O3IDBUS2-3
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Drag and drop the words into the correct gaps.
There is a lot of around for people who want to start up a or develop a new idea. It is great to obtain the finance needed, but that finance needs to be managed by people.
Who should you ask about the different sources of finance at your organisation if you wanted to know more about it?
Customer Services manager
Facilities manager
HR Associate
Accountant
Match the words on the left with the items on the right.
Drag and Drop items from one side to pair them with items from the other side
Balance Sheet
Break-even point
Budget
Capital
The money invested in a business by its owners which finances the starting up and running of the business.
The point in which total business sales revenue equals total costs so that neither a profit or a loss is made by the business.
A financial plan or forecast for a set period of time e.g. sales budget, cash flow budget.
The ‘snapshot’ of the financial position of the business. It is based on: Assets minus liabilities equals capital.
Is the following statement true or false? In order for a business to be successful they must borrow money from a bank.
TRUE
FALSE
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