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Question-1
Which of the following allows the firm to use an asset, but it does not have to purchase it?
(A)
Leasing
(B)
Hire purchase
(C)
Bank loans
(D)
Overdrafts
Question-2
Owners savings is:
(A)
External finance
(B)
Loan
(C)
Internal finance
(D)
Overdraft
Question-3
Security or collateral is required for:
(A)
Shares
(B)
Bank loan
(C)
Profit
(D)
Sale of assets
Question-4
A bank permits a company to spend more money from the account than is currently in it. This is termed as:
(A)
Loan
(B)
Over draft
(C)
Fixed draft
(D)
Cheque
Question-5
The specialist agencies buy the debts of the firm for immediate cash. This process is known as:
(A)
Issue of shares
(B)
Bank loans
(C)
Factoring of debts
(D)
Profit
Question-6
Under this, which one is NOT to be repaid?
(A)
Bank loan
(B)
Lease
(C)
Profit
(D)
Overdraft
Question-7
The money obtained from outside the business is:
(A)
External finance
(B)
Internal finance
(C)
Savings
(D)
Profit
Question-8
Which is the possible way to keep more profits in business?
(A)
Reduce the payment to owners
(B)
Not use any capital
(C)
Reducing the trading activity
(D)
Borrow from others
Question-9
This allows a business to buy a fixed asset over a long period of time which includes interest rate. This is:
(A)
Trade credit
(B)
Shares
(C)
Hire purchase
(D)
Overdraft
Question-10
Some businesses decide to sell off some fixed assets for cash and lease them back from a leasing company. This is termed as:
(A)
Leasing
(B)
Hire purchase
(C)
Sale & lease back
(D)
Bank loan
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Cambridge Advanced Grade 12
IGCSE
Practice in Related Chapters
Purpose of Business Activity
Types of Business Activity
Other External Influences on Business
Forms of Business Organisation
Financing Business Activity
Enterprise
Business Structure
Size of Business
Business Objectives
Recruitment, Training and Human Resources
External Economic Influences on Business Behaviour
Stakeholders in a Business
Organisational Structure
Government and Economic Influences on Business
Managing a Business
Communication in Business
Motivation at Work
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