Which of the following is classed as a short-term source of finance?
Sources of finance

Quiz
•
Business
•
9th - 11th Grade
•
Hard

Alex Wetters
Used 23+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade Credit
Venture Capital
Personal Savings
Retained Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a reason why a new business start-up would need finance?
To fund expansion
To pay for replacement equipment
To pay for maintenance on a new piece of machinery
To buy equipment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An established seasonal partnership is experiencing cash flow problems during the winter months. Which of the following would be a suitable source of finance to overcome this problem?
Overdraft
Share capital
venture capital
crowd funding
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A successful sole trader wants to raise funds to open a second restaurant and is eager to retain full control of the business. Which of the following sources of finance would be the most appropriate to fund this expansion?
issue new shares
bank loan
overdraft
gain a partner
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Raising funds from a wide variety of small investors by publicising an idea on the internet is called:
venture capital
trade credit
crowd funding
personal savings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A possible drawback to an entrepreneur of using personal savings to finance a new business enterprise is:
the amount of money available may be limited
it is an expensive form of finance
they will lose control of the business
the amount will need to be repaid with interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit to a private limited company of using retained profit to finance its growth?
the amount will not need to be paid back
the business will not need to pay dividends
the business will pay less tax
the business will always have access to it
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