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

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Sources of Finance

Study Slideshow

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

TRUE

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

TRUE

Is selling an asset a source of finance?

Yes. It means you are selling something you don't need to get some money

Retained profits means what?

It means money left over in a business from previous years

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

What is meant by a finance?

it means money.

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

Yes

Is cash in your bank account a kind of external source of finance?

No. It is an internal source of finance.

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

Yes.

What source of external finance does the image illustrate?

Lease

What source of external finance does the image illustrate?

Hire purchase

What source of external finance does the image illustrate?

Bank overdraft/Bank loan

What source of internal finance does the image illustrate?

sale of business assets

What source of internal finance does the image illustrate?

Owner's money

What source of internal finance does the image illustrate?

Retained profit