General Financial Terms

General Financial Terms

Assessment

Quiz

Business

Professional Development

Practice Problem

Hard

Created by

James Parkhill

Used 2+ times

FREE Resource

Student preview

quiz-placeholder

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Define Expenses

Costs required to run my business and pay my rent

Costs to create and sell products

Costs to sell products

Costs required to do business

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the definition of Revenue?

The act of creating new goods, services, processes, or ideas

The area where passengers wait to board the aircraft

Money generated from business operations

Gathering information on competitors and customers

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Profit?

Just Revenue

Revenue - Expenses

Revenue + Expenses

Cash Flow

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Cash Flow?

The total amount of money going in and out of the business

Money going in to your business

Money coming out of business

The total amount of money on hand, going in, and going out of business

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Costs of Goods Sold?

Total expenses

How much it costs to create and sell a product

How much it costs to sell your products

How much it costs to create and sell all your products

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does it mean to budget?

Setting up a business plan

Setting up a way to make more sales

Setting up a plan to help you achieve your financial goals

Setting up a plan to limit expenses

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do you use an emergency fund for?

General business expenses

To go out and party with friends

Helps me pay unexpected bills during hard times

Helps me fund my business when I have a bad month of sales

8.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Return on Investment?

The amount of money I make from a financial or product investment

The profit I make from a financial or product investment

When I return an investment

The expenses of an investment