CAM Business AS level (Cindy 17.12.2024)
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Business
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65 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Why do businesses need finance to start up?
To increase profits
To buy premises, equipment, and raw materials
To reduce taxes
To manage customer relationships
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is start-up capital?
Money required for daily operations
Money required to begin operating
Money required for marketing campaigns
Money required for employee salaries
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Why do businesses need finance for growth or expansion?
To increase profits
To acquire additional premises or equipment
To reduce taxes
To manage customer relationships
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the distinction between short-term and long-term finance?
Short-term finance is repayable within 5 years
Short-term finance is repayable within 12 months
Long-term finance is repayable within 1 year
Long-term finance is repayable within 6 months
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the difference between cash and profit?
Cash is money in the form of notes and coins
Cash is the surplus after all costs have been paid
Profit is money in the form of notes and coins
Profit is the total sales revenue
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is working capital?
Current liabilities minus current assets
Current assets minus current liabilities
Long-term liabilities minus current assets
Long-term assets minus current liabilities
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is positive working capital?
Current liabilities exceed current assets
Current assets exceed current liabilities
Long-term liabilities exceed current assets
Long-term assets exceed current liabilities
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