Factors Affecting The Sources Of Finance - Pt 2

Question 1 / 9

🏆 Rank #-- ▾

Score 0/100

1. The cost of borrowing is usually expressed in terms of the A.P.R. What does A.P.R. stand for? (Select 1)

Annual Percentage Rate

Average Percentage Rate

Additional Percentage Rate

Accumulative Percentage Rate

About This Quiz

You may optionally provide this to label your report, leaderboard, or certificate.

The trader has unlimited liability and runs the business in conjunction with the providers of loan finance

The trader has unlimited liability and must have the business accounts audited

The trader has unlimited liability, takes sole responsibility for management of the business and no audit is needed

Sole Trader

Private Limited Company

Limited Liability Partnership

Partnership

The cost associated with investing in one course of action rather than another

The cost associated with developing a new business opportunity

The cost associated with one failing to take advantage of an opportunity

The cost associated with increasing the number of available opportunities

The owner has unlimited liability

The business is owned by one person

The owner keeps all of the profits

The owner has limited liability

The business's accounts need to be made public

There are no employees

Submit

Shareholders have limited liability

Shares can be sold to the general public

The word Limited or Ltd. is displayed after the company name

The Memorandum and Articles of Association have to be sent to Companies House

True

False

Private Limited Companies generally face fewer regulations

Private Limited Companies generally face lower taxes

Private Limited Companies generally find it easier to raise capital

Private Limited Companies enjoy limited liability

Submit

Thank you for your feedback!