Quiz: Internal vs External Finance for SMEs
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about why SMEs need finance, let's test your knowledge about internal and external finance!
Which of the following is an example of internal finance?
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Which of the following are examples of external finance? (Select all that apply)
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When a business uses {{blank0}}, it is selling off old or unused assets to generate funds.
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Match the items on the left with their correct pairs on the right
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A business has £10,000 in retained profit and takes a £5,000 bank loan. What is the total amount of finance available?
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What is one advantage of using internal finance?
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Which of the following are disadvantages of using external finance? (Select all that apply)
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Using external finance such as a {{blank0}} involves borrowing money that must be paid back with added {{blank1}}.
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Match the items on the left with their correct pairs on the right
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