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Ch. 12 Financial Management

Authored by Katie Blair

Business

9th - 12th Grade

Used 24+ times

Ch. 12 Financial Management
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All income that a business receives over a period of time.

Revenue

Expenses

Budget

Cash Budget

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The costs of operating a business.

Revenue

Expenses

Operating Budget

Cash Budget

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Detailed plans for the financial needs of individuals, families, and businesses.

Revenue

Expenses

Operating Budget

Budget

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.

Start-up Buget

Expenses

Operating Budget

Budget

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Describes the financial plan for ongoing operations of the business for a specific period of time.

Start-up Buget

Expenses

Operating Budget

Cash Budget

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An estimate of the actual money received and paid out for a specific period.

Start-up Buget

Revenue

Budget

Cash Budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basic financial equation is...

revenue - profit = loss

expenses + revenue = profit or loss

profit - loss = revenue and expenses

revenue - expenses = profit or loss

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