WorksheetsTerm 2 Revision
Total questions: 29
Worksheet time: 15mins
What is an advantage of an overdraft?
There is never interest
You can pay in smaller installments
Useful for relatively small sums and short term finance
You don't have to pay it back
Which of these facts about venture capitalists is NOT true?
Venture capitalists tend to operate in fairly risky markets
Venture capitalists would be paid a share of the profits
Venture capitalists usually provide money only and have no interest in running the business
Venture capitalists usually invest large sums of money
Which of the following are DISADVANTAGES of selling shares as a source of finance? (select as many as appropriate)
It means limited liability for the owners
Dividends need to be paid to shareholders
Large sums of money can be raised
Does not apply to Partnerships or Sole Traders
Which of the statements about retained profits is false?
You have unlimited amounts of money available
Shareholders and employees could be frustrated because there is less profit to be 'shared out'
You do not have to pay interest
You are free to use it for any purpose
This is the cash that is generated by the business when it operates successfully
Retained profits
Share capital
Angel investor
Owner savings
Funds that are required to purchase fixed assets like land and building, plant and machinery, and furniture and fixtures is known as
fixed capital
working capital
Name the investors who get priority over equity shareholders while paying dividend and repayment of capital
preference shareholders
debentureholders
retained earnings
Wealthy entrepreneurs who risk personal funds by investing in innovative business start-ups with large risks but also exceptional returns
Shareholders
Business angels
Sole traders
Venture capitalists
Small retailers who are commonly found at places where huge floating population gathers like bus stand etc. are called (a) traders.
Depatmental stores are generally located at a (a) .
All the branches of chain stores are controlled by the (a) .
Small retailers who are commonly found at places with huge population are called _______
a) Market traders
b) Second hand goods shop
c) Peddlers and hawkers
d) Street retailers
Which of the following is not a type of itinerant retailers
a) Market traders
b) Street stall holders
c) Cheap jacks
d) Peddlers and hawkers
Wholesale trade refers to
a) Exporting goods and services
b) Importing goods and services
c) Buying and selling of goods and services in large quantities
d) Buying and selling of goods and services in small lots
Sale of specific line of products by these vendors.
(a) Speciality shops
(b) Mail Order Houses
(c ) Secondhand goods shops
(d) Departmental stores
Which of the following is not a feature of departmental store
a)24x 7 shopping
b)Wide range of products
c) Large in size
d) Located at a central place
Internal Trade
buying and selling of goods and services within the geographical limits of a country.
The payment are made and received in the home country only.
There are no or very few formalities to be completed by the traders.
All the the above.
If vegetable Oil produced in a factory in any part of the country are to reach millions of consumers throughout the country, the help of _________and________ are required.
Employee
Manufacturer
Retailer
Wholesaler
What Services are provided by Wholesalers to Retailers.
Grant of credit
Risk Sharing
Marketing Support
Wide selection
Which of these is a limitation of Departmental Store.
Convenience in buying
Huge investment
Attractive services
Promotion of sales
A Chain Stores sells only one or two line of Goods is Known as
Limited choice
Flexibility
Low Cost
Diffusion of risk
Select all the Limitations of Chain Store.
Lack of initiative and motivation
Risk due to change in taste
Inconvenient Location
Limited choice
This retail business acts as a universal supplier of a wide variety of products.
Multiple shop
Wholesalers
Departmental Stores
Retailers
