Test Your Business Terms Knowledge! Quiz

20 Questions | Total Attempts: 115

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Test Your Business Terms Knowledge! Quiz

Test your business terms knowledge with this quiz! A business is a venture set up to maximize profit and grow by ensuring they have clients for their goods and services. Do you know how the businesses get their capital for the different investments they wish to undertake? In this quiz, you will get to test out what you know about keeping a business going and some of the common terms. Do give it a try!


Questions and Answers
  • 1. 
    What is the interest rate on a mortgage loan?
    • A. 

      Mortgage Bond

    • B. 

      Principal Rate

    • C. 

      Mortgage Rate

    • D. 

      Mortgage Duration

  • 2. 
    What is another name for the borrower on a loan secured by property?
    • A. 

      Lender

    • B. 

      Share Holder

    • C. 

      Mortgager

    • D. 

      Mortgagee

  • 3. 
    What is another name for a firm that operates in more than one country?
    • A. 

      Multinational Corporation

    • B. 

      Internal Corporation

    • C. 

      Multicurrency Corporation

    • D. 

      Domestic Corporation

  • 4. 
    An odd lot refers to how many shares of stock?
    • A. 

      500

    • B. 

      Less Than 100

    • C. 

      10,000

    • D. 

      1,000

  • 5. 
    What is the period at the beginning of the trading session called?
    • A. 

      Open Bidding

    • B. 

      The Close

    • C. 

      Closing Out

    • D. 

      The Opening

  • 6. 
    What is the ratio of operating margin to net sales?
    • A. 

      Operating Risk

    • B. 

      Operating Lease

    • C. 

      Operating Profit Margin

    • D. 

      Operating Cycle

  • 7. 
    What is the payment of a financial obligation earlier than is expected or required?
    • A. 

      Lead

    • B. 

      Lag

    • C. 

      Leakage

    • D. 

      Lag Response

  • 8. 
    What is the payment per period stated in a lease contract?
    • A. 

      Lease Debt

    • B. 

      Lease Rate

    • C. 

      Contract Rate

    • D. 

      Payment Ratio

  • 9. 
    What is a legal proceeding for liquidating or reorganizing a business?
    • A. 

      Merger

    • B. 

      Acquisition

    • C. 

      Tax Shelter

    • D. 

      Legal Bankruptcy

  • 10. 
    What is another term for book cash?
    • A. 

      Ledger Cash

    • B. 

      Monetary Gold

    • C. 

      Liquid Cash

    • D. 

      Book Capital

  • 11. 
    What are economic series that tend to rise or fall in advance of the rest of the economy?
    • A. 

      LEAPS

    • B. 

      Leads

    • C. 

      Lags

    • D. 

      Leading Economic Indicators

  • 12. 
    Who leases an asset from another entity?
    • A. 

      Lessee

    • B. 

      Principle

    • C. 

      Lessor

    • D. 

      Lender

  • 13. 
    What is the use of debt financing?
    • A. 

      Warehousing

    • B. 

      Level Pay

    • C. 

      Lending

    • D. 

      Leverage

  • 14. 
    The low price refers to the day's lowest price of what?
    • A. 

      A Security

    • B. 

      An Asset

    • C. 

      Liquid Variables

    • D. 

      A Trade

  • 15. 
    In long term debt, what is the term of maturity from the date issued?
    • A. 

      Six Months

    • B. 

      Over One Year

    • C. 

      Six Weeks

    • D. 

      Forty Days

  • 16. 
    What ratios measure a firm's ability to meet short-term financial obligations on time?
    • A. 

      Short Term

    • B. 

      Long Term

    • C. 

      Liquidity

    • D. 

      Monetary

  • 17. 
    Who holds liquidation rights in the event a firm liquidates?
    • A. 

      Board Of Directors

    • B. 

      Security Holders

    • C. 

      Lessees

    • D. 

      Borrowers

  • 18. 
    In liquidation, to whom do leftover assets go?
    • A. 

      Borrowers

    • B. 

      No One

    • C. 

      Shareholders

    • D. 

      Lessees

  • 19. 
    Short term security is what kind of asset?
    • A. 

      Liquid

    • B. 

      Gold

    • C. 

      Fluid

    • D. 

      Bonded

  • 20. 
    What kind of partner has limited legal liability for the partnership's obligations?
    • A. 

      Limited

    • B. 

      Long Term

    • C. 

      Commercial

    • D. 

      Fixed