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Finance - Household and Business Management Flashcards | StudBud

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A deficit occurs when

Liquidity is about making sure that there is enough

Finance - Household and Business Management

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Answers

1
Liquidity is about making sure that there is enough
money coming into the business each month to pay bills
stock to hand at all times
shareholders present for a valid meeting to take place
enough employees at all times
2
A deficit occurs when
expenditure is greater than income
income is greater than expenditure
income equals expenditure
3
A credit crunch is a situation where there is
no money left in your account at the end of the month
cut backs on overtime allocations
a shortage of funding available in financial markets
no Christmas party as a result of cut backs
4
Factoring is the term used to describe
when an individual spends more money than they have
the selling of debt to a debt management firm at a discount
the work of a leasing firm
a situation where someone falls behind on their bills
5
Another word for security is
consideration
consent
contribution
collateral
6
A venture capital company invests money in
foreign businesses
adventure businesses
failing businesses
new or high risk businesses
7
APR stands for
actual percentage rate
annual principle rate
annual percentage rate
annuity percentage rate
8
A trade creditor is an individual or company who
leases machinery
rents machinery
is owed money
owes money
9
A bank overdraft gives you permission to
earn higher interest on a current account
withdraw more money than you have in your account
use 24 hour banking
take out money overseas
10
A surplus occurs when
Income exceeds expenditure
Expenditure exceeds income
Income is equal to expenditure