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O3IDBUS2-3

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Question 1 of 4

Drag and drop the words into the correct gaps.

competentbusinesshelp

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?

Facilities manager

Customer Services manager

Accountant

HR Associate

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

Break-even point

Balance Sheet

Capital

Budget

The point in which total business sales revenue equals total costs so that neither a profit or a loss is made by the business.

The ‘snapshot’ of the financial position of the business. It is based on: Assets minus liabilities equals capital.

A financial plan or forecast for a set period of time e.g. sales budget, cash flow budget.

The money invested in a business by its owners which finances the starting up and running of the business.

Is the following statement true or false? In order for a business to be successful they must borrow money from a bank.

FALSE

TRUE

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