Financial Concepts Quiz

What is a fixed amount that you are paid over a period of time, regardless of how many hours you work?

• Profit

• Salary

• Interest

• Dividends

What is the difference between the revenue from sales and the full opportunity cost of resources involved in producing the sales?

• Interest

• Dividends

• Profit

• Capital Gains

What is the payment made for the use of borrowed money, usually paid at periodic intervals for long-term bonds or loans?

• Interest

• Salary

• Dividends

• Capital Gains

What are checks paid to stockholders, usually quarterly, representing a portion of corporate profits?

• Salary

• Dividends

• Profit

• Interest

What are profits from the sale of an asset held for 12 months or longer?

• Capital Gains

• Dividends

• Interest

• Salary

What provides money to pay for health care for illness, injury, or, in some cases, preventive care?

• Sick Leave

• Health Insurance

• Student Loan

• Compensation

What is a benefit that compensates employees for time away from work due to injury or illness?

• Health Insurance

• Sick Leave

• Compensation

• Student Grant

What is education pursued after high school (secondary school)?

• Vocational Training

• Postsecondary Education

• Student Loan

• Franchise

What type of training is focused on hands-on work that prepares you for skilled trades, like plumbing or car repair?

• Postsecondary Education

• Vocational Training

• Entrepreneurship

• Self Employment

What is a free online application that current or prospective college students can submit each year to determine eligibility for financial aid?

• TAFA Form

• FAFSA Form

• Student Loan

• Student Grant