Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Strand 5 And 6 Vocab Review
Test Description: Strand 5 and 6 Review
Instructions: Answer all questions to get your test result.
1) The accounting equation is...
A
Assets - Liabilities = Owner's Equity
B
Assets = Liabilities = Owner's Equity
C
Assets = Liabilities + Owner's Equity
D
Assets + Liabilities = Owner's Equity
2) Anything of value that is owned by an individual or a business
A
Owner's Equity
B
Assets
C
Liabilities
D
Liquidity
3) All of the following are examples of assets EXCEPT...
A
Cash
B
Equipment
C
Computer
D
Credit Card Bill
4) Debts that a business owes are called....
A
Liabilities
B
Equity
C
Liquidity
D
Assets
5) Forecasting your future Income and Expenses and planning where your money will go is called...
A
Balancing
B
Spending
C
Paying
D
Budgeting
6) May is in the __________ quarter of the accounting year.
A
2nd
B
1st
C
4th
D
3rd
7) Which of the following is NOT reported on a balance sheet?
A
Owner's Equity
B
Liabilities
C
Revenue
D
Assets
8) A balance sheet is a report on the financial health of a business.
A
For one quarter of a year
B
For the entire year
C
On a specific day
D
Over a range of time
9) All are reported on an Income Statement EXCEPT
A
Assets
B
Revenue
C
Expenses
D
Net Income/Net Loss
10) When the business's expenses are greater than its income the business has a....
A
Balance Sheet
B
Net Loss
C
Net Income
D
Income Statement
11) Shares of ownership in a company
A
Mutual Funds
B
Dividends
C
Stocks
D
Bonds
12) When and investor loans money to an entity (usually government) for a period of time for an interest rate. Like an IOU.
A
Stocks
B
Debt
C
Bonds
D
Mutual Funds
13) A collection of stocks or bonds in a big fund that you can own shares of.
A
Bond
B
Mutual Fund
C
Stock
D
Risk
14) A distribution of a portion of a company's earnings to its shareholders.
A
Stock
B
Bond
C
Dividend
D
Reward
15) If you buy a stock for $53 and sell it for $60 you will have a....
A
$7 loss
B
$60 gain
C
$7 gain
D
$53 gain
16) In general, the higher the risk you are willing to take....
A
The lower the reward will probably be
B
The less money you will have
C
The more debt you will have
D
The higher the reward could be
17) The idea that money at the present time is worth more than the same amount in the future due to its potential earning capacity.
A
Mutual Fund management
B
Time value of money
C
Risk/return
D
Compound interest
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?