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- 1. Multiple ChoiceWhat does internal mean?A source from within the businessA source from outside the business
- 2. Multiple ChoiceWhat does external mean?A source from within the businessA source from outside the business
- 3. Multiple ChoiceWhich is an example of an internal source of finance?Owners' FundsHire PurchaseLeasingTrade credit
- 4. Multiple ChoiceWhich is an example of an internal source of finance?Owners' FundsHire PurchaseLeasingTrade credit
- 5. Multiple ChoiceWhich is an example of an external source of finance?Owners' FundsSale of assetsRetained profitsBank loan
- 6. Multiple ChoiceWhat is an advantage of owners' funds?There will be little or no interestYou can pay in smaller installmentsThey take a long time to arrangeYou don't have to pay it back
- 7. Multiple ChoiceWhat is an advantage of a bank loan?There will be little or no interestYou can pay in smaller installmentsThey are quick and easy to arrangeYou don't have to pay it back
- 8. Multiple ChoiceWhat is an advantage of friends & family loan?There will be little or no interestYou can pay in smaller installmentsThey take a long time to arrangeYou don't have to pay it back
- 9. Multiple ChoiceWhat is a disadvantage of a friends and family loan?It means you have no savingsIt can lead to personal conflictsIt can take a long time to arrangeThey can be recalled immediately
- 10. Multiple Choice
What is the most likely source of finance for a small firm?
A debenture
Issuing shares
A bank loan
- 11. Multiple Choice
What is the most likely source of finance for buying property?
Mortgage
Factoring
A bank loan
- 12. Multiple Choice
What is the most likely source of finance for buying a new IT system?
Mortgage
Factoring
A bank loan
- 13. Multiple Choice
What of the following is a source of internal finance?
Selling assets
Trade credit
A bank loan
- 14. Multiple ChoiceThis type of finance does not need to be repaid.Bank LoanOverdraftMortgageGovernment Grant
- 15. Multiple ChoiceThe source of finance that is provided by the Owners is calledCapitalOverdraft
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