Topic 6 Quiz

1. What is the best way to finance your business?

a. Personal savings

b. Business profits

c. Loans

d. Trade credit

2. What is a good way to manage your business finances?

a. Spend all the profit

b. Know how much money is going in and out of your business

c. Spoil your children with business income

d. Do not pay your suppliers

3. Which of the following is not a function of budgeting?

a. Planning

b. Decision Making

c. Motivating

d. Controlling