Quiz Business English 1

A financial obligation or debt owed by a company to others, such as loans and mortgages

• Asset

• Liability

• Balance sheet

• Revenue

• Budget

A financial plan that estimates expected income and expenses over a specific period

• Return on Investment (ROI)

• Liability

• Balance sheet

• Budget

• Revenue

A financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time

• Balance sheet

• Revenue

• Liability

• Budget

• Accounts Receivable (AR)

The total income a company generates from its normal business activities, before any expenses are deducted

• Liability

• Balance sheet

• Return on Investment (ROI)

• Budget

• Revenue

The value returned to shareholders after liquidating assets and paying debts; it represents ownership in a company

• Revenue

• Liability

• Profit

• Equity

• Financial Statement

Money owed to vendors.

• Accounts Payable

• Accounts Receivable

• Income Statement

• Expenses

• Assets

The movement of cash and cash equivalents into and out of a business over a given period

• Budget

• Cash Flow

• Profit

• Revenue

• Expenses

To gather money owed, such as debts

• Collect

• Invest

• Borrow

• Lend

• Pay off

To fully repay a debt

• Take out

• Invest

• Pay back

• Pay off

• Cut back

To take money out of a bank account

• Deposit

• Debit

• Credit

• Save

• Withdraw