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O3IDBUS2-3

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Question 1 of 4

Drag and drop the words into the correct gaps.

businesscompetenthelp

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?

Accountant

HR Associate

Customer Services manager

Facilities manager

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

Budget

Capital

Break-even point

Balance Sheet

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

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.

TRUE

FALSE

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