Business Terms Flashcard - Week 1

Front

Which term describes the financial gain after all expenses are subtracted from revenue?

Back

Profit

Front

Which term refers to the point at which total revenue equals total costs, resulting in no net loss or gain?

Back

Break-even Point

Front

Which term refers to items that are produced for sale?

Back

Goods

Front

What is the fee a business pays to a lender to borrow money called?

Back

Interest

Front

What term describes an organization engaged in commercial, industrial, or professional activities?

Back

Business

Front

What is the financial benefit realized when revenue exceeds expenses, costs, and taxes?

Back

Profit

Front

Which term refers to the money a business pulls in after accounting for all expenses?

Back

Profit

Front

Which term is used to describe the amount of money a business earns over a set period?

Back

Revenue

Front

What is the term for the cost incurred by businesses in their daily operations?

Back

Expense

Front

What is the term for the point where a business neither makes a profit nor a loss?

Back

Break-even Point