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Business Finance Terms

Total questions: 44

Worksheet time: 15mins

Name
Class
Date
1.
Costs that vary based on the units sold by an enterprise.
a)

Variable Costs

b)

(LLC)

c)

Credit

d)

Sold

2.
Investors who make investments in a startup or small business and do not expect an immediate or large return on investment; typically "family and friends".
a)

Angel Investors

b)

Asset

c)

Units

d)

Total Payable

3.
Other types of debt (or money you owe someone else) other than a mortgage.
a)

Notes Payable

b)

Accounts Margin

c)

Contribution of Proprietorship

d)

Quarter

4.
An obligation you have to pay someone else money. Also called a debt or a loan.
a)

Liabilities

b)

Limited Proprietorship

c)

Supplier

d)

Crowdfunding

5.
Fixed costs plus variable costs.
a)

Total Costs

b)

Supplier

c)

Liquid Sheet

d)

Collateral

6.
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
a)

Balance Sheet

b)

Liquid Company Sold

c)

Expenses

d)

Pricing of Receivable

7.
The costs of operating a business.
a)

Expenses

b)

Total Analysis

c)

Cost

d)

Dividend

8.
Costs that make up one unit of what you sell. These can be labor costs as well as material costs.
a)

Cost of Goods Sold

b)

Unencumbered Costs

c)

Notes Margin

d)

Partnership

9.
Units times price.
a)

Total Revenue

b)

Angel of Payable

c)

Limited Payable

d)

Line Credit

10.
The ability to borrow money or access goods or services with the understanding that you'll pay later.
a)

Credit

b)

Quarter

c)

Quarter

d)

Units

11.
Money owed by one party to another.
a)

Debt

b)

Crowdfunding

c)

Crowdfunding

d)

Contribution Proprietorship

12.
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)

Secured Debt

b)

Collateral

c)

Collateral

d)

Supplier

13.
A determination of how many units are needed to sell in order to pay for all fixed costs.
a)

Break-even Analysis

b)

Pricing Payable

c)

Pricing Assets

d)

Liquid of Assets

14.
Assets that are not already pledged as a guarantee to repay another loan.
a)

Unencumbered Assets

b)

Liabilities

c)

Net Debt

d)

Net Strategies Income

15.
Net means revenues after costs.
a)

Net Income

b)

Total Liability Income

c)

Break-even Sold

d)

Fixed Analysis

16.
Costs that do not vary based on the units sold by an enterprise.
a)

Fixed Costs

b)

Fixed Costs

c)

Total Costs

d)

Unencumbered (LLC)

17.
Funds contributed by investors to a business; investors expect a significant return on their investment.
a)

Equity

b)

Balance Debt

c)

Equity

d)

Asset

18.
Debt that does not include a promise by a guarantor to repay the loan in the event the debt holder can't. These are riskier and will therefore have a higher interest rate.
a)

Unsecured Debt

b)

Revenue

c)

Unsecured (LLC)

d)

Accounts Debt

19.
Income from sales.
a)

Revenue

b)

Principal

c)

Asset

d)

Break-even Goods Sheet

20.
The amount of money borrowed.
a)

Principal

b)

Corporation

c)

Accounts Investors Payable

d)

Expenses

21.
Owned by shareholders. The business (not the shareholders) is liable for all debts.
a)

Corporation

b)

Shareholder

c)

Liabilities

d)

Cost Payable

22.
An individual or company that owns shares in a company.
a)

Shareholder

b)

Maturity

c)

Total Costs

d)

Liabilities

23.
The date a loan (or debt or liability) is due to be repaid in full.
a)

Maturity

b)

Mortgage

c)

Angel Goods Assets

d)

Total Costs

24.
The money a person borrows to buy real estate.
a)

Mortgage

b)

Capital

c)

Guarantor

d)

Angel Company Liability Revenue

25.
The money or wealth needed to produce goods and services. All businesses need this.
a)

Capital

b)

Credit-worthy

c)

Accounts Strategies Company Debt

d)

Credit

26.
A person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan.
a)

Credit-worthy

b)

Lien

c)

Revenue

d)

Debt

27.
The right to take possession of collateral until a debt is repaid.
a)

Lien

b)

Sole Costs

c)

Principal

d)

Secured Costs

28.
An individual that owns a company. The owner is personally liable for all debts.
a)

Sole Proprietorship

b)

Equity

c)

Corporation

d)

Equity

29.
A company that provides a good or service to another company.
a)

Supplier

b)

Unsecured Assets

c)

Shareholder

d)

Unsecured Variable Debt

30.
Assets that can be immediately turned into cash, which can then repay any loan amount outstanding.
a)

Liquid Assets

b)

Net Variable Strategies Investors Debt

c)

Maturity

d)

Revenue

31.
A person or company with sufficient liquidity who guarantees to repay loan if a company cannot.
a)

Guarantor

b)

Break-even of

c)

Mortgage

d)

Principal

32.
Money owed by a customer to a company.
a)

Accounts Receivable

b)

Notes Assets

c)

Capital

d)

Corporation

33.
Money paid by a company to a shareholder.
a)

Dividend

b)

Guarantor

c)

Credit-worthy

d)

Shareholder

34.
When two or more individuals own a company. All partners are personally liable for all debt.
a)

Partnership

b)

Accounts Receivable

c)

Lien

d)

Maturity

35.
A loan that provides the borrower a maximum amount of money. The borrower can draw on that money as needed, up to the maximum amount.
a)

Line of Credit

b)

Dividend

c)

Sole Receivable

d)

Mortgage

36.
The "things" a company sells.
a)

Units

b)

Partnership

c)

Dividend

d)

Capital

37.
Unit price minus cost of goods sold. (Also called profit per unit.)
a)

Contribution Margin

b)

Line Goods Sheet

c)

Partnership

d)

Credit-worthy

38.
A business structure whereby the owners are not personally liable for the company's debts or liabilities. It combines characteristics of a corporation with those of a sole proprietorship/partnership.
a)

Limited Liability Company (LLC)

b)

Expenses

c)

Line Costs

d)

Lien

39.
Anything of value OWNED by a person or business.
a)

Asset

b)

Cost Credit

c)

Balance Revenue

d)

Sole Investors Costs

40.
Money owed by a company to a supplier.
a)

Accounts Payable

b)

Units

c)

Credit

d)

Balance

41.
A three month time period.
a)

Quarter

b)

Contribution Revenue

c)

Debt

d)

Notes Assets

42.
An Internet phenomenon, where strangers learn about your business online and then decide whether or not to make an investment.
a)

Crowdfunding

b)

Credit

c)

Secured Analysis

d)

Guarantor

43.
Equipment, inventory or other goods that are pledged to the bank in the case the company can't make a loan payment.
a)

Collateral

b)

Debt

c)

Unencumbered of Liability Variable Income

d)

Accounts Margin

44.
Methods companies use to price their products or services.
a)

Pricing Strategies

b)

Secured

c)

Fixed

d)

Limited