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