grade 11 quiz

What is a key characteristic of angel funding?

• It is always low-risk

• It involves high-net-worth individuals investing their own money

• It guarantees a return on investment

• It is provided by banks

What is the primary purpose of accounting?

• To create marketing strategies

• To provide a means of recording and reporting economic data

• To manage human resources

• To develop new products

What is the main distinction between angel investors and venture capitalists?

• Angel investors are typically more risk-averse

• Venture capitalists invest other people's money

• Angel investors invest other people's money

• Venture capitalists invest their own money

What is the purpose of financial statements?

• To provide internal management with detailed reports

• To satisfy the needs of external users

• To track employee performance

• To manage daily operations

What does the term 'working capital' refer to?

• The cash needed to maintain day-to-day business operations

• The total assets of a company

• The amount of equity in a firm

• The total liabilities of a company

What is start up capital?

• The capital Finance needed by entrepreneur to set up a business

• Capital Finance paid after trading and gain profit

• Capital finance paid to banks with collateral

Working capital is sometimes called as...

• life of money
• life of blood
• life of soul
• life of human

An example of working capital is...

• pay electricity bills.
• pay machinery.
• pay rent cost.
• pay insurance.

What is capital expenditure?

• Money spent for fixed assets which last about 6 months.
• Money spent for fixed assets which last about for more than a year.
• Money spent on a day-to-day basis.
• Money spent per hour rate.

What is revenue expenditure?

• Money spent on monthly expenses
• Money spent on hour to hour expenses
• Money spent on day to day expenses
• None of the above