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Business Decision Making Areas II: Finance
Which of the following best describes finance?
Funds for a business
Customers for a business
Profits for a business
What is the most likely source of finance for a small firm?
A bank loan
Which option is an example of short term finance?
What is the most likely source of finance for buying premises?
What is the most likely source of finance for buying a new IT system?
Which of the following options is a source of internal finance?
What is interest the reward for?
What do lenders ask for as a guarantee that a loan will be repaid?
What is someone who lends money called?
Which of the following does an overdraft usually have?
A fixed rate of interest
A variable rate of interest
A zero rate of interest