Financing a Business Vocab Quizziz

Mason, Zoe, and Grace are starting a lemonade stand. What is the term for the first infusion of capital they use to get their business started?

• cash flow

• grant

• loan

• seed money

Organize these options into the right categories

Groups:

(a) fixed assets

,

(b) variable assets

• land

• buildings

• raw materials

• equipment

• inventory

• cash

Imagine Grace, Arjun, and Avery started a lemonade stand. What would you call the money they spend on lemons, sugar, and other ingredients to make their delicious lemonade?

profit = total ​ (a)   - total ​ (b)  

• revenue
• cost

Imagine Abigail, Scarlett, and Luna are playing a game of Monopoly. In the game, ____________ is a decrease or loss in value of their properties. Can you guess what it is?

• sunk cost

• depreciation

• bankruptcy

• debt

Banks are ​ (a)   institutions that accept ​ (b)   and make ​ (c)  

• financial
• deposits
• loans

Zoe has a lemonade stand and she is trying to understand her assets. She learned that (a)   are assets that will be converted into cash within one year. Can you help her identify this?

On the other hand, Elijah and Isla are planning to start a small business and they learned about (b)   which are assets that are expected to be used in business operations for longer than one year. Can you help them identify this?

• short term assets

• long term assets

• short term liabilities

• long term liabilities

Imagine Charlotte and Nora are running a lemonade stand. They have some (a)   that must be paid off soon, usually within a year or less, like the cost of lemons and sugar.

On the other hand, Arjun has started a small tech startup. He has some (b)   that he expects to pay after one year, like the cost of new computers and software.

• short term liabilities

• long term liabilities

• short term assets

• long term assets

​ (a)   are ​ (b)   , member-owned financial cooperatives that offer the full variety of ​ (c)   services to their ​ (d)   .

• Credit Unions
• nonprofit
• banking
• members

Imagine Arjun, David, and Kai started a community project. They received a sum of money from a certain organization, perhaps the government, to fund their project. This money generally doesn't have to be paid back. What is this sum of money called?