Extra money you earn when selling something for more than you paid for it.

Cost of materials or advertising

Deciding how to spend your money

Putting you money aside for later

What does investing mean...

Using your money to buy something that will increase in value over time

Total amount of money a business earns

All of these are great reasons to save money except for...?

So you'll be able to charge money on a credit card

A store that provides things to people in exchange for money

What is financial literacy?

Skill to manage money and personal finances effectively

What does debt mean...

Borrowing money from someone and you have to pay it back

studbud

Building a Business From Scratch Vocabulary

11 termsStudBud Administration47 plays

Imported from external platform

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
What is a profit?
Extra money you earn when selling something for more than you paid for it.
The amount of money you loose when you buy a product
The money that you invest in making a new product
2
What are expenses?
Cost of materials or advertising
The money you save
The money you make for selling a product
3
Budgeting means...
Putting your money aside for later
Spending money all at once
Deciding how to spend your money
4
Savings means...
Putting you money aside for later
Spending all you money at once
Deciding how to spend your money
5
What does investing mean...
Using your money to buy something that will increase in value over time
Using you money to pay off your debt
Using your money to buy a lot of items
6
What is revenue?
The amount of debt a business owes
Total amount of money a business earns
Total amount of money a business looses
7
What is an Entrepreneur? Someone who
Is great at math
Has a business
Enters the room
Works in a circus
8
All of these are great reasons to save money except for...?
So you'll have money to buy something you really want
So you'll be able to save your money to buy some expensive
So you'll be able to charge money on a credit card
So you'll have money in case of an emergency
9
What is a business?
A place where kids go everyday to learn
A store that provides things to people in exchange for money
A bank that takes people's money to store & save for them
10
What is financial literacy?
Skill to read effectively
Skill to manage money and personal finances effectively
Skill to manage multiple employees effectively
Skill to calculate money effectively
11
What does debt mean...
Borrowing money from someone and you have to pay it back
Inveting your money in something in hope you'll make more money
Putting your money in a bank and saving it for an emergency

Building a Business From Scratch Vocabulary Flashcards | StudBud