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SOURCES OF CAPITAL

Total questions: 25

Worksheet time: 8mins

Name
Class
Date
1.

A hospital wants to open a maternity ward. They have the space, but don’t exactly have the needed funds, so they talk to their supplier. The supplier promises to fit out the maternity ward with equipment, in return for a monthly fee, in stead of the purchase price.


This is an example of:

a)

Venture Capital

b)

Leasing

c)

Buisness Angel

d)

Loan Capital

2.

MegaBurger talks to the bank, to finance the opening of 2 new MegaBurger locations in Abu Dhabi. The bank, after deliberating if this a good move, offers MegaBurger 4 million AED at 5% interest.


This is an example of:

a)

Debt Factoring

b)

Business Angel

c)

Personal Funds

d)

Loan Capital

3.

The owner of Jack’s Furniture Workshop, a one man company, manages to get a massive order to fit out a secondary school in Michigan. He puts $10.000 of his savings into the company so he can buy the needed raw materials, fully expecting to earn it back quickly.


This is an example of:

a)

Subsidies

b)

Trade Credit

c)

Personal Funds

d)

Share Capital

4.

Ali Ashraf, the owner of a groundworks firm, sees his costs are on the high side. He sells his two oldest, slowest excavators, and with the money he buys one new one of the latest much faster models, expecting work faster while he saves on fuel, and thus improve his balance sheet.


This is an example of:

a)

Retained profits

b)

Sale of Assets

c)

Debt Factoring

d)

Loan Capital

5.

Jack has a fabulous idea for an app.

A friend of his, who is also in the app business, gives him the phone number of Jakanda Operations.

Jakanda Operations is founded by a group of industry professionals who pooled their funds to invest in app concepts. He shows them the app and they decide Jakanda will participate in the development in return for 40% of the shares and an additional 20% of any profits. Jack agrees, and gets the money needed to develop the app.


This is an example of:

a)

Retained Profits

b)

Personal Funds

c)

Debt Factoring

d)

Venture Capital

6.
What does internal mean?
a)
A source from within the business
b)
A source from outside the business
7.
What does external mean?
a)
A source from within the business
b)
A source from outside the business
8.
Which is an example of an internal source of finance?
a)
Owners' Funds
b)
Hire Purchase
c)
Leasing
d)
Trade credit
9.
Which is an example of an external source of finance?
a)
Owners' Funds
b)
Sale of assets
c)
Retained profits
d)
Bank loan
10.
What is an advantage of owners' funds?
a)
There will be little or no interest
b)
You can pay in smaller installments
c)
They take a long time to arrange
d)
You don't have to pay it back
11.
What is an advantage of a bank loan?
a)
There will be little or no interest
b)
You can pay in smaller installments
c)
They are quick and easy to arrange
d)
You don't have to pay it back
12.
What is an advantage of friends & family loan?
a)
There will be little or no interest
b)
You can pay in smaller installments
c)
They take a long time to arrange
d)
You don't have to pay it back
13.
What is a disadvantage of a friends and family loan?
a)
It means you have no savings
b)
It can lead to personal conflicts
c)
It can take a long time to arrange
d)
They can be recalled immediately
14.

What is the most likely source of finance for a small firm?

a)

A debenture

b)

Issuing shares

c)

A bank loan

15.

What is the most likely source of finance for buying property?

a)

Mortgage

b)

Factoring

c)

A bank loan

16.

What is the most likely source of finance for buying a new IT system?

a)

Mortgage

b)

Factoring

c)

A bank loan

17.

What of the following is a source of internal finance?

a)

Selling assets

b)

Trade credit

c)

A bank loan

18.
This type of finance does not need to be repaid.
a)
Bank Loan
b)
Overdraft
c)
Mortgage
d)
Government Grant
19.
The source of finance that is provided by the Owners is called 
a)
Capital
b)
Overdraft
20.

Which of the following statements about bank loans is not true?

a)

Usually used for large amounts of money that need to be paid back over a longer time-frame

b)

Interest rates make the loan more expensive

c)

Easy to get

d)

Usually cheaper than consistently using a bank overdraft

21.
Which of the following is NOT a source of finance.
a)
Family & Friends
b)
Bank Loan
c)
Business Devil
d)
Government Grant
22.
A loan that is secured on a property is called a 
a)
Mortgage
b)
Overdraft
c)
Credit Card
d)
Government Grant
23.
A mortgage is a long term source of finance.
a)
True
b)
False
24.
Which of the following sources of finance does not have interest added.
a)
Overdraft
b)
Owners' Capital
c)
Mortgage
d)
Bank Loan
25.
A business that fails to pay back loans will have
a)
A good credit rating
b)
A poor credit rating