Quiz: Internal Finance - Selling Assets
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Welcome to today's quiz on internal finance: selling assets! You've already learned about owner's capital and retained profit, and now we'll explore how selling assets can help finance a business.
What does 'selling assets' mean in business finance?
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Which of the following are examples of assets a business might sell? (Select all that apply)
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Selling assets is a form of {{blank0}} finance because it uses resources the business already {{blank1}}.
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Match the items on the left with their correct pairs on the right
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Which of the following is a disadvantage of selling assets for finance?
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A business sells machinery for £8,000 and uses £3,000 to pay off debts. How much cash remains?
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Match the items on the left with their correct pairs on the right
What are potential advantages of selling assets for finance? (Select all that apply)
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Which of the following is NOT a reason for selling assets?
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