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Entrepreneurship II - Objective 5.01 Vocabulary Quiz

Authored by Nina Southern

Business

9th - 12th Grade

18 Questions

Used 15+ times

Entrepreneurship II - Objective 5.01 Vocabulary Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net Income.

Bottom Line

Profit

Operating Expenses

Gross Profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial summary with estimates as to when, where, and how much money will flow into and out of a business.

Income Statement

Earnings Statement

Cash Flow Statement

Profit-and-Loss Statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of comparing a business’s income statement with that of its competitors to see how it is doing by industry standards.

Earnings Statement

Bottom Line

Cash Flow Statement

Competitive Analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a business pays for the product it will sell.

Costs of Goods Sold

Income

Gross Profit

Profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals or businesses to whom a business owes money or from whom it wants to borrow money.

Creditors

Customers

Entrepreneurs

Employees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for an income statement.

Cash Flow Statement

Operating Expenses

Earnings Statement

Balance Sheet

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that a business spends.

Expense

Gross Profit

Income

Net Income

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