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Business Studies quick quiz

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Business Studies quick quiz

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About this activity

Mention the described term

Created by

Srishti Rawat
Srishti Rawat
India

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Business Studies quick quiz
 

Business Studies quick quizOnline version

Mention the described term

by Srishti Rawat
1

You can place your money, jewelry, or trust in me. I accept deposits, lend money, and facilitate trade by discounting bills. I even have branches, but no leaves! What am I?

Hints

Entries from me are later posted to a more summarized book called a ledger.

I record transactions in the sequence they occur.

I am a book of original entries.

2

I am what remains after you take the costs from the receipts; many chase me, but I vary with risk and effort. What am I?

Hints

I represents the financial gain after deducting costs; it reflects performance and risk taken by the business.

I am calculated as revenue minus expenses.

I am not the total revenue.

3

I have no eyes to see, no mouth to talk, but I am the foundation of all commerce. I am the buying and selling of goods and services, not for personal use, but to earn a profit. What am I?

4

I am a business organization with a separate legal entity. I have a common seal, a board of directors, and my capital is divided into transferable units. I never die. What am I?

5

I am the unseen agreement you make to protect yourself from future losses. You pay a small regular amount, and I promise to cover you if disaster strikes. What am I?

6

If you are a risk-taker, visionary, and the sole decision-maker, I am your ideal form of business. I bring all rewards and shoulder all liabilities, but my existence is tied directly to you. What am I?

7

"United we stand, divided we fall" is my ultimate motto. I involve two or more people pooling resources, sharing risks, and operating based on a legal mutual agreement. What am I?

 
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