Financial and Marketing Concepts Quiz

What is cash flow?

• Total revenue minus total expenses

• The movement of money into and out of a business

• Assets owned by a business

• Funds used to start a business

What does COGS stand for?

• Cost of Goods Sold

• Capital of General Sales

• Costs of Gross Sales

• Credits on Goods Supplied

Which document summarizes a company’s revenues and expenses?

• Balance Sheet

• Profit and Loss Statement

• Budget

• Invoice

What is a liability?

• Money owed by the company

• Equipment owned by the company

• Total revenue

• Profits made

Equity represents:

• A company’s debts

• The owner’s value in the business

• Cash reserves

• Costs of production

What is working capital?

• The company’s profits

• Funds allocated for advertising

• Current assets minus current liabilities

• Total sales revenue

A dividend is:

• Interest paid on loans

• A share of profits paid to shareholders

• Money borrowed by a company

• Company expenses

Depreciation measures:

• Increase in the value of an asset

• Reduction in value of an asset over time

• Total costs

• Profits generated

What is a deficit?

• Excess revenue over expenses

• More expenses than revenue

• Funds left after taxes

• Total assets minus liabilities

Fixed costs are:

• Expenses that stay constant regardless of production levels

• Costs that change based on sales

• Costs of raw materials

• Employee salaries