Search Header Logo

Unit 3 quiz 3

Authored by Eche Egbuonu

Business

10th Grade

Used 5+ times

Unit 3 quiz 3
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

6 questions

Show all answers

1.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Revenue Income

,

(b) Capital income

,

(c) Capital expenditure

,

(d) Revenue Expenditure

wages

Rent Received

Credit Sales

Owner's Capital

machinery

Rent

Cash Sales

Interest received

Patents

interest paid

Selling Shares

stationery

Loan

vehicles

land

2.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Branch

,

(b) Online Banking

,

(c) Postal Banking

,

(d) Telephone Banking

increased risk due to cyber crime

secure online transactions

24/7 access to account

requires travel

ability to speak with a live representative

higher risk of fraud and identity theft

restricted to bank opening hours

post can get lost

can be slow

automated telephone systems can be frustrating

does not require any additional technology or devices

personalized customer service

opportunity to build relationhip developing trust and brand loyalty

3.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories (sources of finance)

Groups:

(a) Retained Profit

,

(b) Net current assets

,

(c) Venture Capital

,

(d) Loans

available immediately

can put pressure on customers as shorter credit terms are offered

might be secured against an asset

regular pre-agreed repayments make budgeting easier

Encourages the business to manage cash flow effectively

advice and mentorship might also be provided

Interest is charged on the amount borrowed

partial loss of ownership and control

no interest charges

no loss of ownership

conflict can arise between the two parties

4.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Current Asset

,

(b) Non Current Assets

,

(c) Current Liabilities

,

(d) Non Current Liabilities

Machinery

Trade Receivable

Accruals

Trade Payable

Prepayments

3 year Loan

Land

Cash

Patent

Overdraft

Buildings

Mortgage

Inventory

5.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Crowdfunding

,

(b) Debt Factoring

,

(c) Hire Purchase

,

(d) Mortgage

Overall amount paid for asset will be higher than buying outright

Secured against the property

only really suitable for low cost assets

Not suitable for small amounts or a as short term form of finance

Avoids the need to pay a lump sum for the use of an asset

Another company takes on the risk of bad debt

Large amounts of finance raised and repaid over a prolonged period of time

Only receive a fraction of the amount owed

no guarantee that you will attract sufficient investment

Regular instalments make planning easier

Can also serve as a marketing opportunity

speeds up cash flow into the business from debts

6.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Leasing

,

(b) Trade Credit

,

(c) Grants

,

(d) Invoice discounting

never own the assets

Reduces costs to the business so increase profit

business will not receive discounts for prompt payment

No need to repay and no interest charges

spreads the cost of an asset over its life, avoid paying a lump sum

Only available if purchases are paid in cash which affects cash flow

Often require a lengthy application process

Delays need to pay for goods and services, aiding cash flow

responsibility for repair and maintenance stays with supplier

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?