Long-term sources of finance (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
How long is funding typically available with long-term sources of finance?
How long is funding typically available with long-term sources of finance?
Over one year
What is the main advantage of using personal savings to fund a business?
What is the main advantage of using personal savings to fund a business?
Complete control
What do venture capitalists receive in exchange for providing capital?
What do venture capitalists receive in exchange for providing capital?
An ownership stake
Besides money, what else do venture capitalists typically provide?
Besides money, what else do venture capitalists typically provide?
Expertise & connections
What do shareholders receive when a business makes profits?
What do shareholders receive when a business makes profits?
Dividends
Which type of business can raise money by selling share capital?
Which type of business can raise money by selling share capital?
Limited companies
How must business loans be repaid?
How must business loans be repaid?
Over several years with interest
What can happen if a business fails to repay a loan?
What can happen if a business fails to repay a loan?
Business closure or asset seizure
What is the key benefit of using retained profit for growth?
What is the key benefit of using retained profit for growth?
No debt or ownership loss
How does crowd funding work?
How does crowd funding work?
Small amounts from many people
What do crowd funding contributors typically receive?
What do crowd funding contributors typically receive?
Rewards or early access
Which finance source cannot be used by sole traders?
Which finance source cannot be used by sole traders?
Share capital