Unit 3 Test Intro to Bus Finance

Front

Imagine you're assisting Avery and Priya with their lemonade stand accounting. What should the balance sheet do between assets and liabilities/owner's equity?

Back

To ensure it balances

Front

What is the primary function of NASDAQ in the financial world?

Back

Facilitating the trading of stocks

Front

In the realm of the 3 Cs of credit, what does "character" refer to?

Back

Your trustworthiness

Front

Imagine Harper, Arjun, and Zoe are starting a company and decide to go public. What type of financing are they using with an IPO?

Back

Equity financing

Front

You're planning a weekend trip with friends and after budgeting for travel and accommodation, you calculate your remaining funds. This remaining money is similar to your disposable income, which is the money you have left after:

Back

Covering all necessary expenses

Front

Which asset is the most liquid: Real estate, Stocks, Bonds, or Cash?

Back

Cash

Front

As an investor, you receive a portion of the company's earnings. What is this payment called?

Back

Dividends

Front

Where are creditor accounts listed on the balance sheet?

Back

Liability section of the balance sheet

Front

Imagine you're in a financial adventure with Michael, Mason, and Maya. Which type of loan typically has a lower interest rate than credit cards?

Back

Mortgages

Front

What happens to the withdrawals from Roth 401(k) accounts at a retirement party for Arjun, Avery, and Nora?

Back

Not taxed