Principles of Business: Finances

A building, computers, and furniture are all examples of business _____.

• Assets

• Liabilities

• Supplies

• Inventory

Bills, wages, and loans are examples of business ________.

• Assets

• Liabilities

• Supplies

• Inventory

Assets - Liabilities =

• Profit

• Equity

• Taxes

All finished goods available for sale as well as the raw materials you have on hand used to produce those goods.

• Supplies

• Inventory

• Assets

In business, CAPITAL means...

• money

• supplies

• profit

• ownership

In business, what is EQUITY?

• debts (money you owe)

• profit

• ownership

________ is the money earned from selling your goods (or services). It's the money coming in to your business.

• Equity

• Revenue

• Profit

Revenue - Expenses =

• Profit

• Equity

Which one of these would be a ONE-TIME start-up cost for a restaurant?

• Logo design

• Food

• Employee wages

• Rent

Business owners often join a _________. This allows them to network with others, go to conferences, and have access to the latest trends, news, and data impacting your industry.

• union

• trade association

• mafia