
Vocabulary Section
Authored by Jessica Ramsey
Mathematics
12th Grade

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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Non-Current Assets should liquidize after ...
1 year.
3 years.
5 years.
10 years.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Working Capital is defined as ....
Assets - Liabilities
Net Worth - Liabilities
Current Assets – Current Liabilities
Assets – Current Liabilities
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The Debt Structure formula is defined as ...
Liabilities Assets
Total Liabilities Non–Current Liabilities
Current Liabilities Non–Current Liabilities
Current Liabilities Total Liabilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of a farm to cover its upcoming debts with assets that can be turned into cash is referred to as...
Solvency
Stability
Equity
Liquidity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of a farm to cover all its debts with the assets it owns is referred to as...
Solvency
Stability
Equity
Liquidity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Joe is making a statement that projects the costs and revenue of adding a new irrigation system on his farm. What financial statement is he making?
Whole-Farm Budget
Enterprise Budget
Income Statement
Partial Budget
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kevin takes out a loan to buy a new piece of equipment for his farm. Over the course of the loan, he will make small payments every month then one large lump-sum payment at the end of the loan. What type of loan is this?
Mortgage
Balloon Loan
Self-Liquidating Loan
Operating Loan
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