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Financial Terminology Quiz 3 (30 MCQs)

Quiz Instructions

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1. Life insurance that pays a death benefit if the policyholder dies within a specified term
2. What is revenue sometimes called?
3. The finance a company raises from issuing shares rather than taking out loans is known as ..... capital.
4. Insures an individual for any damage sustained to their personal automodible that is due to the fault of the insured driver
5. Details specific goals the company will try to reach
6. The process to reduce the value of an intangible asset to zero, over a specified number of years.
7. The manipulation of figures in the accounts, designed to give a better result for the company.
8. The fixing of the amounts to be spent in the future. Also, the official statement showing these amounts.
9. Which term describes the amount of money it costs to make the product (ingredients, packaging)
10. Insurance programs established by various state insurance departments that require companies doing business in a state to accept risks that a company would not voluntarily write.
11. What is the primary objective of a business?
12. Which profit is the net profit that can be kept within the enterprise after paying out profit to the owners.
13. What is a fixed cost?
14. Anna wants to open a bank account that allows her to do transactions such as withdrawals in ATMs, payments and transfers between accounts. Anna wants a .....
15. The process of checking the finances and contracts of a company before the purchase of its assets or shares, to ensure all relevant information has been given.
16. The difference between the sales value and the direct costs of producing an item.
17. The process of including the figures of subsidiaries and affiliates in the accounts of a holding company.
18. Famous paintings are usually sold by
19. Another words for purchase. Normally used for very large amounts, such as buildings, factories, or another company
20. An amount which has to be paid to another party.
21. The process to reduce the value of an asset to zero, over a specified number of years
22. A company which is owned or controlled by another company.
23. A practice or arrangement whereby a company provides a guarantee of compensation for specified forms of loss, damage, injury or death.
24. Comprehensive income is a statement of all income and expenses recognized during this period
25. Which profit is this the money an enterprise makes from selling a product (once cost of sales have been deducted)
26. To be under an insurance
27. A form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home.
28. A document or request filed by a policyholder statng that an insured event has occured and that the insurance company should provide coverage
29. What are the key inputs of business?
30. William wants to have the opportunity of buying the things he needs to repair his house and make other purchases, even if he doesn't have the cash in his pocket nor in his bank account. William needs a .....
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