POB - Ch. 12 - Financial Management Key Terms

POB - Ch. 12 - Financial Management Key Terms

9th - 12th Grade

17 Qs

quiz-placeholder

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POB - Ch. 12 - Financial Management Key Terms

POB - Ch. 12 - Financial Management Key Terms

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Brian Boyd

Used 2+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

_____________________ is the value of the owner's investment in the business.
Liabilities
Assets
Owner's Equity
Cash Budget

2.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

All income that a business receives over a period of time is called _________________________.
Revenue
Operating Budget
Assets
Financial Records

3.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

_________________________________________ are comparisons of a company's financial elements that indicate how well the business is performing.
Operating Budget
Balance Sheet
Income Statement
Financial Performance Ratios

4.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

With _____________________, the employer transfers net pay electronically into the employee's bank account.
Payroll
Direct Deposit
Payroll Records
Budget

5.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

___________________ are the costs of operating a business.
Liabilities
Assets
Expenses
Revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

The _______________________________ describes the financial plan for ongoing operations of the business for a specific period.
Operating budget
Income statement
Payroll records
Financial records

7.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

The __________________________ plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
Operating budget
Income statement
Financial records
Start-up budget

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