Financial Terms Quiz

Financial Terms Quiz

12th Grade

23 Qs

quiz-placeholder

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Financial Terms Quiz

Financial Terms Quiz

Assessment

Quiz

English

12th Grade

Hard

Created by

ANGELA ROZO

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance sheet equation?

Assets = Liabilities + Equity

Assets + Liabilities = Equity

Equity = Assets - Liabilities

Liabilities = Assets + Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is liquidity?

The principle of how quickly an asset can be converted into cash

The total amount of cash a company has

The value of all assets owned by a company

The amount of debt a company has

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GAAP stand for?

Generally Accepted Accounting Principles

General Accounting and Auditing Procedures

Government Accounting and Auditing Practices

General Accepted Accounting Policies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are capital gains?

The increase in value of an asset above what you paid for it

The total income generated from an investment

The amount of money paid in taxes on an asset

The total expenses incurred in selling an asset

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is equity?

The amount of money someone has in a stock or asset after subtracting debts

The total value of all assets owned by a company

The amount of cash a company has on hand

The total liabilities of a company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Earnings Per Share (EPS)?

The net income minus dividends divided by the number of shares

The total revenue of a company divided by the number of shares

The total profit of a company divided by its expenses

The total assets of a company divided by its liabilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is net worth?

The value of everything you own minus what you owe

The total income of a company over a period

The total expenses of a company over a period

The total assets of a company

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