Generic Questions Flashcards
1
Q
External sources of finance
A
Grant Mortgage Bank loan Hire purchase Trade credit Venture capital Overdraft Share capital Lensing
2
Q
Internal sources of finance
A
Retained profit
Owners equality
3
Q
Pros of Quality control
A
Minimise distribution of faulty goods
Less time consuming format of managing quality
4
Q
Negatives of quality control
A
If production fault occurs early entire batch wasted.
Increase variable cost check production
5
Q
Pros of quality assurance
A
Empowering and trusting employees to identify problems again
Minimise wastage
Help reduce cost in long term
6
Q
Negatives quality assurance
A
Extremely time consuming
Possibly paying staff -> skills
Short term increase in cost to train then staff
