
Finance Quiz
Quiz
•
Business
•
2nd Grade
•
Practice Problem
•
Medium
Breandan O C
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a source of short-term finance?
Bank overdraft
Leasing
Retained earnings
Debentures
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the typical repayment period for short-term finance?
Less than 1 year
1–5 years
5–10 years
Over 10 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which source of finance allows a business to spend more than it has in its current account?
Bank loan
Trade credit
Bank overdraft
Hire purchase
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade credit means:
Buying goods and paying immediately
Buying goods now and paying later
Selling goods on discount
Receiving early payment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One disadvantage of a bank overdraft is:
High interest rates
Low flexibility
Long repayment period
No collateral required
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that delays paying its suppliers is using:
Hire purchase
Trade credit
Leasing
Factoring
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factoring is:
Selling debts to a finance company for immediate cash
Borrowing from a bank
Selling shares
Renting equipment
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