Other sources of capital - SS1 Commerce Past Questions and Answers - page 1
1
What is trade credit?
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A
Long-term borrowing facility
B
Delayed payment to suppliers
C
Equipment leasing agreement
2
Which source of capital involves obtaining the use of equipment without purchasing it outright?
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A
Trade credit
B
Equipment leasing
C
Bank loan
3
What is the primary purpose of obtaining credits?
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A
Accessing short-term financing
B
Accessing short-term financing
C
Acquiring equipment on lease
4
Which source of capital allows businesses to purchase goods or services on credit?
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A
Equipment leasing
B
Trade credit
C
Bank loan
5
What does equipment leasing involve?
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A
Accessing short-term financing
B
Obtaining the use of equipment from a leasing company
C
Delayed payment to suppliers
6
State one advantage of trade credit for businesses.
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7
What is the primary benefit of equipment leasing for businesses?
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