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Business Finance Chapter 3

Business

9th - 12th Grade

Used 20+ times

Business Finance Chapter 3
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual or organization that provides funds to a business, to be repaid a future date is

a creditor

an investor

a loan shark

a fool

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount paid for the privilege of borrowing money is called

interest

rate of return

cash flow

operating budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An asset promised by a business to a creditor if repayment of a loan isn't completed

interest

owner's equity

collateral

goodwill

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identifies the assets, liabilities, and equity of a business as of a specific date.

income statement

cashflow statement

balance statement

owner's equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decline in the value of an asset as it ages is known as

devaluation

depreciation

recission

a bummer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are assets?

cash, land and capital equipment

mortgage

retained earnings

interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you find a company's net income?

Sales revenue plus cost of sales, expenses, interest, taxes

income = cost of sales and operating expenses

Sales revenue minus cost of sales, expenses, interest, taxes

assets = liabilities + owner's equity

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