Sources of Finance (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
Which of these represents a 'C' in UCCR for selecting finance sources?
Which of these represents a 'C' in UCCR for selecting finance sources?
Control implications
How long is the repayment period for short-term finance?
How long is the repayment period for short-term finance?
Within twelve months
What is a key difference between household and business finance?
What is a key difference between household and business finance?
Businesses have wider financing options
Which is an example of a long-term business financial necessity?
Which is an example of a long-term business financial necessity?
Acquiring premises
How does bank overdraft interest compare to other loan types?
How does bank overdraft interest compare to other loan types?
Typically higher
What do companies miss by using trade creditors?
What do companies miss by using trade creditors?
Early payment discounts
What are accruals?
What are accruals?
Expenses incurred but not yet paid
What is the key difference between leasing and hire purchase?
What is the key difference between leasing and hire purchase?
Ownership transfers with hire purchase
Why are retained earnings considered 'free' finance?
Why are retained earnings considered 'free' finance?
No repayment or interest charges
What is a key characteristic of grants?
What is a key characteristic of grants?
No repayment required
What % of shares must owners retain to maintain control?
What % of shares must owners retain to maintain control?
At least 51%
In sale and leaseback, what happens to the asset?
In sale and leaseback, what happens to the asset?
Business sells it then leases it back