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DON'T CALL THEM MONEY!




It is very common for some pupils to wrongly use the word
MONEY in their answers. Money is not an accurate business
word. In actual fact the word MONEY could describe any of
the following:

1- capital;
2- finance;
3- profit;
4- tax;
5- loan;
6- grant;
7- interest;
8- credit;
9- dividends;
10-wages;
11-overdraft;
12-revenue;
13-cash.


In this activity you are going to learn:

  1. how to use accurate business words to describe money;

  2. the difference between different      business   concepts
     which could be described as money.

Task

In this task you have to find out the best business word
from the list above which would describe the word Money in
each of the following situations.


Situation one

The owner's Money, which is contributed into a business,
could be considered as internal source of finance.

The word “Money” could be replaced with...........
Situation two

There are two main methods of       raising   Money   for   a
business, internal and external.

The word “Money” could be replaced with...........

Situation three

The main objective for a business in the privates sector
is to make money.

The word “Money” could be replaced with...........

Situation four

One of the methods of Raising finance for a business is to
get Money from a bank or building society.

The word “Money” could be replaced with...........

Situation five

Getting Money from the central or local government could
be one of the methods to raise finance for small
businesses.

The word “Money” could be replaced with...........

Situation six

If you get a loan from a bank or a building society you
have to pay Money.

The word “Money” could be replaced with...........

Situation seven

Capital as a factor of production is rewarded with Money.

The word “Money” could be replaced with...........

Situation eight

Shareholders get at the end of the financial year Money as
a reward for investing into the company.

The word “Money” could be replaced with...........

Situation nine
The owner of a business (entrepreneur) pays labour Money
for hiring their skills.

The word “Money” could be replaced with...........




Situation ten

At the end of the every month employees in a business get
paid Money.

The word “Money” could be replaced with...........

Situation eleven

The government takes Money from employees’ salaries or
workers wages at the end of every month.

The word “Money” could be replaced with...........

Situation twelve

If a business makes profit it has to pay Money to the
government.

The word “Money” could be replaced with...........


Situation thirteen

Any business has to generate enough Money to cover its
costs to be able to break even.

The word “Money” could be replaced with...........

Situation fourteen

Any business needs Money for the day to day running of the
business.

The word “Money” could be replaced with...........

Situation fifteen

Roberts Trading Ltd has arranged with Lloyds         Bank   to
have Money for only 48 hours to pay suppliers.

The word “Money” could be replaced with...........
Situation sixteen

The entrepreneur of a business    pays   the   owner   of   the
land Money for hiring the land.

The word “Money” could be replaced with...........

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Pdf Finance Doc2

  • 1. DON'T CALL THEM MONEY! It is very common for some pupils to wrongly use the word MONEY in their answers. Money is not an accurate business word. In actual fact the word MONEY could describe any of the following: 1- capital; 2- finance; 3- profit; 4- tax; 5- loan; 6- grant; 7- interest; 8- credit; 9- dividends; 10-wages; 11-overdraft; 12-revenue; 13-cash. In this activity you are going to learn: 1. how to use accurate business words to describe money; 2. the difference between different business concepts which could be described as money. Task In this task you have to find out the best business word from the list above which would describe the word Money in each of the following situations. Situation one The owner's Money, which is contributed into a business, could be considered as internal source of finance. The word “Money” could be replaced with...........
  • 2. Situation two There are two main methods of raising Money for a business, internal and external. The word “Money” could be replaced with........... Situation three The main objective for a business in the privates sector is to make money. The word “Money” could be replaced with........... Situation four One of the methods of Raising finance for a business is to get Money from a bank or building society. The word “Money” could be replaced with........... Situation five Getting Money from the central or local government could be one of the methods to raise finance for small businesses. The word “Money” could be replaced with........... Situation six If you get a loan from a bank or a building society you have to pay Money. The word “Money” could be replaced with........... Situation seven Capital as a factor of production is rewarded with Money. The word “Money” could be replaced with........... Situation eight Shareholders get at the end of the financial year Money as a reward for investing into the company. The word “Money” could be replaced with........... Situation nine
  • 3. The owner of a business (entrepreneur) pays labour Money for hiring their skills. The word “Money” could be replaced with........... Situation ten At the end of the every month employees in a business get paid Money. The word “Money” could be replaced with........... Situation eleven The government takes Money from employees’ salaries or workers wages at the end of every month. The word “Money” could be replaced with........... Situation twelve If a business makes profit it has to pay Money to the government. The word “Money” could be replaced with........... Situation thirteen Any business has to generate enough Money to cover its costs to be able to break even. The word “Money” could be replaced with........... Situation fourteen Any business needs Money for the day to day running of the business. The word “Money” could be replaced with........... Situation fifteen Roberts Trading Ltd has arranged with Lloyds Bank to have Money for only 48 hours to pay suppliers. The word “Money” could be replaced with...........
  • 4. Situation sixteen The entrepreneur of a business pays the owner of the land Money for hiring the land. The word “Money” could be replaced with...........