Question 1

Which term refers to the financial gain earned from an investment or business activity?

Accepted Answer

Profit

Answer

Equity

Answer

Asset

Answer

Debt

Question 2

Which of the following refers to money owed by an individual or organization to another party?

Accepted Answer

Debt

Answer

Profit

Answer

Income

Answer

Expense

Question 3

What is the term for the difference between a company's total revenue and its total expenses?

Accepted Answer

Profit

Answer

Liability

Answer

Asset

Answer

Equity

Question 4

What do we call money that a company owes to its creditors or suppliers?

Accepted Answer

Liability

Answer

Equity

Answer

Interest

Answer

Asset

Question 5

Which term refers to the amount of money that is left after subtracting expenses from revenue?

Accepted Answer

Profit

Answer

Interest

Answer

Asset

Answer

Loan

Question 6

What is the term for the amount of money that a company brings in from its normal business activities?

Accepted Answer

Revenue

Answer

Expense

Answer

Loan

Answer

Capital

Question 7

Which term refers to the process of borrowing money to purchase an asset or investment?

Accepted Answer

Loan

Answer

Cash Flow

Answer

Dividend

Answer

Risk

Question 8

What is the term for the increase in the value of an investment over time?

Accepted Answer

Interest

Answer

Savings

Answer

Expense

Answer

Revenue

Question 9

Which term refers to the value of all assets owned by an individual or company after deducting all liabilities?

Accepted Answer

Equity

Answer

Interest

Answer

Income

Answer

Budget

Question 10

What is the term for an individual's or organization's long-term financial obligations that must be paid?

Accepted Answer

Debt

Answer

Expenses

Answer

Income

Answer

Profit

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