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business finance : needs & sources

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Business finance is needed to

a)

Establish a business

b)

Run a business

c)

Expand a business

d)

All of the above

2.

Internal sources of capital are those that are

a)

generated through outsiders such as suppliers

b)

generated through loans from commercial banks

c)

generated through issue of shares

d)

generated within the business

3.

Which is not an capital expenditure example

a)

Computer

b)

Rent

c)

Buildings

d)

Furniture & fixtures

4.

Which is an example of Revenue expenditure

a)

Motor Van

b)

Gym equipment

c)

Salary

d)

Premises

5.

Which are the internal source of finance

a)

Sales of inventories to reduce inventory levels

b)

Issue of shares

c)

Bank loan

d)

Selling Debentures

6.

What do you mean by retained profits?

a)

Profit which occur during the year

b)

Profit kept in the business after the owners have taken their share

7.

What shareholders get in return on investment?

a)

Interest

b)

Rent

c)

Debentures

d)

Dividend

8.

State the advantage of Owners savings

a)

No interest is paid

b)

This makes better use of the capital tied up in the business

c)

Permanent source

9.

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

10.

Which of the following is not a feasible source of finance for an ordinary partnership?

a)

bank loans

b)

Sale and leaseback

c)

Debt factoring

d)

Initial public offering