Business Chapter 12&15 Review

Business Chapter 12&15 Review

6th - 8th Grade

40 Qs

quiz-placeholder

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Business Chapter 12&15 Review

Business Chapter 12&15 Review

Assessment

Quiz

Fun

6th - 8th Grade

Medium

Created by

Heather Whitford-Stronks

Used 5+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is credit?

taking your savings and using it to buy emergency items

privilege of using someone else's money to purchase an item or service now and then pay for it later

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A CREDITOR is

the person/business that sells on credit or grants a loan

is the person or business that buys on credit or obtains a loan

penalty or fee for borrowing or the reward for loaning

refers to the amount borrowed or owed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debtor

refers to the amount borrowed or owed

is the penalty or fee for borrowing or the reward for loaning

is the person or business that buys on credit or obtains a loan

is the person or business that sells on credit or grants a loan.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Interest is the

person or business that sells on credit or grants a loan.

penalty or fee for borrowing or the reward for loaning

person or business that sells on credit or grants a loan.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Principal refers to the

• penalty or fee for borrowing or the reward for loaning

amount borrowed or owed

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Advantages of Business Credit are they

use of corporate credit cards, overcome cash-flow shortages

finance major purchases, consolidate payments, not giving away shares/equity

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The Disadvantages of Business Credit are

they finance major purchases, consolidate payments, not giving away shares/equity

the use of corporate credit cards, overcome cash-flow shortages

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