Why Does a Business Need Finance? (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is finance in a business context?
What is finance in a business context?
Money available to meet financial needs
Why do start-up businesses face significant financial challenges?
Why do start-up businesses face significant financial challenges?
High setup costs but little/no income
Which is NOT a typical start-up business finance need?
Which is NOT a typical start-up business finance need?
Opening new international branches
Why might an established business need additional finance?
Why might an established business need additional finance?
To expand into new markets or locations
What is capital expenditure?
What is capital expenditure?
Spending on long-term assets (over 1 yr)
Which is an example of capital expenditure?
Which is an example of capital expenditure?
Computer systems
What is current expenditure?
What is current expenditure?
Day-to-day running costs
Which is an example of current expenditure?
Which is an example of current expenditure?
Employee wages and salaries
What is the timeframe for short-term finance?
What is the timeframe for short-term finance?
Less than 1 year
Which is a source of medium-term finance?
Which is a source of medium-term finance?
Leasing
What are retained earnings?
What are retained earnings?
Profits kept in business, not distributed
What is the matching principle?
What is the matching principle?
Match finance source to specific need
Which is correct application of the matching principle?
Which is correct application of the matching principle?
Use term loan to purchase delivery trucks