Financial Literacy Quiz

Markups include fixed expanse recovery and______

• desired profit

• insurance

• tax

The act of recording erroneous amounts means______

• bribery

• sales skimming

• making false entries

Mongolian translation of "anomalous entry" is______

• тодорхой санал

• алдаатай бичилт

• санамсаргүй алдаа

_____is the payment that is given before the product is exchanged.

• advance payment

• tax deductible interest

• salvage value

Which of following frauds is more common in big businesses?

• money-laundering

• pilfering

• reroute

You can use the land as a______ and take out some loans to buy warehouse.

• default

• leverage

• collateral

Utilities expenses are______

• indirect cost

• direct cost

• fixed cost

If there will be an economic crisis, companies need to_____ its budget.

• expand

• remain

• drop out

Stock prices are set after______

• debt-to-equity ratio

• security valuation

• balance sheet

A statement of financial condition shows______

• revenue

• cash

• debt