Unit 3- Business Finance- Recap Lesson 1 LA-A

Unit 3- Business Finance- Recap Lesson 1 LA-A

What is the role of finance in business?

1. Design marketing campaigns
2. Develop new products
3. Handle customer service
4. Manage funds and optimize financial resources

What is capital?

1. A form of punishment
2. Wealth used to create more wealth
3. A type of letter
4. The capital city

What are resources in the context of finance?

1. Human skills and abilities.
2. Physical materials used in production.
3. Natural reserves like oil and minerals.
4. Money available for use or investment.

Accountants look backward into the books, and finance managers look forward to see what to do with money: true or false

1. True
2. False

How does Netflix generate revenue?

1. Subscription-based
2. Advertising
3. E-commerce
4. One-off

How does Amazon generate revenue?

1. Subscription-based
2. Advertising
3. E-commerce
4. One-off

How does Google generate revenue?

1. Subscription-based
2. Advertising
3. E-commerce
4. One-off

How does Apple generate revenue?

1. Subscription-based
2. Advertising
3. E-commerce
4. One-off

What is true about investing in a Start-up?

1. Get complete control
2. You have strict regulations
3. High risk - high growth potential
4. Shares publicly traded

What is true about a sole trader?

1. High risk
2. Shares publicly traded
3. Strict regulations
4. Complete control by owner

What is true about a private limited company?

1. Less liability (risk) for the owner
2. High risk
3. Shares publicly traded
4. Simple setup

What is true about a Public Limited Company?

1. Shares not publicly traded
2. Complete control owner
3. Shares publicly traded
4. Limited access to finance