Business Units Quiz 4 (Form 4, Economics)

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True/False questions on business units in Cameroon

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YAKILI LMS

Cameroon

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Business Units Quiz 4 (Form 4, Economics)


Business Units Quiz 4 (Form 4, Economics)Online version True/False questions on business units in Cameroon by YAKILI LMS 1 Hire purchase involves paying installments to own the asset later. Yes No 2 Selling outdated assets reduces cash flow. Yes No 3 Outdated assets can be disposed of to raise funds. Yes No 4 Subsidies reduce the cost of production. Yes No 5 Continuity of a partnership can be affected by the withdrawal of a partner. Yes No 6 Borrowing from njangi involves group savings and rotating credit. Yes No 7 Grants must be repaid with interest. Yes No 8 Continuity assurance is guaranteed in a partnership with indefinite life. Yes No 9 Depreciation is a non-cash expense that lowers profit before tax. Yes No 10 Njangi borrowing requires formal collateral like fixed assets. Yes No 11 Leasing contracts can include maintenance services. Yes No 12 Depreciation charges create non-cash expenses. Yes No 13 Business privacy refers to keeping business affairs confidential within limits. Yes No 14 Commercial banks require collateral for loans, depending on risk. Yes No 15 Trade credits can improve a firm’s liquidity. Yes No 16 Trade credits allow buyers to defer payment. Yes No 17 Continuity is more secure in a company than in a sole proprietorship. Yes No 18 A joint venture is a form of business unit that can involve partnership. Yes No 19 Hire purchase transfers ownership at the time of signing the contract. Yes No 20 Government grants sometimes require meeting conditions. Yes No 21 A sole trader needs at least three partners to form a business. Yes No 22 Display of business privacy implies non-disclosure of sensitive information to outsiders. Yes No 23 A partnership is formed by agreement between two or more persons to carry on a business. Yes No 24 Plough back profits increases internal funds. Yes No 25 Grants and subsidies are often tied to performance targets. Yes No 26 Admission of new partners changes capital structure. Yes No 27 Leasing is a method of acquiring assets without full purchase. Yes No 28 Commercial banks provide term loans to businesses. Yes No 29 Easy formation reduces start-up time for small businesses. Yes No 30 Formation of business units can be easy when there is a legal framework. Yes No 31 NGOs can help with market information. Yes No 32 A partnership may share profits as agreed in the partnership deed. Yes No 33 Leasing provides ownership immediately. Yes No 34 Interest on bank loans is a cost to the business. Yes No 35 Hire purchase is different from leasing because ownership transfers after payment. Yes No 36 Past savings can be reinvested as plough back profits. Yes No 37 NGOs can provide business support and training. Yes No 38 Njangi borrowing uses social collateral rather than formal collateral. Yes No 39 Grants and subsidies are non-repayable assistance. Yes No 40 Depreciation charges reduce taxable income. Yes No 41 Easy formation of a business unit can attract foreign investors. Yes No 42 Depreciation increases cash flow. Yes No 43 Admission of new partners can change profit sharing ratios. Yes No 44 A partnership is automatically a separate legal person from its partners. Yes No 45 Access to additional capital improves business expansion opportunities. Yes No 46 Outdated asset sales are a source of cash flow for firms. Yes No 47 Saving from profits increases equity. Yes No 48 Increase in capital can come from new partners or reinvestment. Yes No 49 Trade credits always require payment upfront. Yes No 50 Specialisation allows workers to perform specific tasks more efficiently. Yes No

Business Units Quiz 4 (Form 4, Economics)

Yes or No

About this activity

Created by

Download the paper version to play

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Yes or No

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Yes or No

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Business Units Quiz 4 (Form 4, Economics)Online version

by YAKILI LMS

Hire purchase involves paying installments to own the asset later.

Selling outdated assets reduces cash flow.

Outdated assets can be disposed of to raise funds.

Subsidies reduce the cost of production.

Continuity of a partnership can be affected by the withdrawal of a partner.

Borrowing from njangi involves group savings and rotating credit.

Grants must be repaid with interest.

Continuity assurance is guaranteed in a partnership with indefinite life.

Depreciation is a non-cash expense that lowers profit before tax.

Njangi borrowing requires formal collateral like fixed assets.

Leasing contracts can include maintenance services.

Depreciation charges create non-cash expenses.

Business privacy refers to keeping business affairs confidential within limits.

Commercial banks require collateral for loans, depending on risk.

Trade credits can improve a firm’s liquidity.

Trade credits allow buyers to defer payment.

Continuity is more secure in a company than in a sole proprietorship.

A joint venture is a form of business unit that can involve partnership.

Hire purchase transfers ownership at the time of signing the contract.

Government grants sometimes require meeting conditions.

A sole trader needs at least three partners to form a business.

Display of business privacy implies non-disclosure of sensitive information to outsiders.

A partnership is formed by agreement between two or more persons to carry on a business.

Plough back profits increases internal funds.

Grants and subsidies are often tied to performance targets.

Admission of new partners changes capital structure.

Leasing is a method of acquiring assets without full purchase.

Commercial banks provide term loans to businesses.

Easy formation reduces start-up time for small businesses.

Formation of business units can be easy when there is a legal framework.

NGOs can help with market information.

A partnership may share profits as agreed in the partnership deed.

Leasing provides ownership immediately.

Interest on bank loans is a cost to the business.

Hire purchase is different from leasing because ownership transfers after payment.

Past savings can be reinvested as plough back profits.

NGOs can provide business support and training.

Njangi borrowing uses social collateral rather than formal collateral.

Grants and subsidies are non-repayable assistance.

Depreciation charges reduce taxable income.

Easy formation of a business unit can attract foreign investors.

Depreciation increases cash flow.

Admission of new partners can change profit sharing ratios.

A partnership is automatically a separate legal person from its partners.

Access to additional capital improves business expansion opportunities.

Outdated asset sales are a source of cash flow for firms.

Saving from profits increases equity.

Increase in capital can come from new partners or reinvestment.

Trade credits always require payment upfront.

Specialisation allows workers to perform specific tasks more efficiently.