Column 1 is a list of finance terms - Leaving Cert Business - Question 4 - 2018
Question 4
Column 1 is a list of finance terms. Column 2 is a list of possible explanations for these terms.
(One explanation does not refer to any of these finance terms.)
1.... show full transcript
Worked Solution & Example Answer:Column 1 is a list of finance terms - Leaving Cert Business - Question 4 - 2018
Step 1
1. Leasing
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
E. Purchasing an asset by installments over time.
Step 2
2. Hire Purchase
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
D. Renting an asset but never owning it.
Step 3
3. Overdraft
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
A. A facility on a current account that allows you to access funds to an agreed limit above your actual balance.
Step 4
4. Grant
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
B. A financial contribution given by an organisation for a specified purpose, provided certain conditions have been met.
Step 5
5. Trade Credit
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
F. Receiving goods from suppliers and paying for them later.
Join the Leaving Cert students using SimpleStudy...
