wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Financial Concepts Vocabulary Review

Total questions: 32

Worksheet time: 16mins

Name
Class
Date
1.

Something of value

a)

assets

b)

liability

c)

net income

d)

inventory

2.

Money earned when something is sold

a)

assets

b)

maturity

c)

commissions

d)

profit

3.

A person or business with a strong credit score and the financial resources that make it likely they will be able to repay the loan

a)

supplier

b)

credit-worthy

c)

angel investors

d)

guarantor

4.

An obligation you have to pay someone else money

a)

online credit

b)

cost of goods sold

c)

credit

d)

liability

5.

Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding

a)

own "free and clear"

b)

liquid assets

c)

lien

d)

capitol or equity

6.

the date a loan (or debt or liability) is repaid in full

a)

principal

b)

contribution margin

c)

fiscal year

d)

maturity

7.

Revenues after costs

(select all that apply)

a)

net income

b)

profit

c)

principal

d)

shareholder

8.

An individual or company that owns shares in a company

a)

commissions

b)

stocks

c)

shareholder

d)

angel investors

9.

Money owed by a company to a supplier

a)

account payable

b)

account receivable

c)

online credit

d)

bank loan

10.

Money owed by a customer to a company

a)

account payable

b)

account receivable

c)

contribution margin

d)

unsecured debt

11.

Individuals who make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on investment.

a)

guarantor

b)

supplier

c)

shareholders

d)

angel investor

12.

debt from a bank requiring much more information from potential borrowers

a)

bank loan

b)

unsecured debt

c)

secured debt

d)

line of credit

13.

A loan. A security that investors buy and sell that represents a legal obligation from the issuing company that they will repay the funds

a)

capital

b)

online credit

c)

bond

d)

principal

14.

Funds contributed by investors to a business.

a)

principal

b)

capital or equity

c)

profit

d)

contribution margin

15.

Unit price minus cost of goods sold

a)

variable costs

b)

principal

c)

contribution margin

d)

profit

16.

Costs that make up one unit of what you sell

a)

cost of goods sold

b)

inventory

c)

line of credit

d)

own

"free and clear"

17.

A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the even that the debtholder can't make required payment

a)

supplier

b)

guarantor

c)

angel investors

d)

shareholder

18.

The merchandise that a company sells to its customers

a)

fixed costs

b)

cost of goods sold

c)

inventory

d)

commissions

19.

A loan that provides the borrower a maximum amount of money he/she can borrow - the borrower can then access or use as much money as they need at any particular time

a)

line of credit

b)

sweat equity

c)

fixed costs

d)

principal

20.

The 12 month period a company uses to report financial results

a)

target market

b)

net income

c)

stocks

d)

fiscal year

21.

Costs that do not vary based on the units sold by an enterprise, ex: rent

a)

own "free and clear"

b)

fixed costs

c)

variable costs

d)

cost of goods sold

22.

Funds lent to a business with an agreement that the business will repay the lender with interest

a)

equity or capital

b)

secured debt

c)

unsecured debt

d)

credit or debt

23.

Debt obtained from a number of online companies. Borrowers disclose much less info than required at a bank

a)

unsecured debt

b)

secured debt

c)

online credit

d)

principal

24.

Owning an asset without any associated debt

a)

own "Free and Clear"

b)

unsecured debt

c)

variable costs

d)

liability

25.

The amount of money borrowed

a)

sweat equity

b)

liability

c)

principal

d)

capital or equity

26.

Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment

a)

fixed costs

b)

credit or debt

c)

unsecured debt

d)

secured debt

27.

A company that provides a good or service to another company

a)

supplier

b)

target market

c)

variable costs

d)

shareholder

28.

The hard work a small business owner puts onto forming, founding and operating his/her business. Not a cash investment

a)

fixed costs

b)

sweat equity

c)

variable costs

d)

liability

29.

The EXACT customers and market sector the business intends to serve

a)

shareholder

b)

assets

c)

commissions

d)

target market

30.

Costs that vary based on the units sold by your enterprise

a)

secured loan

b)

fixed costs

c)

variable costs

d)

unsecured loan

31.

Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment

a)

unsecured debt

b)

secured debt

c)

angel investors

d)

line of credit

32.

Shares of ownership in a company

a)

principal

b)

profit

c)

credit or debt

d)

stocks