Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Financial Terminology Quiz 2 (30 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What are the different forms of business?
2. The inclusion in the accounts of amounts which will have to be paid in the future, but which are based on current transactions.
3. The ..... is the original amount of a loan not including any interest charged
4. The inclusion in the accounts of amounts which may arise in the future.
5. A mathematical calculation which compares one amount to another.
6. Which of the following is an example of a variable cost?
7. When is a business making a loss?
8. To not have enough insurance.
9. Which of the following is a start up cost?
10. Linda went to her favorite mall because she heard about some discounts. She paid for a new hairdryer, and she will get a 15% ..... in her next purchase.
11. The economic resources a business has
12. A shareholding of less than 50% in another company.
13. Bought a TV which doesn't work. I'll take it back to the shop to get
14. The goods which a company produces, but which has not yet been sold.
15. If a company defaults on a loan, it means they miss a/an ..... .
16. A person who derives advantage from something (life insurance policy)
17. Things your company is responsible for by law
18. In Britain, it's not usual to discuss your personal
19. An amount to be paid for an insurance policy.
20. The things which a person or company owns and which are of value to the owner.
21. David needs money urgently, so he decides to make a ..... to get some cash from his credit card account.
22. The amount you pay in a calendar year before your health plan begins to pay.
23. ..... is about planning for the uncertain future and deciding what kind of investments should the business make.
24. An insurance policy for your car
25. The process of checking a random sample of a list of items, to gain assurance that the complete list is correctly reported.
26. The financial assets needed for a business to produce the good/service
27. Looks at how the business will expand in the future
28. ..... has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business.
29. Rose wants to give her son a birthday gift. She doesn't know what to buy, so she decided to give him a ..... so he can spend a specific amount of money buying whatever he wants, leaving no debts behind.
30. The distribution of the profits of a company to its owners.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books