business IGCSE

Question 1

cash and other assets expected to be exchanged for cash or consumed within a year

Answer 1

current assets

Question 2

Long-term assets that are relatively permanent such as land, buildings, or equipment.

Answer 2

fixed assets

Question 3

represents the difference between a company’s current assets and current liabilities

Answer 3

working capital

Question 4

the use of small amounts of capital from a large number of individuals to finance a new business venture

Answer 4

crowd funding

Question 5

provision of small loans and other financial services to individuals and small businesses in developing countries

Answer 5

micro finance

Question 6

investment spending on fixed assets such as the purchase of land and buildings

Answer 6

capital expenditure

Question 7

the difference between cash coming in and cash going out of a business

Answer 7

cash flow

Question 8

arrangement with a bank to borrow more money than the company has in its account

Answer 8

overdraft

Question 9

the process of selling off assets to repay creditors and dissolve a business

Answer 9

liquidate

Question 10

financial obligations or debts that a company is expected to settle within a relatively short period, typically within one year

Answer 10

current liabilities

Question 11

assets are assets that are not expected to be converted into cash or used up within one year

Answer 11

non-current assets