Sources of Finance | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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An overdraft from a bank is a short term finance with high interest charges. TRUE/FALSE

TRUE

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Is selling an asset a kind of an internal source of finance? Yes or No?

Yes.

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What source of external finance does the image illustrate?

Bank overdraft/Bank loan

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What is meant by a finance?

it means money.

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What source of internal finance does the image illustrate?

Owner's money

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Retained profits means what?

It means money left over in a business from previous years

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The best source of finance would depend upon the size and type of ownership of a business. TRUE/FALSE

TRUE. Small businesses are limited to Bank loans, Overdraft, Savings, retained profits and family

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What source of internal finance does the image illustrate?

sale of business assets

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lifesaver

Give 15 points!

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fairy

Take points!

rocket

Go to first place!

Okay!

banana

Go to last place!

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heart

Other team wins 15 points!

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fairy

Take points!

fairy

Take points!

baam

Lose 25 points!

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What source of external finance does the image illustrate?

Hire purchase

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boom

Lose 50 points!

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gift

Win 25 points!

Okay!

gift

Win 10 points!

Okay!

thief

Give points!

What source of internal finance does the image illustrate?

Retained profit

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What source of external finance does the image illustrate?

Lease

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Hire purchase means paying for machinery over a long period of time. TRUE/FALSE

TRUE

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Is personal savings a source of finance? Yes or No?

Yes

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