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WorksheetsS3 Finance
Total questions: 12
Worksheet time: 6mins
What two factors would a business take into consideration when choosing a type of finance?
How much they need
What the money is needed for
The type of organisation
The number of shareholders
Owners own savings are...
Internal
External
Short term types of finance are paid back in less than...
3 years
4 years
5 years
2 years
Long term types of finance are paid back in more than...
3 years
4 years
5 years
6 years
A grant from the government does not need to be paid back
True
False
What type of finance is this? "Buying an item now and paying for it later, usually with an initial deposit and the rest paid in installments"
Leasing
Hire Purchase
Trade Credit
What type of finance is this? "You pay a ‘rental’ amount to the owner of the product in order to use this in your business"
Leasing
Hire Purchase
Trade Credit
What type of finance is this? "Suppliers allow you to purchase goods and pay for them later – usually after 30 days"
Leasing
Hire Purchase
Trade Credit
A mortgage is used to purchase...
Delivery vans
Property
Machinery
Raw materials
Select the external sources of finances
Grant
Owner's own savings
Retained profits
Bank loan
What source of finance allows you to purchase goods and pay for them 30 days later?
Trade Credit
Hire Purchase
Leasing
What do you have to pay if you use an overdraft? (Pick 2)
Interest
Overdraft usage fee
The bank
An online fee
