Solvency: Solvency in a business context is:

A. The ability of a company to meet its long-term financial obligations

B. The ability of a company to make a profit

C. The ability of a company to increase its sales

D. The ability of a company to invest in new projects

Venture Capital: Venture capital in a business context is:

A. Money that is invested in new or emerging companies that are perceived as having high growth potential

B. Money that is invested in established companies that are perceived as having low growth potential

C. Money that is invested in real estate

D. Money that is invested in government bonds

Mortgage: A mortgage in a business context is:

A. A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments

B. A loan given by a bank to help a person buy a house

Revenue: Revenue in a business context is:

A. The money a business earns from selling its products or services

B. The money a business has left after it pays its costs

C. The money a business has to pay to its suppliers

D. The situation where a business's costs exceed its revenue

Commercial Bank: A commercial bank is:

A. A bank that provides services such as accepting deposits, providing business loans, and offering basic investment products

B. A bank that only provides loans to businesses

C. A bank that only accepts deposits from businesses

D. A bank that only offers investment products to businesses

Building Society: A building society is:

B. A financial institution owned by its members as a mutual organization

A. A society that builds houses for its members

C. A society that provides loans to builders

D. A financial institution that only provides mortgages

Loan: A loan in a business context is:

A. Money that is given by a bank or other financial institution with the expectation that it will be paid back with interest

B. Money that is given by a bank or other financial institution without any expectation of repayment

C. Money that is invested in a business in return for a share of the profits

D. Money that is donated to a business

Subsidy: A subsidy in a business context is:

A. A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive

Investment: An investment in a business context is:

A. The action or process of investing money for profit or material result

B. The action or process of spending money to buy goods or services

C. The action or process of borrowing money from a bank

D. The action or process of saving money in a bank account

Lease: A lease in a business context is:

A. A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment

B. A contract by which one party sells land, property, services, etc. to another

C. A contract by which one party lends money to another

D. A contract by which one party hires employees

Crowdfunding: Crowdfunding in a business context is:

A. The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet

B. The practice of funding a project or venture by taking a loan from a bank

C. The practice of funding a project or venture by selling shares of the business

D. The practice of funding a project or venture by selling the assets of the business

Credit Union: A credit union is:

C. A financial cooperative owned by its members, with the aim of providing credit at competitive rates

A. A union of employees who work in the credit department of a company

B. A financial institution that provides credit cards to its members

D. A financial institution that only provides loans to businesses

Loss: Loss in a business context is:

B. The money a business has left after it pays its costs

A. The money a business earns from selling its products or services

C. The money a business has to pay to its suppliers

D. The situation where a business's costs exceed its revenue

Fixed Costs: Fixed costs in a business context are:

A. Costs that remain constant regardless of the level of production or output

B. Costs that change in proportion to the level of production or output

C. Costs that a business incurs regardless of whether it makes a profit or a loss

D. Costs that a business can avoid if it stops operating

Surplus: Surplus in a business context refers to:

B. The amount by which a company's revenue exceeds its costs

A. The amount by which the cost of a company's products exceeds its revenue

C. The amount of money a company has saved

D. The amount of money a company has invested

Debtor: A debtor in a business context is:

A. A person or company that owes money

B. A person or company to whom money is owed

Contribution: Contribution in a business context is:

A. The difference between sales revenue and variable costs

B. The difference between sales revenue and fixed costs

C. The difference between sales revenue and total costs

D. The difference between sales revenue and profit

Income: Income in a business context is:

A. The money a business earns from selling its products or services

B. The money a business has left after it pays its costs

C. The money a business has to pay to its suppliers

D. The situation where a business's costs exceed its revenue

Net Profit: Net profit in a business context is:

A. The profit a company makes after deducting all its expenses, including operating expenses, interest, and taxes

B. The profit a company makes before deducting any expenses

C. The total revenue of a company

D. The total costs of a company

Trade Credit: Trade credit in a business context is:

A. The credit extended by one trader to another for the purchase of goods and services

B. The credit a business gets from a bank

C. The credit a business gets from the government

D. The credit a business gets from its employees

Debt: Debt in a business context is:

B. Money that is to be received

D. Money that is to be invested

Gross Profit: Gross profit in a business context is:

A. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services

B. The profit a company makes before deducting the costs associated with making and selling its products, or the costs associated with providing its services

C. The total revenue of a company

D. The total costs of a company

Debt: Debt in a business context is:

B. Money that is to be received

D. Money that is to be invested

Variable Costs: Variable costs in a business context are:

