Test Your Knowledge About Business Terms

20 Questions | By Alfredhook3 | Last updated: Mar 21, 2022 | Total Attempts: 896

Questions

Settings

Create your own Quiz

Test Your Knowledge About Business Terms - Quiz

This quiz will help you know if you are a business minded person and how much you know about business. Find out and gauge your understanding of business terms and most business concepts below. Good luck!

Questions and Answers

1.

A periodic review of a company's financial transactions is done through what?
- A.
  
  Dividends
- B.
  
  Portfolio
- C.
  
  Interoffice Mail
- D.
  
  Audit
2.

If you have recourse against a company, it means you have a general what?
- A.
  
  Tax Bill Owed
- B.
  
  Claim Against Them
- C.
  
  Right To Work
- D.
  
  Debt To Pay
3.

Business standards of conduct are also known as what?
- A.
  
  Ethics
- B.
  
  Fixed Rate
- C.
  
  Lines Of Credit
- D.
  
  Human Resources
4.

What department is usually involved in hiring employees?
- A.
  
  Human Resources
- B.
  
  Customer Service
- C.
  
  Marketing
- D.
  
  Finance And Accounting
5.

Real exchange rates have been adjusted for what between countries?
- A.
  
  Inflation
- B.
  
  Time Zones
- C.
  
  Profit
- D.
  
  Language Differences
6.

What is meant by a range of prices?
- A.
  
  High And Lows Recorded
- B.
  
  Market Value Of Beef
- C.
  
  Open Range For Ranchers
- D.
  
  Profit And Loss
7.

A contract that prohibits an employee from switching to a competing company, is called what?
- A.
  
  Business Conduct Manual
- B.
  
  Non-competitive Agreement
- C.
  
  Exception Opinion
- D.
  
  Paralegal Clause
8.

The price of one country's currency for another country's currency depends on what?
- A.
  
  Bear Market
- B.
  
  Money Market Account
- C.
  
  Exchange Rate
- D.
  
  Dow Jones Industrial Average
9.

A rate lock in mortgages guarantees a specified what for a period of time?
- A.
  
  Mortgage Vendor
- B.
  
  Interest Rate
- C.
  
  Flexibility
- D.
  
  Profit
10.

Allocating the purchase cost of an asset over its lifetime, takes what into consideration?
- A.
  
  General Drift
- B.
  
  Depreciation
- C.
  
  Tax Shield
- D.
  
  Detachable Warrant
11.

A building and equipment would be considered what type of asset?
- A.
  
  Obligatory
- B.
  
  Inflated
- C.
  
  Virtual
- D.
  
  Real
12.

What type of contract is used between a landlord and a renter?
- A.
  
  Lease
- B.
  
  Escrow Account
- C.
  
  Land Equity
- D.
  
  Renters Insurance
13.

The fine print at the bottom of a statement that removes liability, is called what?
- A.
  
  Auditor's Statement
- B.
  
  Par Value Premium
- C.
  
  Disclaimer
- D.
  
  Fraudulent
14.

Dividing investment funds among a variety of securities with different risks means that you've done what?
- A.
  
  Stabilized
- B.
  
  Earned Capital
- C.
  
  Dividend Planning
- D.
  
  Diversified
15.

A nation's internal market is what type of market?
- A.
  
  Domestic
- B.
  
  Immigration
- C.
  
  International
- D.
  
  Global
16.

Investors usually sell short when they think the price of a stock is going to do what?
- A.
  
  Go Down
- B.
  
  Stay The Same
- C.
  
  Be Fixed
- D.
  
  Go Up
17.

The Foreign Credit Insurance Association can be abbreviated as what?
- A.
  
  FDIC
- B.
  
  SEC
- C.
  
  FCIA
- D.
  
  ASFAB
18.

The settlement day of a trade is when what happens?
- A.
  
  Stock Goes On Sale
- B.
  
  Offer To Sell Is Published
- C.
  
  Payment Is Made
- D.
  
  Offer To Buy Is Made
19.

A person who is limited by a consistant single source of income is often said to live on what?
- A.
  
  Interest
- B.
  
  Dividends
- C.
  
  Fixed Income
- D.
  
  Welfare
20.

If an interest rate is established at one rate for the life of a loan, it is what type?
- A.
  
  Adjustable Rate
- B.
  
  Preferred Stock
- C.
  
  Fixed Rate
- D.
  
  Fluctuating Rate