Credit Basics for Business

Froggy Jumps

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Learn the essentials of business credit.

Créé par

sarah ayyad

United Arab Emirates

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Credit Basics for Business


Froggy Jumps Credit Basics for BusinessVersion en ligne Learn the essentials of business credit. par sarah ayyad 1 What is the main purpose of business credit? a To avoid taxes on profits b To save unused cash in a vault c To borrow money to grow and operate the business 2 Which is a common type of business credit? a Equity crowdfunding b Employee benefits c Line of credit 3 What is a major pro of using business credit? a Improves cash flow for operations b eliminates taxes c Lowers employee salaries 4 One main disadvantage of business credit? a Interest and fees b Guaranteed profits c No repayment required 5 What happens if a business misses a payment on credit? a Debt erased automatically b Immediate grant of more credit c Late fees and higher interest may apply 6 Which factor typically affects your credit score? a Office location b Timely payments c Number of employees 7 What is debt default in business terms? a Paying off early b Failing to meet debt obligations c Signing a new loan 8 Which consequence can result from high debt? a Automatic grant approval b Liquidity problems c Increased cash reserves 9 What is 'trade credit'? a Credit extended by suppliers for goods/services b Employee loan program c A government grant program 10 Which is a benefit of building business credit? a Reduced revenue b Higher taxes c Easier access to larger financing 11 What might lenders assess before approving credit? a Creditworthiness and cash flow b Brand color scheme c Number of office dogs 12 Which action can hurt a business credit score? a Reinvesting profits b Diversifying suppliers c Missing multiple payments 13 What is a risk of taking on too much debt? a Increased default risk b Lower wages for staff c Faster growth 14 What legal action may occur if debt remains unpaid? a Credit becomes gifting b Automatic debt forgiveness c Collection efforts or lawsuits

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Credit Basics for Business

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Credit Basics for BusinessVersion en ligne

par sarah ayyad

What is the main purpose of business credit?

Which is a common type of business credit?

What is a major pro of using business credit?

One main disadvantage of business credit?

What happens if a business misses a payment on credit?

Which factor typically affects your credit score?

What is debt default in business terms?

Which consequence can result from high debt?

What is 'trade credit'?

Which is a benefit of building business credit?

What might lenders assess before approving credit?

Which action can hurt a business credit score?

What is a risk of taking on too much debt?

What legal action may occur if debt remains unpaid?