
WT13_Overdraft and Trade credit
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Medium
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an overdraft?
A type of crowdfunding
When a firm withdraws more money than it has in its account
An agreement to pay suppliers later
A loan with fixed interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of trade credit?
It allows immediate cash transactions
It guarantees discounts on purchases
It provides an interest-free means of raising funds
It requires payment upfront
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a disadvantage of crowdfunding?
There is strong competition for attention
It is always free of fees
It allows businesses to maintain full control
It is a guaranteed source of funding
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a business exceeds its overdraft limit?
They must pay back the overdraft immediately
They receive a lower interest rate
They may incur higher additional costs
They are automatically granted more funds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of a failed crowdfunding campaign?
The business can relist the project
It indicates a poor business plan
It guarantees future funding opportunities
It results in a refund of fees paid
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