdfunding

• Overdraft

• Loan from family or friends

Which of the following is NOT a source of finance mentioned in the diagram?

• Bank loan

• Crowdfunding

• Venture capital

• Mortgage

Which internal source of finance involves reducing inventory levels?

• Cut down stock levels

• Retained Profits

• Sales of Existing Assets

• Factoring

What is the main advantage of using personal savings as a source of finance?

• It needs to be repaid with interest.

• It does not need to be paid back.

• It requires collateral.

• It is only available for short-term needs.

What is the instruction word "EXPLAIN" associated with?

• Providing a brief summary

• Giving factual details and examples

• Listing pros and cons

• Offering a personal opinion