15 questions
It is needed by an entrepreneur when starting a business.
Working Capital
Capital Expenditure
Assets
Start-up Capital
The capital needed to finance the day to day running expenses any short term debts of a business.
Capital Expenditure
Working Capital
Fixed Assets
Start-up Capital
What are the uses of working capital?
cash balances,reducing inventory levels and reducing trade receivables
cash balances,reducing inventory levels and increasing trade receivables
cash balances,increasing receivable levels and increasing trade receivables
cash balances,increasing receivable levels and reducing trade receivables
it is similar to bank loan but used specifically for the purchase of land and building.
Debenture
Bank Loan
Mortgage
Leasing
The most common source of external business finance.
Leasing
Debenture
Bank Loan
Mortgage
Does businesses needs finance?
Yes
No
it is the difference between revenue and total costs.
Gross Profit
Profit
Retained Profit
Revenue
Day to day operating expenses of a business.
Assets
Liabilities
Expenses
Debt
Resources that are owned by a business.
Liabilities
Profit
Owner's Capital
Asset
This are the debts of the business.
Liabilities
Assets
Owner's Capital
Profit
Accounting statements that records the assets, liabilities and owner's equity of a business at a particular date.
Balance Sheet
Income Statement
There are not enough goods and services to meet the wants of the population.
Scarcity
Opportunity cost
Capital goods
Consumer services
A good or service which is essential to living.
Want
Opportunity cost
Scarcity
Need
All of the following are factors of production. Except?
Land
Labour
Capital
Product
A good or service which people would like, but is not essential for living.
Need
Wants
Scarcity
Opportunity cost