Shark Tank & Profit Vocab Quiz

What is the Break-even Point?

• The point at which total cost and total revenue are equal

• The point at which a company starts making a profit

• The point at which a company incurs a loss

• The point at which total revenue exceeds total cost

What is Capital in the context of business?

• Wealth in the form of money or assets owned by a business

• The total revenue generated by a business

• The total profit made by a business

• The total expenses incurred by a business

What is Contingency in business terms?

• A past event or circumstance that has impacted the business

• A present event or circumstance that is affecting the business

• A future event or circumstance that is possible but cannot be predicted with certainty

• A future event or circumstance that is certain and predictable

What is Convertible Debt?

• A loan that has to be repaid in a single installment

• A loan that can be changed into equity at a later date

• A loan that can only be used for specific purposes

• A loan that has no interest attached to it

What is Distribution in the context of business?

• The method or process by which a product or service is delivered to customers

• The process of marketing a product

• The process of designing a product

• The process of manufacturing a product

What is Due Diligence in the context of investment?

• A financial report for investment

• A marketing strategy for investment

• A legal document for investment

• An investigation or audit of a potential investment

What is Equity in the business context?

• The total revenue of a company

• The total assets of a company

• The ownership interest in a company

• The total liabilities of a company

What is a Franchise in business terms?

• A financial report for business operations

• An authorization allowing a third party to conduct certain commercial activities

• A marketing strategy for business operations

• A legal document for business operations

What is Inventory in the context of business?

• The total profit made by a business

• The total revenue generated by a business

• The raw materials, work-in-process goods, and finished goods that a business has on hand

• The total expenses incurred by a business

What is Leverage in the context of investment?

• Using borrowed capital for an investment, expecting the profits made to be greater than the interest payable

• Using charity funds for an investment

• Using government grants for an investment

• Using personal savings for an investment