Business Finance Basics

Business Finance Basics

Assessment

Flashcard

Business

10th Grade

Easy

Created by

Catherine Morgan

Used 1+ times

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Revenue

Back

Income from sales of goods/services

2.

FLASHCARD QUESTION

Front

Profit

Back

Revenue minus expenses

3.

FLASHCARD QUESTION

Front

Assets

Back

Resources owned by a business

4.

FLASHCARD QUESTION

Front

Liabilities

Back

Debts or obligations of a business

5.

FLASHCARD QUESTION

Front

Equity

Back

Owner's interest in the business

6.

FLASHCARD QUESTION

Front

Cash Flow

Back

Movement of money in and out of a business

7.

FLASHCARD QUESTION

Front

Break-even Point

Back

No profit, no loss; total revenue equals total costs

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