IDENTIFICATION QUIZ

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

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

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

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

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

What is the first step in building financial forecasts?

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

What is the ratio of total operating costs to total revenue called?

In financial forecasting, dividing the number of employees by the total number of clients measures what?

Which economic factor influences business revenue by affecting consumer purchasing power?