WorksheetsQuiz - Business Terms - Week 2
Total questions: 20
Worksheet time: 10mins
Double Taxation
The taxation of the same income or financial transaction at two different levels, such as corporate and personal.
The taxation of different incomes at the same level, such as state and federal.
The taxation of income that is not reported to the government.
The taxation of income earned in foreign countries only.
Tax-Deductible
Expenses that can be subtracted from gross income to reduce taxable income.
Expenses that are not allowed to be deducted from gross income.
Income that is exempt from taxation altogether.
Expenses that increase taxable income.
Shareholders' stake in a company
Debt
Equity
Assets
Liabilities
Equity interpretation
Equity is the total value of a company's assets.
Equity is the amount shareholders would receive if a company sold everything it owned and paid off its debts.
Equity represents the company's total revenue for the year.
Equity is the amount of money a company has in its bank account.
Economy
The system of production, consumption, and distribution of goods and services in a particular geographic region.
A measure of the total value of goods and services produced in a country.
The study of how individuals and groups manage resources.
A financial institution that provides loans and credit.
Stock definition
A type of bond issued by a company
A share of ownership in a company, including a right to part of the company’s profits and assets.
A loan taken by a company from the bank
A government-issued currency
Budget
A plan for saving money
An estimate of income and expenditure for a set period of time.
A record of past expenses
A method for investing in stocks
Equity calculation formula
Equity is calculated as a company's total assets minus its total liabilities.
Equity is calculated as a company's total liabilities minus its total assets.
Equity is calculated as a company's total revenue minus its total expenses.
Equity is calculated as a company's total assets plus its total liabilities.
Customer
A person or organization that buys goods or services from a store or business.
A person who sells products to customers.
An individual who provides services to a company.
A business that manufactures goods.
Equity as residual ownership
Equity represents the total value of a firm before any debts are paid.
Equity is the amount of money a firm owes to its creditors.
Equity can be seen as a degree of residual ownership in a firm after subtracting all debts associated with that asset.
Equity is the same as the total assets of a firm.
Revenue
Income generated from normal business operations.
Total expenses incurred by a business.
The profit made after all expenses are deducted.
The amount of money invested in a business.
Use of equity in financial ratios
Equity is used in several key financial ratios such as Return on Equity (ROE).
Equity is primarily used to calculate the debt-to-equity ratio.
Equity is not used in any financial ratios.
Equity is only relevant for calculating market capitalization.
Equity
The value of shares issued by a company.
A type of debt financing.
The total assets of a company minus its liabilities.
A measure of a company's profitability.
Revenue definition
Revenue is the total amount of money a company makes from its business over a set period of time.
Revenue is the total expenses incurred by a company during a specific period.
Revenue is the profit made after all expenses have been deducted from sales.
Revenue is the total value of assets owned by a company.
Equity value return to shareholders
Equity represents the total market value of a company's shares.
Equity represents the value that would be returned to a company's shareholders if all assets were liquidated and debts paid.
Equity is the amount of money a company has after paying all its expenses.
Equity is the profit a company makes after selling its products.
Home equity definition
Home equity is the value of a homeowner's property (net of debt).
Home equity is the total amount of money a homeowner has saved.
Home equity is the market value of a home before any debts are paid.
Home equity is the amount a homeowner pays in property taxes.
Debt
Money that is owed or due to be paid.
A type of investment that generates income.
A financial term for savings and assets.
A legal agreement to borrow money.
Contract
A written or spoken agreement that is intended to be enforceable by law.
A casual conversation between friends.
A document that outlines a person's job responsibilities.
An informal understanding between two parties.
Stock
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
A financial instrument that represents a loan made by an investor to a borrower.
A type of investment that guarantees a fixed return over a specified period.
A contract that gives the holder the right to buy or sell an asset at a predetermined price.
Tax-deductible expense
A tax-deductible expense can be subtracted from your income, reducing the amount of taxes you owe.
A tax-deductible expense is an expense that cannot be claimed on your tax return.
A tax-deductible expense increases your taxable income.
A tax-deductible expense is only applicable to business owners.
