Sources of Finance — Internal and External (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What percentage of Australian SME CEOs rely on internal funds rather than external sources?
What percentage of Australian SME CEOs rely on internal funds rather than external sources?
86%
What timeframe distinguishes short-term from long-term borrowing?
What timeframe distinguishes short-term from long-term borrowing?
12 months
How is interest charged on an overdraft?
How is interest charged on an overdraft?
On the daily outstanding balance only
How much of accounts receivable can a business receive through factoring within 48 hours?
How much of accounts receivable can a business receive through factoring within 48 hours?
Up to 90%
Which lease type typically has penalties for cancellation?
Which lease type typically has penalties for cancellation?
Financial lease
What is a key feature of debentures?
What is a key feature of debentures?
Fixed rate and fixed period
What is the maximum an individual can invest through crowd-sourced equity funding (CSEF)?
What is the maximum an individual can invest through crowd-sourced equity funding (CSEF)?
$10,000
What is the maximum amount per shareholder in a share purchase plan?
What is the maximum amount per shareholder in a share purchase plan?
$30,000
Which advantage applies specifically to retained profits as internal finance?
Which advantage applies specifically to retained profits as internal finance?
No dilution of ownership
What is the typical amount for commercial bills?
What is the typical amount for commercial bills?
Over $100,000