Business Vocabulary Game

Choose the correct definition for the vocabulary word below.

What is an Invoice?

• An Invoice is a bill that sets an amount to be paid, and what is being paid for. It provides credit to business costumers.

• An Invoice is a check that you get yearly.

• An Invoice is a bill that gives credit to yourself, and credit to others including friends and family.

• An Invoice is a message that someone leaves for you.

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What is a Balance Sheet?

• A sheet that explains how much money is left to pay off.

• A sheet that shows a business and how it was made.

• A sheet that shows what a business owns and the claims against the business on a specific date. Claims are on the right and assets are on the left.

• A sheet that shows a business and how the claims and assets are always together in the same group. It helps with keeping track of money.

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What is Equity Capital?

• An investment that is made by a shareholder, who shares in a company's stock.

• A person that is known as an investor.

• An investment that helps friends and family.

• A person that deals with assets that are not owned.

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Debt Capital

• A capital that is eventually repaid as soon as possible to keep the business going.

• A capital that a business raises by taking out a loan. It is normally repaid in the future.

• A capital that doesn't raise any money.

• A capital that only takes out loans, no money is raised.

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What is an Income Statement?

• A way to show others what you have made or will make in the future.

• A way to see money that is earned.

• A way to show profit or loss of an account. To show income and expenses for a period of time.

• A way to figure out how much money you will need to pay right away.

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What is Line of Credit?

• Credit that is extended by a bank or other financial institutions. It enables the customer a way to know what funds are needed.

• Credit that is extended and shown in the form of a balance sheet.

• Credit that is extended by a lawyer and not a bank.

• Credit that is very hard to get, especially from a bank or other financial institutions.

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What is a Financial ratio?

• One of the many financial statements are used to help with a business. But it doesn't help with any organization at all.

• Only one financial organization is used, but all of the information is used for a claim.

• Only one financial statement is used and not much information is gathered.

• One of many ways that takes values from financial statements. Used to evaluate overall financial organization and measure the different relationships.

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What is Collateral?

• Something of value is pledged for the repayment of a loan, and once it is paid your valued things will be kept.

• Something of value pledged as security for repayment of a loan. This could be anything with value, and if you forfeit you loose your valued things and the loan is not payed.

• Something that is not of value is taken and you will not have to pay for the loan at all.

• Something of value is taken but once it is, the loan will be payed off.

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What is Factoring?

• When a business sells a type of Finance to get a specific amount of investments.

• When a business has accounts to check a persons balance.

• When a business sells accounts receivable to another company at a discount to raise cash.

• When a business sells a type of Finance, which sells its accounts to a third party to see if it meets the liquidity needs.

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What does Cash Flow Analysis Statement mean?

• A way to know or show how much a business earns and whether you have enough to cover financial obligations.

• To show how much money you have saved over the years.

• To show how much money you have and if it is enough, and if you have more money left over after the bills are paid.

• To show how much money you will need in the next five years.