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ECO 201 MC2-2016 W8

Total questions: 15

Worksheet time: 14mins

Name
Class
Date
1.

Business Funds come from

a)

A/ Self Funds

b)

B/ Seek Funds

c)

C/ Corporate Funds

d)

A & B

e)

B & C

2.

Self Funding: use your own money such as.....

a)

Savings

b)

Personal debt

c)

Sell/lease assets to generate cash

d)

All

3.

How many main ways to raise funds

a)

6

b)

5

c)

3

d)

4

4.

Venture capital

a)

supply money to small startup, and will go out of business within a few months or year (SHARKS, VINA CAPITAL, MEKONG CAPITAL…)

b)

supply advice to small startup, and will go out of business within a few months or year (SHARKS, VINA CAPITAL, MEKONG CAPITAL…)

c)

supply money, advice to small startup, and will go out of business within a few months or year (SHARKS, VINA CAPITAL, MEKONG CAPITAL…)

d)

run the startup, and will go out of business within a few months or year (SHARKS, VINA CAPITAL, MEKONG CAPITAL…)

5.

Reinvesting profits

a)

Companies choose to reinvest some of these profits in FF&E

b)

Companies choose to reinvest some of these profits in equipment, structures, and research and development

c)

Companies choose to reinvest 70% of these profits in equipment, structures, and research and development

d)

Companies choose to reinvest all of these profits in equipment, structures, and research and development

6.

When a firm has a good record of revenues, firm can borrow money.

a)

YES

b)

NO

7.

Bank loan: repay + interest

a)

YES for small businesses

b)

YES for big businesses

c)

NO for small businesses

8.

Bonds: is a contract a borrower repays the lenders (for large businesses )

a)

YES

b)

NO

9.

Selling stock means.....

a)

Raise funds through the sale of stock or the issuance of bonds

b)

Raise funds through the buy of stock or the issuance of bonds.

c)

Raise funds through the sale of company products and services other

d)

Raise funds through the sale of stock or borrow money from the bank

10.

Stock represents.......

a)

ownership (shareholders) of a firm

b)

ownership (stakeholders) of a firm

c)

numbers of products & services that the shareholders has from a firm

d)

total numbers of products & services that a firm owns

11.

Which statement is correct

a)

Banks are a financial intermediary because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks, and repay the loans with interest.

b)

Savers are a financial intermediary because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks, and repay the loans with interest.

c)

Borrowers are a financial intermediary because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks, and repay the loans with interest.

d)

Banks are a financial intermediary because they stand between savers and borrowers. Borrowers place deposits with banks, and then receive interest payments and withdraw money. Savers receive loans from banks, and repay the loans with interest.

12.

Rooms are being charged differently due to....... ( seasonal, peak or off peak are excluded)

a)

View, Size, Location/Floor, Facilities/Decoration, Full services

b)

View, Size, Location/Floor, Facilities/Decoration, Full or limited services

c)

View, Size, Full services, Location/Floor, Facilities/Decoration

d)

View, Size, Location/Floor, Facilities/Decoration,

13.

Types of hotel room rats

a)

A/

•Rack Rate

•Corporate or Commercial Rate

•Group Rate

•Promotional Rate

•Incentive Rate

b)

B/

•Early bird Rate

•Package Rate

•Family Rate

•Best Available rates ( BAR )

c)

A&B

d)

C/

•Early Departure Rate

•Package & Promotion Rate

•Family & Company Rate

•Best Available rates ( BAR )

e)

B&C

14.

Which statement is correct

a)

Set revenue higher to make more money but potentially lose the revenue

b)

Set prices higher to make more revenue but potentially lose the sale,

c)

Set quality higher to make more revenue but potentially lose the sale,

d)

Set prices higher to make more profit but potentially lose the sale,

15.

Which statement is true

a)

set prices lower to make the profit but leave some money on the table.

b)

set revenue lower to make the sale but leave some money on the table.

c)

set prices lower to make the sale but leave some money on the table.

d)

set prices lower to make the sale but guests wont come back