Accounting Vocabulary
Authored by Robyn Bohn
Business
10th - 12th Grade
Used 4+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People are free to produce or purchase the goods and services that they choose
Free Enterprise System
Demand Economy
Entrepreneurship
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money earned over and above the amount spent to keep the business operating?
Capital
Profit
Asset
Loss
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneur
Person purchasing products
Person who transforms ideas for products or services into real word businesses
Person who obtains education in acounting
Person that purchases raw materials
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Spending more money than you earn
Loss
Liability
Profit
Expenditure
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that buys finished products and resells them
Service Business
Manufacturing Business
Sole Proprietorship
Merchandising Business
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Service Business
Airport
Walmart
Hair Stylist
Hobby Lobby
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buys raw materials and transforms into a finished product
Conglomerate
Service Business
Manufacturing Business
Tradesman
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