Financial Terms II

Financial Terms II

9th Grade

40 Qs

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Financial Terms II

Financial Terms II

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Cherry Andrews

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an asset in financial terms?

The money or amount of money received from one's employment.

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

A financial strategy that aims to balance risk and reward by apportioning a portfolio's assets.

The process of documenting and communicating financial activities.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does liability refer to in a business context?

The sum of the after-tax profit of a business plus depreciation and other non-cash charges.

The outlay of money usually for income or profit.

An obligation of a company that results in the company's future sacrifices of economic benefits to other entities or businesses.

Revenue received for goods or services.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of expenses in the context of financial statements?

The entire property of a person subject to the payment of debts.

A charge usually of money imposed by authority on persons or property for public purposes.

Financial burden or outlay; an item of business outlay chargeable against revenue for a specific period.

Interest computed on the sum of an original principal and accrued interest.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mortgage?

A financial strategy that aims to balance risk and reward by apportioning a portfolio's assets.

A conveyance of or lien against property that becomes void upon payment or performance according to stipulated items.

The process of documenting and communicating financial activities over specific time periods.

The sum of the after-tax profit of a business plus depreciation and other non-cash charges.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a cash flow statement represent?

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

The process of documenting and communicating financial activities over specific time periods.

The sum of the after-tax profit of a business plus depreciation and other non-cash charges; a measure of an organization's liquidity that usually consists of net income.

Revenue received for goods or services, or from other sources, such as rents or investments.

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the primary purpose of investment?

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7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of a financial report?

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

The process of documenting and communicating financial activities and performance over specific time periods, typically on a quarterly or yearly basis.

The sum of the after-tax profit of a business plus depreciation and other non-cash charges.

An item of business outlay chargeable against revenue for a specific period.

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