Financial Vocabulary Quiz

Slides (13)

1. 1 - Freestyle

2. 2 - Pick Answer Which of these refers to long-term tangible assets used in operations?

   1. Cash

   2. Liquid Assets

   3. Inventory

   4. Fixed Assets

3. 3 - Pick Answer Which report shows a company’s financial activities and position?

   1. Revenue

   2. Return on Investment

   3. Forecast

   4. Financial Statements

4. 4 - Pick Answer What term describes the total money generated by a business?

   Revenue

5. 5 - Pick Answer Which best describes 'Liabilities'?

   1. Costs of employee salaries

   2. Revenue from core operations

   3. Debts the company owes

   4. Assets the company owns

6. 6 - Pick Answer What is calculated by subtracting total expenses from total revenue?

   1. Gross Profit

   2. Breakeven

   3. Return on Investment

   4. Net Profit

7. 7 - Pick Answer What term describes a business estimate of future revenue and costs?

   Forecast

8. 8 - Pick Answer What do you call the total money earned before subtracting costs?

   Revenue

9. 9 - Pick Answer Match the Terms – Set A

   1. Cash Flow - Net cash moving in and out over time

   2. Accounts Payable - Money a business owes to suppliers

   3. Accounts Receivable - Money owed to a business by customers

   4. Cash - Physical currency, coins and bank balances

10. 10 - Pick Answer Match the Terms – Set B

    1. Expense - Cost from operations to generate revenue

    2. Fixed Cost - Cost that remains constant regardless of output

    3. Fixed Assets - Long-term tangible business assets

    4. Financial Statements - Reports summarizing financial activities

11. 11 - Pick Answer Match the Terms – Set C

    1. Liabilities - Debts and obligations owed by a business

    2. Inventory - Goods held for resale or production

    3. Gross Profit - Revenue minus cost of goods sold (COGS)

    4. Forecast - Estimate of future financial performance

12. 12 - Pick Answer Match the Terms – Set D

    1. Owners’ Equity - Assets minus liabilities

    2. Return on Investment - Profit relative to investment cost

    3. Net Profit - Revenue minus all expenses

    4. Liquid Assets - Assets easily converted to cash

13. 13 - Pick Answer Match the Terms – Set E

    1. Owners’ Equity - Residual interest after liabilities

    2. Breakeven - Point of no profit or loss

    3. Variable Cost - Cost that changes with production level

    4. Revenue - Total money generated by operations