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Financial Terms IV

Authored by Cherry Andrews

Other

9th Grade

Used 1+ times

Financial Terms IV
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an asset?

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

A financial strategy that aims to balance risk and reward by apportioning a portfolio's assets.

Revenue received for goods or services, or from other sources, such as rents or investments.

An obligation of a company that results in the company's future sacrifices of economic benefits to other entities or businesses.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does liability refer to in financial terms?

The sum of the after-tax profit of a business plus depreciation and other non-cash charges.

An obligation of a company that results in the company's future sacrifices of economic benefits to other entities or businesses.

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

The process of documenting and communicating financial activities and performance over specific time periods.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is compound interest?

A charge usually of money imposed by authority on persons or property for public purposes.

The outlay of money usually for income or profit; the sum invested or the property purchased.

Interest computed on the sum of an original principal and accrued interest; compound interest is the interest you earn on interest.

The process of documenting and communicating financial activities and performance over specific time periods.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mortgage?

A financial burden or outlay; an item of business outlay chargeable against revenue for a specific period.

A conveyance of or lien against property that becomes void upon payment or performance according to stipulated items.

The sum of the after-tax profit of a business plus depreciation and other non-cash charges.

An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets among different assets.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a cash flow statement?

To document and communicate financial activities and performance over specific time periods.

To measure an organization's liquidity that usually consists of net income.

To impose a charge of money by authority on persons or property for public purposes.

To compute interest on the sum of an original principal and accrued interest.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a financial report?

To measure an organization's liquidity that usually consists of net income.

To document and communicate financial activities and performance over specific time periods.

To impose a charge of money by authority on persons or property for public purposes.

To provide a financial burden or outlay; an item of business outlay chargeable against revenue for a specific period.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income typically derived from?

The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

Revenue received for goods or services, or from other sources, such as rents or investments; the money, or amount of money, received from one’s employment.

An obligation of a company that results in the company's future sacrifices of economic benefits to other entities or businesses.

A financial strategy that aims to balance risk and reward by apportioning a portfolio's assets.

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