Business Terms Basics Quiz

Froggy Jumps

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About this activity

Freshman intro to terms

Created by

Derek Galante

United States

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Froggy Jumps Business Terms Basics QuizOnline version Freshman intro to terms by Derek Galante 1 What does 'revenue' mean in a business context? a Net profit after taxes b Money spent on marketing only c Total income from sales before expenses 2 Which term best describes the money left after costs are subtracted? a Profit b Revenue c Liability 3 Assets are items a company owns. Which is NOT an asset? a Debt b Cash c Equipment 4 What is a 'liability' in accounting? a Income from sales b A future asset c A financial obligation or debt 5 What does 'equity' represent for a company? a Total assets b Owner’s claim after liabilities c Current liabilities only 6 Which term means the decrease in value of an asset over time? a Depreciation b Amortization c Appreciation 7 Gross margin measures profitability from core operations. It is calculated as: a Total assets minus liabilities b Net income minus taxes c Revenue minus cost of goods sold 8 ROI stands for? a Return on Investment b Refund of Inventory c Rate of Interest 9 A market with many buyers and sellers and freedom of entry is called? a Perfect competition b Monopoly c Oligopoly 10 Market share refers to a company's what? a Number of employees b Total assets owned c Proportion of total sales in the market

Froggy Jumps

Business Terms Basics QuizOnline version

Freshman intro to terms

by Derek Galante

What does 'revenue' mean in a business context?

Net profit after taxes

Money spent on marketing only

Total income from sales before expenses

Which term best describes the money left after costs are subtracted?

Profit

Revenue

Liability

Assets are items a company owns. Which is NOT an asset?

Debt

Cash

Equipment

What is a 'liability' in accounting?

Income from sales

A future asset

A financial obligation or debt

What does 'equity' represent for a company?

Total assets

Owner’s claim after liabilities

Current liabilities only

Which term means the decrease in value of an asset over time?

Depreciation

Amortization

Appreciation

Gross margin measures profitability from core operations. It is calculated as:

Total assets minus liabilities

Net income minus taxes

Revenue minus cost of goods sold

ROI stands for?

Return on Investment

Refund of Inventory

Rate of Interest

A market with many buyers and sellers and freedom of entry is called?

Perfect competition

Monopoly

Oligopoly

Market share refers to a company's what?

Number of employees

Total assets owned

Proportion of total sales in the market

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Business Terms Basics Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Business Terms Basics QuizOnline version

by Derek Galante

What does 'revenue' mean in a business context?

Which term best describes the money left after costs are subtracted?

Assets are items a company owns. Which is NOT an asset?

What is a 'liability' in accounting?

What does 'equity' represent for a company?

Which term means the decrease in value of an asset over time?

Gross margin measures profitability from core operations. It is calculated as:

ROI stands for?

A market with many buyers and sellers and freedom of entry is called?

Market share refers to a company's what?

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