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Flashcards covering key concepts related to sources of business finance, including definitions of financial terms and concepts discussed in the lecture.
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Start-up capital is the finance needed by a new business to pay for essential __ before it can begin trading.
non-current (fixed) and current assets
Working capital is the finance needed by a business to pay its __ costs.
day-to-day
Capital expenditure refers to money spent on __ which will last for more than one year.
non-current (fixed) assets
Revenue expenditure is money spent on __ which do not involve the purchase of a long-term asset.
day-to-day expenses
Internal finance is obtained from __ the business itself.
within
External finance is obtained from __ of and separate from the business.
sources outside
Debt factoring involves a business selling its unpaid customer invoices to a third-party finance company at a __ for immediate cash.
discount
Crowdfunding is funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the __.
internet
Short-term finance provides the working capital needed by businesses for __ operations.
day-to-day
An overdraft is arranged by a bank, giving a business the right to __ its bank account.
‘overdraw’