Sources of Finance - Definitions

Sources of Finance - Definitions

5th Grade

16 Qs

quiz-placeholder

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Sources of Finance - Definitions

Sources of Finance - Definitions

Assessment

Quiz

Business

5th Grade

Hard

Created by

Jonathan Stokes

Used 13+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition for internal source of finance

Sources of money for businesses that may have to be repaid with immediately or fairly quickly, such as an overdraft, usually within a year.

Sources of money for businesses that are borrowed or invested typically for more than a year

Money generated by the business or its current owners

Money raised from sources outside the business (e.g. share issue, leasing, bank loan)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition for external source of finance

Sources of money for businesses that may have to be repaid with immediately or fairly quickly, such as an overdraft, usually within a year.

Sources of money for businesses that are borrowed or invested typically for more than a year

Money generated by the business or its current owners

Money raised from sources outside the business (e.g. share issue, leasing, bank loan)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition for a short term source of finance?

Sources of money for businesses that may have to be repaid with immediately or fairly quickly, such as an overdraft, usually within a year.

Sources of money for businesses that are borrowed or invested typically for more than a year

Money generated by the business or its current owners

Money raised from sources outside the business (e.g. share issue, leasing, bank loan)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition for a long term source of finance?

Sources of money for businesses that may have to be repaid with immediately or fairly quickly, such as an overdraft, usually within a year.

Sources of money for businesses that are borrowed or invested typically for more than a year

Money generated by the business or its current owners

Money raised from sources outside the business (e.g. share issue, leasing, bank loan)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which source of finance is this definition: the practice of buying goods and services now and paying for them later

Trade Credit

Hire Purchase

Leasing

Retained Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which source of finance is this definition: The buying of equipment by paying in instalments, usually including interest. You own the asset at the end of the instalments

Trade Credit

Hire Purchase

Leasing

Retained Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which source of finance is this definition: Obtaining the use of equipment or vehicles and paying a rental or leasing charge over a fixed period. At the end of the period the asset is given back

Trade Credit

Hire Purchase

Leasing

Retained Profit

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