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Team 2
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Teams
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Score
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baam
Lose 25 points!
Oops!
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gift
Win 25 points!
Okay!
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shark
Other team loses 5 points!
Okay!
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thief
Give points!
5
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15
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25
15
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What is a business plan?
A written plan drawn up by an organisation, required when seeking finance.
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15
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Why must a business show evidence of planning to banks or grant providers?
To secure finance or government grants.
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15
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Who are debtors?
People who owe the business money.
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15
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What are receipts in a cash flow forecast?
All income the business expects to receive.
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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 working capital?
Money available for day-to-day use in the business.
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15
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Give ONE example of a payment.
Purchases / wages / expenses / money owed to creditors.
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banana
Go to last place!
Oops!
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gold
Win 50 points!
Okay!
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gift
Win 5 points!
Okay!
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lifesaver
Give 20 points!
Oops!
15
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Give ONE reason why a cash flow forecast is important.
Identifies future cash problems / shows if bills can be paid / highlights opportunities.
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15
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What is a mission statement?
A short written statement of a businessâs main goal.
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What figures does a cash flow forecast show?
Total receipts, total payments, net cash, opening cash, closing cash.
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monster
Reset all scores!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
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15
20
25
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baam
Lose 5 points!
Oops!
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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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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What is a cash flow forecast?
A prediction of receipts and payments over a period of time.
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