Ent: Business Terms Quiz 1

Quiz
•
Business
•
9th Grade
•
Easy
Dionna Bush
Used 9+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for initial funding to start a business?
Profit
Seed Money
Depreciation
Revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes money earned after expenses?
Cost
Seed Money
Profit
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between fixed and variable assets?
Long-term vs. short-term assets
Expenses vs. money made
Initial funding vs. profit
Debts due soon vs. later
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do short- and long-term liabilities refer to?
Loss of value over time
Debts due soon vs. later
Initial funding to start a business
Money earned after expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does depreciation mean in business terms?
Financial prediction
Loss of value over time
Initial funding to start a business
Money earned after expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between cost and revenue?
Long-term vs. short-term assets
Expenses vs. money made
Debts due soon vs. later
Loss of value over time
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a pro forma statement used for?
Initial funding to start a business
Financial prediction
Loss of value over time
Money earned after expenses
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term refers to the expenses vs. money made?
Cost vs. Revenue
Fixed vs. Variable Assets
Short- & Long-Term Liabilities
Seed Money
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