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Teams
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Score
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15
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Give ONE example of capital expenditure.
Buying land / machinery / a building / delivery van.
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15
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What is finance?
Money that is available to a business.
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15
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What is a bank overdraft?
Permission to withdraw more money than is in the bank account.
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15
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What is leasing?
Renting an asset instead of buying it.
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15
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How long are short-term sources of finance repaid within?
Within one year.
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15
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How long are long-term sources repaid over?
5+ years
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15
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What are accruals (expenses due)?
Expenses that do not need to be paid immediately.
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15
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Give ONE example of a short-term source of finance.
Bank overdraft / trade creditors / accruals.
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seesaw
Swap points!
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fairy
Take points!
5
10
15
20
25
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shark
Other team loses 20 points!
Okay!
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lifesaver
Give 10 points!
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banana
Go to last place!
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star
Double points!
Okay!
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shark
Other team loses 20 points!
Okay!
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banana
Go to last place!
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15
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What is a grant?
Money given by the government that does not need to be repaid.
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15
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What is current expenditure
Day-to-day running costs
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15
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What is capital expenditure?
One-off or long-term spending
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monster
Reset all scores!
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gift
Win 25 points!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 25 points!
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15
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What is crowdfunding?
Raising small amounts of money from many people online.
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15
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What principle states finance should match the time period of the need?
The matching principle.
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