Sources of finance (AQA GCSE Business): Quizzes
📚Quizzes
Practise the questions
15 questions from this quiz
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Practise the questions
15 questions from this quiz
What are one-time costs paid before trading begins?
What are one-time costs paid before trading begins?
Set-up costs
Which finance need relates to expansion and larger premises?
Which finance need relates to expansion and larger premises?
Growth finance
What is a key advantage of using retained profits?
What is a key advantage of using retained profits?
No interest payments required
Which businesses can use retained profits as finance?
Which businesses can use retained profits as finance?
Only profitable businesses
What type of funding is selling unwanted assets?
What type of funding is selling unwanted assets?
One-off basis finance
Taking on additional partners means what?
Taking on additional partners means what?
Sharing control & profits
What interest rates do friends and family often offer?
What interest rates do friends and family often offer?
Low or no interest
What risk comes with mortgages for business premises?
What risk comes with mortgages for business premises?
Losing the property
What is the typical payment period for trade credit?
What is the typical payment period for trade credit?
30-90 days
When can banks withdraw overdraft facilities?
When can banks withdraw overdraft facilities?
At any time
What advantage do overdrafts offer businesses?
What advantage do overdrafts offer businesses?
Interest only on amount used
What is the typical duration for bank loans?
What is the typical duration for bank loans?
3-10 years
Selling more than what % of shares risks losing control?
Selling more than what % of shares risks losing control?
50%
What is the main advantage of grants?
What is the main advantage of grants?
Free money, no repayment
Which business types cannot sell shares?
Which business types cannot sell shares?
Sole traders and partnerships