B. Costs that change in proportion to the level of production or output

A. Costs that remain constant regardless of the level of production or output

C. Costs that a business incurs regardless of whether it makes a profit or a loss

D. Costs that a business can avoid if it stops operating

Deficit: Deficit in a business context refers to:

A. The amount by which the cost of a company's products exceeds its revenue

B. The amount by which a company's revenue exceeds its costs

C. The amount of money a company has saved

D. The amount of money a company has invested

Cash Flow: Cash flow in a business context is:

A. The total amount of money being transferred into and out of a business

B. The total amount of money a business has in its bank account

C. The total amount of money a business has invested in stocks

D. The total amount of money a business has in cash registers

Break-even: Break-even in a business context is:

A. The point at which total cost and total revenue are equal

B. The point at which a business starts making a profit

C. The point at which a business starts making a loss

D. The point at which a business has to close down

Profit: Profit in a business context is:

A. The money a business earns from selling its products or services

B. The money a business has left after it pays its costs

C. The money a business has to pay to its suppliers

D. The money a business has to pay to its employees

Income Statement or Profit and Loss Account: An income statement or profit and loss account in a business context is:

A. A financial statement that shows a company's revenue and expenses over a specific period

B. A financial statement that shows a company's assets and liabilities

C. A financial statement that shows a company's cash flow

D. A financial statement that shows a company's shareholders' equity

Budget Variance: Budget variance in a business context is:

A. The difference between the budgeted amount of an item and the actual amount

B. The difference between the total budget and the total actual expenditure

C. The difference between the budgeted revenue and the actual revenue

D. The difference between the budgeted cost of goods sold and the actual cost of goods sold

Expenditure or Spending: Expenditure or spending in a business context is:

C. The money a business spends on its operational and capital costs

A. The money a business earns from selling its products or services

B. The money a business has left after it pays its costs

D. The situation where a business's costs exceed its revenue

Budget: A budget in a business context is:

A. An estimate of income and expenditure for a set period of time

B. A record of all money a company has spent over a set period of time

C. A record of all money a company has earned over a set period of time

D. A plan for a company's marketing activities

Equity: Equity in a business context is:

A. The value of a company's assets minus its liabilities

B. The money a business earns from selling its products or services

C. The money a business has left after it pays its costs

D. The money a business owes to its suppliers

Liquidity: Liquidity in a business context refers to:

A. The ability of a company to meet its short-term financial obligations

B. The ability of a company to generate long-term profits

C. The ability of a company to acquire new assets

D. The ability of a company to expand its operations

IGCSE Enterprise - Unit 6 Finance Quiz

Authored by Richard Harrison

Business

10th Grade

Used 3+ times

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42 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Creditor: A creditor in a business context is:

A. A person or company to whom money is owed

B. A person or company that owes money

C. A person or company that lends money

D. A person or company that borrows money

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Grant: In a business context, a grant is:

A. A person who provides financial advice to businesses

B. A sum of money given by a government or other organization for a particular purpose

C. A type of loan provided by banks

D. A type of investment made by businesses

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Share or Equity: A share or equity in a business context is:

A. A unit of ownership interest in a corporation or financial asset

B. A unit of debt owed by a corporation or financial asset

C. A unit of credit provided by a corporation or financial asset

D. A unit of investment made by a corporation or financial asset

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Overdraft: An overdraft in a business context is:

A. An arrangement with a bank that allows an account holder to borrow money when their account reaches zero

B. A loan given by a bank to a business

C. A type of investment made by a business

D. A type of insurance policy

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Friendly Society: A friendly society is:

A. A society where everyone is friendly

B. A mutual association for the purposes of insurance, pensions, savings or cooperative banking

C. A society that provides free financial advice to its members

D. A society that provides loans to its friends

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit: Credit in a business context is:

A. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future

B. The money that a customer owes a business

C. The money that a business owes a customer

D. The money that a business owes a supplier

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lessee: A lessee in a business context is:

A. The person who gives property on lease

B. The person who takes property on lease

C. The person who sells property

D. The person who buys property

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IGCSE Enterprise - Unit 6 Finance Quiz

Creditor: A creditor in a business context is:

Grant: In a business context, a grant is:

Share or Equity: A share or equity in a business context is:

Overdraft: An overdraft in a business context is:

Friendly Society: A friendly society is:

Credit: Credit in a business context is:

Lessee: A lessee in a business context is:

Solvency: Solvency in a business context is:

Venture Capital: Venture capital in a business context is:

Lessor: A lessor in a business context is:

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