Intro to Finance

What is an 'Asset'?

• Money owed by a company

• Something owned by a company that has value

• Money invested in a business

• Financial statements of a company

What is 'Liability' in business terms?

• A company's profit

• Something that a company owns

• Money that a company owes to others

• The process of budgeting

What is 'Private Equity'?

• Publicly traded stocks

• Investments in private companies not listed on public exchange

• A type of government bond

• A savings account for emergencies

What is a 'Balance Sheet'?

• A list of company shareholders

• A record of all company sales

• A financial statement showing a company's assets, liabilities, and equity

• An outline of a company's marketing strategy

What does 'Depreciation' mean?

• Increasing value of assets over time

• Decreasing value of assets over time

• Money owed by a company

• The process of budgeting for a project

What does 'Net Income' refer to?

• Total sales minus cost of goods sold

• Total revenue minus expenses and taxes

• A company's total sales

• Total revenue minus cost of goods sold

What is 'Venture Capital'?

• A loan from a bank

• Funding provided to startups/small businesses with high growth potential

• A type of insurance policy

• A retirement savings plan

What is a 'Bond'?

• A mutual fund

• A type of stock

• A savings account

• A fixed income instrument representing a loan by an investor.

What is a 'Cash Flow'?

• Money invested in the company

• The total amount of money being transferred into and out of a business

• A record of all company sales

• A company's total expenses

What is 'Inventory' in business?

• The company's budget for the next year

• A list of company shareholders

• Goods available for sale

• The company's total expenses