Theme 2 Retrieval Challenge Matrix

Define the term ‘peer-to-peer’.

• A network where each computer can act as both a client and a server

• A network with a central server controlling all resources

• A network used only for sending emails

• A network that connects only wireless devices

A business would get an overdraft from:

• A supplier

• A customer

• A bank

• An employee

Retained profits are:

• Profits distributed to shareholders as dividends

• Profits kept in the business after dividends are paid

• Profits before any expenses are deducted

• Profits earned from selling fixed assets

A business might sell which of the following assets to raise finance?

• Machinery and equipment

• Employee contracts

• Customer reviews

• Company mission statement

A bank loan in a small business start-up might be used for:

• Purchasing equipment

• Taking a vacation

• Paying personal bills

• Donating to charity

Types of share capital include:

• Equity share capital and preference share capital

• Debentures and bonds

• Fixed assets and current assets

• Revenue and expenses

Trade credit works as:

• A loan from a bank to a business.

• A short-term agreement where a buyer purchases goods on account and pays the supplier at a later date.

• A type of insurance for exported goods.

• A method of paying employees in advance.

Grants are:

• Loans that must be repaid

• Funds given for a specific purpose that do not need to be repaid

• Taxes collected by the government

• Investments in the stock market

Crowdfunding works by:

• Raising small amounts of money from a large number of people, typically via the Internet.

• Borrowing money from a single bank.

• Investing in stocks and bonds.

• Receiving government grants only.

Liability: which option gives the best overall definition?

• The legal responsibility for another's actions.

• The legal responsibility for a particular wrongdoing.

• Easy to sue somebody.