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Business Vocabulary Terms 1: Items 1-8

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

Which term describes a record of financial expenditure or receipts for a specific period or purpose?

a)

Application

b)

Advertising

c)

Account

d)

Agenda

2.

A list of subjects to be discussed at a meeting is called what?

a)

Asset

b)

Agenda

c)

Balance sheet

d)

Bank statement

3.

Which term refers to producing promotional messages for commercial products or services?

a)

Application

b)

Asset

c)

Bankrupt

d)

Advertising

4.

A formal, usually written, request for something or permission to do something is a(n) ________.

a)

Asset

b)

Agenda

c)

Account

d)

Application

5.

Which items belong to a business and have value or the power to earn money?

a)

Accounts

b)

Agendas

c)

Assets

d)

Applications

6.

Which document shows a company’s financial position and wealth at a particular time?

a)

Advertising plan

b)

Account record

c)

Balance sheet

d)

Bank statement

7.

Someone judged by a court to be unable to pay their debts, with affairs handled until debts are settled, is ________.

a)

Account manager

b)

Asset holder

c)

Bankrupt

d)

Advertiser

8.

Information sent regularly by a bank showing money moving into and out of an account over a period is a ________.

a)

Agenda

b)

Application

c)

Balance sheet

d)

Bank statement

9.

Which term best describes an offer to purchase, such as in a takeover, or the price proposed?

a)

Brand identity name for recognition

b)

Bid offer to buy or price proposed

c)

Budget estimate of income and costs

d)

Broker agent trading assets for clients

10.

A name given to a product or group of products by a company for easy recognition is called a:

a)

Broker

b)

Capital

c)

Brand

d)

Commission

11.

Which role buys and sells shares, currencies, property, or insurance on behalf of others?

a)

Commission fee paid per sale

b)

Budget planning cash limits

c)

Brand managing product names

d)

Broker facilitating client trades

12.

Select all statements that correctly define budgeting.

a)

Estimating income and expenditure for a period

b)

Naming products for market recognition

c)

Writing objectives and strategies for a venture

d)

Tracking money inflows and outflows timing

13.

Brainstorming most accurately refers to:

a)

Spontaneous group idea generation

b)

Formal capital contribution record

c)

Legal bid submission documentation

d)

Calculated commission percentage schedule

14.

Which document sets out future objectives and strategies for a business?

a)

Budget projecting income and expenses

b)

Capital register of contributed assets

c)

Business plan outlining goals and strategies

d)

Broker agreement for client transactions

15.

Identify all options that correctly relate to capital.

a)

Money used for starting a company or investing

b)

Spontaneous meeting to generate new ideas

c)

Wealth in money or assets owned or contributed

d)

Fee paid to an agent based on sales value

16.

Cash flow focuses on which aspect of company finances?

a)

Projected brand awareness levels

b)

Total wealth held by owners

c)

Timing of money entering and leaving

d)

Fixed fees charged per transaction

17.

Which statements describe commission payments? Select all that apply.

a)

Brokerage earnings linked to sales value

b)

Amount paid according to value sold

c)

Document of strategies for future growth

d)

Ownership of assets for investment use