REVISION FOR MIDTERM TEST

REVISION FOR MIDTERM TEST

University

•

32 Qs

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REVISION FOR MIDTERM TEST

REVISION FOR MIDTERM TEST

Assessment

Quiz

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English

•

University

•

Practice Problem

•

Medium

Created by

Trang Nguyen

Used 2+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered income?

Money received from employment, investments, or other sources

Total expenses incurred in a month

Borrowed money

The amount spent on groceries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for income received after taxes and deductions?

Gross income

Disposable income

Net income

Total revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a wage?

A fixed amount paid annually

Payment based on the number of hours worked

A form of loan

A percentage of savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of issuing government bonds?

To invest in the stock market

To raise money

To pay off existing debts

To regulate the economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are British government bonds called?

Treasury bills

Corporate bonds

Gilt-edged stock

Zero-coupon bonds

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial statement summarizes a company s revenues and expenses?

Balance sheet

Income statement

Statement of changes in equity

Cash flow statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of financing involves selling shares of a company?

Debt financing

Equity financing

Venture capital

Crowdfunding

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