The Ultimate Business Terms Quiz

15 Questions | By Thames | Updated: Feb 16, 2023 | Attempts: 109

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Questions and Answers

1.

A financial plan for the upcoming year is called what kind of plan?
- A.
  
  Long-Term
- B.
  
  Short-Term
- C.
  
  Annuity
- D.
  
  Costly
2.

What does the abbreviation "Inc." stand for?
- A.
  
  Included
- B.
  
  In Company
- C.
  
  Innovation Capital
- D.
  
  Incorporated
3.

Payments that come in to a company fall into what category?
- A.
  
  Accounts Receivable
- B.
  
  Shareholders
- C.
  
  Mutual Funds
- D.
  
  Accounts Payable
4.

An account that is held by two or more persons or companies, is what type of account?
- A.
  
  Joint
- B.
  
  Underwriting
- C.
  
  Mutual Fund
- D.
  
  Dual Interest
5.

A loan that comes due with one last, large payment, is referred to as what type of payment?
- A.
  
  Mutual Bond
- B.
  
  Adjustable Rate
- C.
  
  Balloon
- D.
  
  Merger
6.

What does owning a share of stock represent?
- A.
  
  Profit And Loss Will Equal Out
- B.
  
  You Can Make All Decisions
- C.
  
  You Pay Less Taxes
- D.
  
  Ownership In Corporation
7.

In business, what does "B2B" stand for?
- A.
  
  Back To Back
- B.
  
  Breakfast To Bed
- C.
  
  Borrowed Through Bank
- D.
  
  Business To Business
8.

A statement of financial transactions resulting in a summary of assets and liabilities is called what?
- A.
  
  Balance Sheet
- B.
  
  Municipality
- C.
  
  Balanced Fund
- D.
  
  Stockholder Equity
9.

What determines a shareholder's equity?
- A.
  
  How Active Trading Is
- B.
  
  Weighted Capital
- C.
  
  Total Funds In Bank
- D.
  
  Assets Minus Liabilities
10.

When a bank offers to extend money to a customer, it is done with what?
- A.
  
  High Interest Bond
- B.
  
  Line Of Credit
- C.
  
  Foreclosure
- D.
  
  Treasury Note
11.

When payment is made for a trade, what is that known as?
- A.
  
  Profit
- B.
  
  Incorporation
- C.
  
  Settlement
- D.
  
  Negotiation
12.

How does a person move funds from one bank account to another?
- A.
  
  Accounts Payable
- B.
  
  Overdraft Protection
- C.
  
  Treasury Note
- D.
  
  Bank Wire
13.

In regards to payment, what does seniority mean?
- A.
  
  NPV Rule
- B.
  
  Order Of Repayment
- C.
  
  Graduation Rate Of Brokers
- D.
  
  Oldest Traders On Wall Street
14.

What is a Masters degree in Business Administration commonly called?
- A.
  
  Doctorate
- B.
  
  MBA
- C.
  
  MSW
- D.
  
  Associate Director
15.

Having a secured debt means you have what?
- A.
  
  First Claim On Specific Assets
- B.
  
  Protection From All Lawsuits
- C.
  
  Overnight Security
- D.
  
  Debt Tied To Credit Report