The time taken for goods ordered to be delivered.

What is start-up capital?

Finance used to open a new business.

Why is finance important for a business?

To keep the business operational, Is needed to purchase goods.

What are 3 types of long term sources of finance?

Mortgages, Debentures, Venture Capital.

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Duplicate of Business Revision.

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Quiz used for IGCSE and College Prep business studies, End of year finals revision.

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Questions 14

Answers

1
What does ROCE stand for?
Return on Capital Earned
Return on Employed Capital
Return on Capital Employed
Return of Capital Employed
2
What is the profit?
100
60
90
40
3
Why is working capital important?
So business can cover large expenses.
To pay for emergency costs (Damage, Loss etc.)
To cover day to day expenses.
To pay employees salary.
4
Which is NOT a source of finance?
Shares.
Retained Profit.
Interest.
Loans.
5
Which of these is NOT a factor of "Lean Production"
Minimizing free time.
Management & workers communicating.
Rearranging production lines.
Small improvements equate to larger ones.
6
An asset is.......
Something that you owe.
Something that you're on.
Something that you own.
Something that you want.
7
Define "Lead Time"
A term used to cut down on waste time.
When large production lines have to meet a time limit.
The time taken for goods ordered to be delivered.
When a single product is made in a short time.
8
What is start-up capital?
Finance used to pay creditors.
Finance needed to make a clean slate for a business.
Finance used to open a new business.
Finance in a general sense.
9
Example of psychological pricing?
BUY ONE GET ONE FREE
50.00
49.99
BUY ONE GET ONE HALF OFF
10
What is a creditor?
A current liability.
A non-current asset.
A non-current liability.
A current asset.
11
Whats the gross profit margin? Guestimate
31%
33%
32%
30%
12
Why is finance important for a business?
To make the business look more profitable.
To create a more enjoyable work environment.
To keep the business operational
Is needed to purchase goods.
13
Which is NOT an internal source of finance?
Sales of existing assets.
Retained profit.
Selling inventory.
Trade credit.
14
What are 3 types of long term sources of finance?
Leasing, Debentures, Mortgages.
Mortgages, Debentures, Venture Capital.
Mortgages, Sales of Shares, Overdrafts.
Debentures, Overdraft, Trade Credit.

Duplicate of Business Revision. Flashcards | StudBud