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Business
Business(Finance for business)
| Question | Answer |
|---|---|
| What are creditors? | Businesses that allow households and businesses to purchase goods from and pay them at a later stage- usually giving up to 60 days to pay |
| What are amounts due? | Another form of creditors that supply services such as electricity and telephone and accept payment at later time |
| What is bank overdraft? | Banks may allows households and businesses current account customers to take more money out of thee current account than is in it |
| What is a term loan? | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment |
| What is hire purchase(HP)? | This offers immediate used and the eventual ownership of a good. Used to purchase cars,equipment and furniture |
| What is leasing? | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership |
| What is the owners capital? | Money put up buy the owners of a business. The amount depends on the type of business ownership |
| What is a grant? | A non-repayable sum of money given by the government of the EU |
| What are retained earnings(Reserves or savings) | Available to a household or business that has made a profit and kept some income |
| What is a long-term loan? | Obtained from a financial institution for a period longer than five years.Household loads are called mortgages |
| What are creditors? | Businesses that allow households and businesses to purchase goods from and pay them at a later stage- usually giving up to 60 days to pay |
| What are amounts due? | Another form of creditors that supply services such as electricity and telephone and accept payment at later time |
| What is bank overdraft? | Banks may allows households and businesses current account customers to take more money out of thee current account than is in it |
| What is a term loan? | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment |
| What is hire purchase(HP)? | This offers immediate used and the eventual ownership of a good. Used to purchase cars,equipment and furniture |
| What is leasing? | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership |
| What is the owners capital? | Money put up buy the owners of a business. The amount depends on the type of business ownership |
| What is a grant? | A non-repayable sum of money given by the government of the EU |
| What are retained earnings(Reserves or savings) | Available to a household or business that has made a profit and kept some income |
| What is a long-term loan? | Obtained from a financial institution for a period longer than five years.Household loads are called mortgages |
| kk |
Created by:
Chimozukee
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