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Worksheets3.1 Worst quiz
Total questions: 36
Worksheet time: 14mins
Name
Class
Date
1.
What is life?
a)
To be
b)
Not to be
c)
e=mc2
d)
Ack
e)
no u
2.
How can a business receive a government grant?
a)
Apply for it
b)
Send a prank call
c)
Threaten to bomb the government
d)
go do a one-man demonstration
3.
Is sponsorship desirable?
a)
Yes
b)
No
4.
How many major components does the working capital cycle have?
a)
5
b)
2
c)
6
d)
4
e)
3
5.
What is a financial support received from a sponsor
a)
Sponsorship
b)
Grants
c)
Subsidy
d)
Venture captial
e)
scholarship
6.
Venture Capital is a '_____' finance provided by investors to support '_____'
a)
Low Risk / Social Issues
b)
High Risk / Business Ethics
c)
Low Risk / Business Creation & Growth
d)
High Risk / Business Creation & Growth
7.
Family and friend tend to prefer an equity interest in business
a)
true
b)
false
8.
Who are Micro-Finance programs targeted on?
a)
Low-income individuals
b)
Mr.Shipley
c)
Microwave
d)
Developing Businesses
9.
Trade credit is a system of barter or exchange of "credits" instead of cash.
a)
true
b)
false
10.
Loan Capital is money needed to run a business which is raised from borrowing rather than shares
a)
true
b)
false
11.
Trade credit is the most widely used source of short-term financing.
a)
true
b)
false
12.
Venture Capitalists generally expect '____' in return
a)
Ownership Equity
b)
Solutions to Ethical Issues
c)
Future Profits
d)
BANANAS!!
13.
Debt factoring is an alternative term to invoice factoring
a)
true
b)
false
14.
Which of the following is true about debt factoring?
a)
Debt factoring speeds up the business growth
b)
Debt factoring does not save time and minimise debt-chasing admin
c)
Mr.Shipley likes debt factoring
d)
Mr.Shipley does not like debt factoring
15.
What is not a feature of retained profit?
a)
May be reinvested into the business
b)
It is the amount of net income left over
c)
They can be both positive and negative
d)
They can only be used for research & development of the company
16.
Which of these is an advantage of selling assets?
a)
Your number of assets increase once one is sold
b)
You get a loan which must be paid back within a year
c)
You receive money in hand once finalised.
17.
Which of these isn't an asset that you would sell?
a)
Epic car
b)
Apartment
c)
Dog/cat
d)
This question
18.
What is share capital?
a)
Assistance given to business, but with intention of helping society.
b)
Allows a business to temporarily draw out more than the funds in their bank account.
c)
Money raised from selling company shares
d)
A measure of the a company's financial strength
19.
What is Debentures?
a)
Low-income individuals
b)
Low Risk / Social Issues
c)
Venture captial
d)
a long-term security yielding a fixed rate of interest, issued by a company and secured against assets.
20.
What types of businesses would business angels want to fund?
a)
Companies earn stable profit
b)
Sole-traders or companies that cannot
c)
Oof
d)
They Crack Each other up hahahahhahahahahahahaah
21.
Which of the following is not an example of government subsidy?
a)
welfare payments
b)
unemplyment benefits
c)
building private buildings
22.
Are government subsidies provided to farmers?
a)
true
b)
false
23.
Which of these are examples of donations?
a)
A Government Bank loan
b)
Financial advising support
c)
A large gifted sum of money
24.
Do government subsidies affect price?
a)
true
b)
false
25.
Which one is the definition of a donation?
a)
financial gifts to a company
b)
no answer given
c)
no answer given
d)
whoever did this was lazy
26.
For what purpose are government subsidies provided?
a)
to ensure the availability of necessary goods and services.
b)
to earn money
27.
Minimum rental payments are the same as minimum lease payments
a)
true
b)
false
28.
What is the definition of a donation
a)
A financial gift for a business
b)
A financial gift or service fo a business
29.
What is "Hire Purchase"?
a)
It happens when you sell or transfer the assets in your company, rather than shares or stock
b)
A system by which one pays for a thing in regular installments while having the use of it
30.
What are examples of "Hire Purchase"?
a)
cash down payment
b)
selling buildings
c)
selling machines
31.
Which of the following is the most suitable reason for using personal finance?
a)
Insufficient internal sources of finance
b)
Insufficient external sources of finance
c)
There is no interest obligation
d)
To please the owners (shareholders) of a company
32.
Which of the following is not a feasible source of finance for an ordinary partnership?
a)
Secured bank loans
b)
Sale and leaseback
c)
Debt factoring
d)
Initial public offering
33.
Advantages of funding growth through a share issue in all those listed below EXCEPT
a)
An extra source of finance
b)
Less financial risks due to the spreading of risks amongst shareholders
c)
Control of the company is diluted
d)
It acts as a form of motivation for employees who own shares in the company
34.
Debentures can best be described as a form of
a)
short-term loan with variable interest rates
b)
Medium-term loan with variable interest rates
c)
Long-term loan with a fixed interest rate
d)
Long term security giving the holder part ownership of the business
35.
Which of the following best describes hire purchase?
a)
Hiring of equipment for a period of time
b)
Repaying loans by making fixed regular payments
c)
Hiring out equipment as a source of finance
d)
Differs from leasing in that ownership occurs with the last instalment
36.
There must be sufficient finance to pay for the daily running of the business. This money is known as
a)
Working capital
b)
Work-in-progress
c)
Retained profit
d)
Buffer stocks
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