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- 1. Multiple ChoiceWhat is start up capital?Finance needed before starting trading.Finance paid after trading.Finance paid to banks.
- 2. Multiple ChoiceWorking capital is sometimes called as...life of moneylife of bloodlife of soullife of human
- 3. Multiple ChoiceAn example of working capital is...pay electricity bills.pay machinery.pay rent cost.pay insurance.
- 4. Multiple ChoiceWhat 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.
- 5. Multiple ChoiceWhat is asset?An item of property owned by a person or companyAn item owned by a business that lasts for several years.
- 6. Multiple ChoiceWhat is revenue expenditure?Money spent on monthly expensesMoney spent on hour to hour expensesMoney spent on day to day expensesNone of the above
- 7. Multiple ChoiceWhat is NOT a source of Internal finance?Retained profitSale of existing assetsIssue of sharesAll are sources of Internal finance
- 8. Multiple Choice
This is the cash that is generated by the business when it operates successfully
Retained profits
Share capital
Angel investor
Owner savings
- 9. Multiple Choice
Which of the statements about retained profits is false?
You have unlimited amounts of money available
Shareholders and employees could be frustrated because there is less profit to be 'shared out'
You do not have to pay interest
You are free to use it for any purpose
- 10. Multiple Choice
Which of the following is NOT usually considered a personal source of finance.
Savings
Redundancy payments
Crowdfunding
Credit card
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