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Financial Terminology Quiz 2 (20 MCQs)

Quiz Instructions

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1. A coverage usually written in conjunction with a bodily injury liability policy. This insurance covers damage done to another person's property, usually including loss of use.
2. If the business in question 10 sold 100, 000 units during the year, its variable cost per unit equalled:
3. Not telling others about information which a business partner or client tells you.
4. I'm paying for my new car in 36 monthly
5. Net Profit =
6. It details how the proposed business will sell its product to the target consumer.
7. If the current level of output (or production) of the business in question 8 is 2, 500 units, its margin of safety is:
8. The money spent on buying assets, which will then be included in the Balance Sheet.
9. A written description of a new business venture
10. The estimated value of an asset at the end of its useful life.
11. At zero output on a break even chart, the total cost line will always start:
12. What are the different forms of business?
13. The inclusion in the accounts of amounts which will have to be paid in the future, but which are based on current transactions.
14. The ..... is the original amount of a loan not including any interest charged
15. The inclusion in the accounts of amounts which may arise in the future.
16. A mathematical calculation which compares one amount to another.
17. Which of the following is an example of a variable cost?
18. When is a business making a loss?
19. To not have enough insurance.
20. Which of the following is a start up cost?
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