BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an example of an internal source of finance for a business?
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Overdraft
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Mortgage
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Sale of asset
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Leasing
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Explanation:
Detailed explanation-1: -Internal funding sources include your retained profits, start-up and additional tranches of investor funding, your stock and fixed assets on hand, and your collection of debt or money owed to you.
Detailed explanation-2: -Internal sources of finance refer to money that comes from within a business. There are several internal methods a business can use, including owners capital, retained profit and selling assets . Owners capital refers to money invested by the owner of a business. This often comes from their personal savings.
Detailed explanation-3: -Retained profit, sale of fixed assets, debt collection are some of the internal sources of finance or capital.
There is 1 question to complete.