Test Your Knowledge About Business Terms

20 Questions | Total Attempts: 896

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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

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