Entrepreneurship II - Objective 5.02 Vocabulary Quiz

All monies owed to a firm by its customers.

• Loan

• Accounts Receivable

• Cash Flow

• Cash Payments

Monies spent to make the public aware of products or services.

• Assets

• Advertising Fees

• Costs of Goods

• Cash Payments

Anything of value that a business owns.

• Owner Equity

• Creditworthy

• Assets

• Cost of Goods

The amount of money a business has available at the beginning of each month.

• Beginning Cash Balance

• Ending Cash Balance

• Cash Flow

• Cash Surplus

Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance).

• Benefits

• Assets

• Payroll

• Loan

A document that grants permission to operate a business.

• Permit

• Business Plan

• Business License

• Cash Flow Statement

The movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time.

• Cash Flow

• Cash Receipts

• Cash Surplus

• Interest

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

• Cash Flow Statement

• Income Statement

• Balance Sheet

• Business Plan

The money that a business spends (e.g., business expenses).

• Cash Receipts

• Cash Surplus

• Cash Payments

• Cash Flow

The money that a business collects (e.g., business income).

• Cash Receipts

• Cash Payments

• Cash Surplus

• Cash Flow