DON'T CALL THEM MONEY! It is very common for some people to use the word MONEY wrongly. Money is not an accurate business word.

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Presentation transcript:

DON'T CALL THEM MONEY! It is very common for some people to use the word MONEY wrongly. Money is not an accurate business word.

All these words can be used as a better alternative than “money” 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: how to use accurate business words to describe money; The difference between different business concepts which could be described as money.

Situation one The owner's Money, which is put into a business, could be considered an internal source of finance. The word “Money” could be replaced with The owner's CAPITAL, which is put into a business, could be considered an internal source of finance.

Situation two There are two main methods of raising Money for a business; internal and external. The word “Money” could be replaced with There are two main methods of raising FINANCE for a business; internal and external.

Your task: Complete the worksheet on the correct terms to use instead of MONEY