F2- Sources of Finance Flashcards

1
Q

Why do businesses need additional finance?

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2
Q

What are internal sources of finance?

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3
Q

What are external sources of finance?

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4
Q

What are short term sources of finance?

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5
Q

What are long-term sources of finance?

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6
Q

What is retained profit?

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7
Q

Retained profit advantages

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8
Q

Retained profit disadvantages

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9
Q

What is selling assets?

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10
Q

Advantages of selling assets

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11
Q

Disadvantages of selling assets

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12
Q

What is trade credit?

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13
Q

Advantages of trade credit

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14
Q

Disadvantages of trade credit

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15
Q

What is a bank loan?

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15
Q

Advantages of a bank loan

16
Q

Disadvantages of a bank loan

17
Q

What is an overdraft?

18
Q

Advantages of an overdraft

19
Q

Disadvantages of an overdraft

20
Q

What is share capital?

21
Q

Advantages of share capital

22
Q

Disadvantage of share capital

23
Q

What is hire purchase?

24
Q

Advantages of hire purchase

25
Q

Disadvantages of hire purchase

26
Q

What is leasing?

27
Q

Advantages of leasing

28
Q

Disadvantages of leasing