1) what are long term external finance a) trade credit b) grants c) mortgages d) debt factoring 2) what are two types of external sources of finance a) hire purchase b) retained profit c) sale of assets d) trade credit 3) what is a externally sourced institution a) banks b) post office c) pawn broker 4) which one is true a) leasing allows the business to obtain assets without paying a large sum b) leasing allows the business to pay the supplier back after 30 days c) leasing allows the payment to be paid by the goverment 5) which one is false a) grants are paid back by the goverment b) grants are donated by charities or community groups c) donations are paid by small investers 6) what is trade credit a) the business receives goods and pays back 30-90 days later b) goods organised through a finanvce company c) money given to create jobs or businesses 7) what does a mortgage secure a) a business b) assets c) a property 8) one advantage of a bank loan a) set payments over a period of time b) can be expensive because of interest c) banks may require security on loans 9) what is hire purchase a) receive an asset and paying back on regular payments b) payments paid by the government over time c) assets paid of monthly then receive when paid for 10) what does crowd funding include a) investors b) funds being made online by asking people to donate c) leasing money from the goverment

external finance

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