Team 1
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Team 2
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Teams
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Score
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eraser
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rocket
Go to first place!
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rocket
Go to first place!
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thief
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5
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25
15
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What is working capital?
Money available for day-to-day use in the business.
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15
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Who are creditors?
People the business owes money to.
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15
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What is a cash flow forecast?
A prediction of receipts and payments over a period of time.
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15
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What is liquidity?
The ability of a business to meet its short-term debts
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15
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Why is good planning important for business success?
It makes the business more efficient and more likely to succeed.
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boom
Lose 50 points!
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seesaw
Swap points!
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shark
Other team loses 20 points!
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baam
Lose 25 points!
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15
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Give ONE reason why a business prepares a business plan.
To increase efficiency / identify problems early / secure finance.
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15
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Give ONE example of what a mission statement explains.
What the business aims to do or why it exists.
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15
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What are payments in a cash flow forecast?
All costs the business expects to pay out.
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thief
Give points!
5
10
15
20
25
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rocket
Go to first place!
Okay!
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rocket
Go to first place!
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banana
Go to last place!
Oops!
15
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Give ONE aim a business may plan for.
Become a market leader / sell globally / tackle a social cause / protect the environment.
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15
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What is a mission statement?
A short written statement of a business’s main goal.
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Who are debtors?
People who owe the business money.
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15
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What is a plan?
A way of deciding in advance what you want to do and how you will do it.
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15
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Give ONE example of a receipt.
Cash sales / money from debtors / grants / tax refunds
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