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6. What is the correct definition for venture capital?
- A special type of loan used for purchasing property
- Where a firm sells on its debt to a third party factor
- Capital invested at an early stage by an individual/company in return for equity in the business
- Where a bank allows a firm to take out more money that is in its bank account
7. Which of the following is an internal source of finance?
- Bank loans
- Retained profit
- Overdraft
- Venture capital
8. Which of the following is not an example of a short term source of finance
- Sale of assets
- Overdraft
- Debt factoring