Understanding Business Revision 2

Which Sources of Finance does not need to be repaid?

• Bank Loan

• Bank Overdraft

• Government Grant

• Mortgage

Which of the following is not an external factor?

• Political

• Human Resources

• Social

• Technological

A stakeholder is

• Someone who buys shares in your organisation

• Someone who works for your organisation

• Someone who has an interest in and an influence on your business

Which of the following is an internal stakeholder?

• Bank or lenders

• Customers

• Suppliers

• Owners/Shareholders

A mortgage is used to buy property

• True

• False

Which Type of Organisation would raise Finance through selling shares?

• Private Limited Company

• Soletrader

• Partnership

• Franchise

Which of the following is a benefit of a bank loan?

• Structured Repayments (Instalments) - you know exactly how much you have to pay when and for how long

• Interest is payable

• It can be difficult to obtain

• A short term term solution to a cash flow problem

Which of the following organisations would be able to issue advice on local planning rules?

• Banks

• Local Government

• Inland Revenue

• Youth Business Scotland

Inflation is an example of which External Factor?

• Political

• Economic

• Social

• Technological

• Environmental

The sugar tax levy which caused Irnbru just reduce the sugar in their recipe is an example of which external factor?

• Social

• Environmental

• Political/Legal

• Economic