A2 Business - Finance review

A2 Business - Finance review

12th Grade

10 Qs

quiz-placeholder

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A2 Business - Finance review

A2 Business - Finance review

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

CCSS
6.NS.C.5

Standards-aligned

Created by

V Turnbull

Used 43+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is asset?

An item of property owned by a person or company
An item owned by a business that lasts for several years.

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is NOT a source of Internal finance?

Retained profit
Sale of existing assets
Issue of shares
All are sources of Internal finance

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

They are considered owners of the business and have voting rights, entitled to dividends which depend on their share and earnings of the corporation. They are called _________.

stockholder

stakeholder

employees

investors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A card that borrows money but it has to be paid back

Debit Card 
Credit Card 
Baseball Card 
Pokemon Card 

Tags

CCSS.6.NS.C.5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How do we calculate total costs?

Fixed Costs - Variable Costs
Total Revenue - Fixed Costs
Variable Costs x Total Revenue
Fixed Costs + Variable Costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What happens at Break Even Point?

Company makes neither profit nor loss
Company makes profit
Company makes loss
Company goes bankrupt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Gross Profit - ??? = Net Profit

Expenses
Sales
Cost of Sales
Money Out

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