Selecting a Source of Finance (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What can high interest rates impact when borrowing?
What can high interest rates impact when borrowing?
Profitability
Which is NOT listed as a purpose of finance?
Which is NOT listed as a purpose of finance?
Staff recruitment
What may different purposes of finance require?
What may different purposes of finance require?
Different types of finance
What may longer repayment terms result in?
What may longer repayment terms result in?
Lower monthly payments
What is a consequence of longer repayment terms?
What is a consequence of longer repayment terms?
Higher total costs
What does collateral provide for the lender?
What does collateral provide for the lender?
Security
When are the borrower's assets at risk with collateral?
When are the borrower's assets at risk with collateral?
If repayments are not made
What does a good credit history increase?
What does a good credit history increase?
Likelihood of approval
What does capacity refer to when lenders assess borrowers?
What does capacity refer to when lenders assess borrowers?
Ability to repay the loan
What tools help assess a borrower's capacity to repay?
What tools help assess a borrower's capacity to repay?
Budgets & cashflow forecasts