Know Your Numbers

10 Questions
Financial Literacy Quizzes & Trivia

Take this quiz to determine your level of financial literacy.

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Questions and Answers
  • 1. 
    What does it mean when a company refers to “brick and mortar”?
    • A. 

      The house the Big Bad Wolf tried to blow down in The Three Little Pigs

    • B. 

      Expenditures related to facilities ownership and upkeep

    • C. 

      The company’s physical presence (for example, a building made of bricks and mortar) — that offers face-to-face consumer experiences

  • 2. 
    What is “capital”?
    • A. 

      The building in which your state government’s elected officials assemble

    • B. 

      The money invested in a firm

    • C. 

      The cost of doing business

  • 3. 
    What does it mean when a company is “deleveraging fixed expenses”?
    • A. 

      When a company's fixed costs are a higher percentage of sales due to sales declines

    • B. 

      When a company's expenses need to be repaired

    • C. 

      When a company announces its poor standing in the marketplace

  • 4. 
    What is a company’s “goodwill”?
    • A. 

      Results of market research reflecting the company’s public financial perception

    • B. 

      An intangible asset valued according to the advantage or reputation a business has acquired

    • C. 

      Where a company donates its gently used items

  • 5. 
    What is “gross margin”?
    • A. 

      Total sales revenue

    • B. 

      The opposite of pleasant margin

    • C. 

      The percent of total sales revenue retained after incurring the costs to produce the goods and services sold

  • 6. 
    What does “impairment” mean?
    • A. 

      An increase in a company’s stated capital

    • B. 

      A reduction in a company's stated capital, which usually happens because of poorly estimated losses or gains

    • C. 

      Taking part in any activity from a compromised position, commonly involving sports and beverages

  • 7. 
    What is the definition of “liquidity”?
    • A. 

      The ability to convert an asset to cash quickly

    • B. 

      Something you drink

    • C. 

      When a company’s assets outweigh its debt

  • 8. 
    What is “net income”?
    • A. 

      A company’s total earnings

    • B. 

      A company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses

    • C. 

      The general term used by fishermen to describe their income

  • 9. 
    What does “SG&A” stand for?
    • A. 

      Sale of Goods & Assets

    • B. 

      Senior Golf Association

    • C. 

      Selling, General & Administrative Expense

  • 10. 
    What are “soft market conditions”?
    • A. 

      A buyer's market in which supply exceeds demand

    • B. 

      A condition where the Gross Domestic Product is growing at a rate lower than two percent, or is contracting year over year

    • C. 

      A place where you can buy your groceries for cheap