Business - Sources of Finance - Statistics

General Stats
  • This quiz has been taken 636 times
  • The average score is 3 of 13
Answer Stats
Hint Answer % Correct
An amount of money which is given to the business to buy something. The money has to be paid back in full, with interest Loan
88%
A deficit in a bank account caused by drawing more money than the account holds Overdraft
66%
A legal agreement in which a person borrows money to buy property and pays back the money over a period of years with interest Mortgage
62%
Profit kept in the business after owners have taken their share of the profits Retained profit
23%
Selling items of value that the business no longer needs Selling assets
11%
Where companies are allowed to purchase raw materials but pay for them at a later date Trade credit
11%
When a business uses equipment but doesn't own it until the final payment has been made Hire Purchase
10%
Support provided by a government to help a business start up Grants
7%
Long term loans of up to 25 years, normally provided to large companies Debentures
5%
This source of finance is only available to limited companies Selling shares
5%
When owners of a business use their personal gains to invest into the business Owner's savings
2%
When debt agencies buy the debt of the debtors and pay a percentage of the original debt immediately to the company Factoring debt
1%
The sale of inventories to reduce inventory levels Running down stock
1%
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