Business Finance Vocab Quiz

Name

The level of sales needed to cover all costs

• Break Even Point
• Income
• Cash Flow

The recording of business transactions

• Finance
• Accounting
• Bookeeping

Equipment, inventory, furniture, vehicles are examples of what ?

• Investments in Assets
• Current Assets
• Fixed Assets

Money owed

• Debts
• Accounts Payable
• Liabilities

A tool that an owner can use to keep personal and business finances separate, bank will allow transfers between.

• A Piggy Bank
• A Business Bank Account
• A Credit Union

An Ability ; potential to pay back a debt. This can be based off income

• Capacity
• Conduct
• Capital

One of the qualities a lender will use to determine whether or not a person is trustworthy and reliable enough to pay a loan

• Credit Score
• Capital
• Character

Money for Investment

• Capital
• Riches
• Gold

Assets which are purchased for long term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment

• Current Assets
• Fixed Assets