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SOURCES OF FINANCE TEST

By Steven Parker,2014-08-08 12:17
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SOURCES OF FINANCE TEST

IGCSE BUSINESS STUDIES

    SOURCES OF FINANCE TEST

Section 1 True or False?

    1. Short-term finance is a firm's working capital.

    true

    false

2. A firm's liquidity is its ability to meet short-term debts as they

    arise.

    true

    false

    3. Leasing is an internal source of finance.

    true

    false

4. An overdraft is a fixed amount, borrowed over a fixed period

    of time.

    true

    false

    5. Retained profits are an example of an internal source of

    finance.

    true

    false

    6. Buying equipment using hire purchase is cheaper than

    paying cash.

    true

    false

Section 2 - Crossword

Created by Gail Sharratt 1 Kuwait English School

IGCSE BUSINESS STUDIES

    12

    34

    56

    7

    8

    9

    Across: 1. Facility provided by a bank with a fixed repayment schedule

    Down: 2. Short-term sources of finance provided by a bank which,

    technically, is repayable on demand

    Down: 3. An arrangement where a company's debts are collected by

    another firm who advance a proportion of the money

Down: 4. A medium term source of finance which gains the use of items

    without the need for a deposit

Across: 5. Another word for items owned or used by a business an

    example is a computer or a skilled workforce

    Down: 6. Collateral put up by a borrower (e.g. personal assets) often

    required by banks and other lenders before they will offer

    finance.

    Across: 7. Form of credit provided by the suppliers to a business

    Across: 8. Name given to the main type of share in a business

    Across: 9. Type of finance often provided by Government organisations to

    encourage investment and innovation

Created by Gail Sharratt 2 Kuwait English School

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