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IDENTIFICATION QUIZ

Authored by Rochelle Paras-Gambol

Business

12th Grade

IDENTIFICATION QUIZ
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50 questions

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1.

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3 mins • 1 pt

What is the act of predicting future economic conditions based on past and present information?

2.

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1 min • 1 pt

What term refers to the income, especially of a company or organization, of a substantial nature?

3.

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1 min • 1 pt

What is the term for an amount that must be paid or spent to acquire something?

4.

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1 min • 1 pt

What do you call the money derived from paid work, often contrasted with unearned income?

5.

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1 min • 1 pt

Which term refers to the act of using a resource and recording it in an accounting system?

6.

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1 min • 1 pt

What is the first step in building financial forecasts?

7.

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1 min • 1 pt

What ratio indicates the relationship between total direct costs and total revenue?

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