Small Business Financial Terms

Small Business Financial Terms

12th Grade

41 Qs

quiz-placeholder

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Small Business Financial Terms

Small Business Financial Terms

Assessment

Quiz

Education

12th Grade

Easy

Created by

Coach-Will Boudloche

Used 3+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs that vary based on the units sold by an enterprise.
Variable Costs
Fixed Cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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".
Angel Investors
Loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed costs plus variable costs.
Total Costs
Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial statement that reports assets, liabilities, and owner's equity on a specific date.
Balance Sheet
Accounts Payable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The costs of operating a business.
Expenses
Capital

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