Sources of Finance (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What time period does medium-term finance typically cover?
What time period does medium-term finance typically cover?
1-5 years
How is interest calculated on a bank overdraft facility?
How is interest calculated on a bank overdraft facility?
Daily on the overdrawn amount
After what payment threshold in hire purchase does legal protection prevent easy repossession?
After what payment threshold in hire purchase does legal protection prevent easy repossession?
One-third payment
What is the interest rate range for AIB credit cards currently?
What is the interest rate range for AIB credit cards currently?
13.8-22.9%
What percentage of invoiced debt can AIB Invoice Finance provide?
What percentage of invoiced debt can AIB Invoice Finance provide?
Up to 85%
Which capital type has interest payments that are tax-deductible?
Which capital type has interest payments that are tax-deductible?
Debt capital only
What is the key characteristic of grants as a finance source?
What is the key characteristic of grants as a finance source?
Non-repayable amounts
What does the 'C' in the PCCRA framework for finance selection represent?
What does the 'C' in the PCCRA framework for finance selection represent?
Cost and control
What is the key ownership difference between leasing and hire purchase?
What is the key ownership difference between leasing and hire purchase?
Hire purchase gives ownership; leasing doesn't
What is the typical initial deposit range for a Personal Contract Plan (PCP)?
What is the typical initial deposit range for a Personal Contract Plan (PCP)?
10-30% of cash price