0264 iGCSE Business - Unit 5: End of Topic Quiz

What are assets in a business context?

• Items of value owned by a business.

• A sum of money obtained from a bank.

• The cash inflows and outflows over a period of time.

• A short-term source of flexible finance.

What is a bank loan?

• A short-term source of flexible finance.

• The cash inflows and outflows over a period of time.

• A sum of money obtained from a bank which must be repaid, and on which interest is payable.

• Items of value owned by a business.

How is a bank overdraft defined?

• The cash inflows and outflows over a period of time.

• A short-term source of flexible finance which allows more money to be drawn out of the bank account than there is money in the account.

• Items of value owned by a business.

• A sum of money obtained from a bank which must be repaid.

What does cash flow refer to?

• A sum of money obtained from a bank.

• Items of value owned by a business.

• The cash inflows and outflows over a period of time.

• A short-term source of flexible finance.

What is a cash flow forecast?

• An estimate of future cash inflows and outflows of a business, usually on a month-by-month basis.

• The sums of money received by a business during a period of time.

• The cash held by the business at the end of each period of time.

• The cost of producing or buying in the goods actually sold by the business during a time period.

What are cash inflows?

• The sums of money paid out by a business during a period of time.

• The sums of money received by a business during a period of time.

• The cash held by the business at the end of each period of time.

• The cost of producing or buying in the goods actually sold by the business during a time period.

What are cash outflows?

• The sums of money paid out by a business during a period of time.

• The sums of money received by a business during a period of time.

• The cash held by the business at the end of each period of time.

• The cost of producing or buying in the goods actually sold by the business during a time period.

What is the closing balance?

• The sums of money paid out by a business during a period of time.

• The sums of money received by a business during a period of time.

• The cash held by the business at the end of each period of time.

• The cost of producing or buying in the goods actually sold by the business during a time period.

What is the cost of sales?

• The sums of money paid out by a business during a period of time.

• The sums of money received by a business during a period of time.

• The cash held by the business at the end of each period of time.

• The cost of producing or buying in the goods actually sold by the business during a time period.

What is crowdfunding?

• Funding a business venture by raising money from a large number of people who each contribute a relatively small amount, typically via the internet.

• Obtaining funds from a single investor.

• Using personal savings to fund a business.

• Receiving a government grant for business purposes.