Micro-Enterprise KFC Set 4 and 5 Vocabulary

Micro-Enterprise KFC Set 4 and 5 Vocabulary

11th - 12th Grade

23 Qs

quiz-placeholder

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Micro-Enterprise KFC Set 4 and 5 Vocabulary

Micro-Enterprise KFC Set 4 and 5 Vocabulary

Assessment

Quiz

Business

11th - 12th Grade

Easy

Created by

Lisa Lang

Used 3+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. The amount of money borrowed.

Unsecured Debt

Total Costs

Principal

Secured Debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. An investment vehicle, including stocks, bonds, and mutual funds.

Security

Sweat equity

Variable Costs

Unsecured Debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Costs that vary based on the units sold by your enterprise.

Profit

Variable Costs

Units

Total Costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. A company that provides a good or service to another company. Example: "I buy hair care products from my distributor and sell them to my customers.

Target market

Selling

Semi-Variable Costs

Supplier

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.  A legal agreement that an asset is part of a guarantee to a lender, when the lender can take possession of the assets and sell it to recover the funds owed by a borrower in the event the borrower is unable to make a required debt payment.

Pledged

Trade References

Pro Forma

Sweat Equity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. The exact customers and market sector the business intends to serve.

Stakeholders

Supplier

Units

Target Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment. Can be guaranteed by the entrepreneur or by any credit-worthy guarantor.

Secured Debt

Total Revenue

Unsecured Debt

Real Estate

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