Unit 3 Intro to Bus Finance Review

A balance sheet always has to:

• Be in surplus

• Balance

• Show a profit

• Be in deficit

NASDAQ is an online global marketplace for:

• Buying and trading bonds

• Buying and trading stocks

• Buying and trading commodities

• Buying and trading real estate

Of the 3 Cs of credit, "capacity" refers to:

• Your income

• Your collateral

• Your credit history

• Your character

If a company has an IPO, they are using:

• Equity financing

• Debt financing

• Lease financing

• Trade financing

Disposable income is the money you have left over after:

• Paying taxes

• Paying debts

• Paycheck deductions and expenses

• Investing in stocks

The most liquid asset is:

• Real estate

• Stocks

• Bonds

• Cash

Dividends are company profits paid to:

• Employees

• Shareholders

• Suppliers

• Creditors

Creditor accounts are listed in the:

• Asset section of the balance sheet

• Liability section of the balance sheet

• Equity section of the balance sheet

• Revenue section of the balance sheet

Credit cards typically charge a higher interest rate than:

• Personal loans

• Mortgages

• Car loans

• Payday loans

Roth 401(k) withdrawals at retirement are:

• Taxed

• Not taxed

• Partially taxed

• Taxed only if over a certain amount