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Unit 1 - Business Management - Sources of Finance - 3.4

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which is not an external source of finance?

a)

crowdfunding

b)

bank overdraft

c)

bank bills

d)

mortgage

2.

Which is a short term source of finance?

a)

mortgage

b)

leasing

c)

trade credit

3.

Equity is defined as...

a)

starting a business using personal finance or business revenues

b)

individuals or businesses that invest in a new business

c)

funds contributed by the owner(s) of a business to start and build the business

d)

funds available for the short term commitments of a business

4.

Individuals or businesses that invest in a new business are called?

a)

crowd funders

b)

lending institutions

c)

boot strappers

d)

angel investors

5.

The funds provided by banks, other financial institutions, government and suppliers, which must be paid back over time with interest is called...

a)

working capital

b)

bank overdraft

c)

debt

d)

shares

6.

Which is a loan on a property, secured by the property of the borrower (the business)

a)

leasing

b)

crowdfunding

c)

shares

d)

mortgage

7.

The Lessor is the person who is granted the lease.

a)

False

b)

True

8.

The terms of finance relate to....

a)

the amount of the finance

b)

the date the finance was granted

c)

the amount and frequency of repayment

d)

the type of finance

9.

Which is equity finance?

a)

bank overdraft

b)

self funding

c)

bank bills

d)

leasing

10.

Which is not an external source of finance?

a)

bank overdraft

b)

government grants

c)

family/friends

d)

trade credit