S3 Finance

S3 Finance

3rd Grade

12 Qs

quiz-placeholder

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S3 Finance

S3 Finance

Assessment

Quiz

Business

3rd Grade

Practice Problem

Hard

Created by

E Paterson

Used 13+ times

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12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What two factors would a business take into consideration when choosing a type of finance?

How much they need

What the money is needed for

The type of organisation

The number of shareholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owners own savings are...

Internal

External

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short term types of finance are paid back in less than...

3 years

4 years

5 years

2 years

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term types of finance are paid back in more than...

3 years

4 years

5 years

6 years

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A grant from the government does not need to be paid back

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of finance is this? "Buying an item now and paying for it later, usually with an initial deposit and the rest paid in installments"

Leasing

Hire Purchase

Trade Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of finance is this? "You pay a ‘rental’ amount to the owner of the product in order to use this in your business"

Leasing

Hire Purchase

Trade Credit

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