Ent: Business Terms Quiz 1

Ent: Business Terms Quiz 1

9th Grade

8 Qs

quiz-placeholder

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Ent: Business Terms Quiz 1

Ent: Business Terms Quiz 1

Assessment

Quiz

Business

9th Grade

Easy

Created by

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