Y13 Intro to finance terms review

which of the following would be a start up cost for a bakery?

• Flour

• Petrol

• A sign for above the shop window

• Salaries

Which of the following is an internal source of finance?

• Selling Fixed assets

• Bank loan

• Venture capital

• debentures

Which source of finance is provided by successful entrepreneurs, such as you would see on Shark Tank?

• Bank Loan

• Venture Capital

• Debentures

• Crowd funding

Which of the following is a long term source of finance?

• Selling Assets

• Trade credit

• Overdraft

• Mortgage

Which of the following would be a variable cost for a scuba diving tour business?

• Rent

• Petrol

• Salaried

• the sign for outside the shop

An example of a fixed cost for S107 is?

• The security gates

• Pens and pencils

• Paper / books

• Salaries of teachers

Trade credit is........

• An internal source of finance

• A long term source of finance

• A short term source of finance

• None of the above

A sole trader might find it difficult to get ..........

• A bank loan

• Business advice

• External finance

• Internal finance

An example of a variable cost for a restaurant would be:

• the sign for outside the front of the restaurant

• advertising

• salaries of the restaurant manager

• wages of the waiting staff

Which of the following terms describes the total money received from selling goods and services?

• Fixed costs

• Capital

• Profit

• Revenue