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Business Finances Flashcards | StudBud
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Business Finances
Business Finances
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StudBud Administration
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#Entrepreneurship #FinancialPlan
Flashcards
10 cards
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Questions
10
Answers
1
_______ plays a vital role in the day-to-day activities of every business.
Accruing
Borrowing
Calendaring
Accounting
2
When a manager wants to know how much cash is available, he can look at a(n) _______.
Statement of Cash Flows
Income Statement
Balance Sheet
Bank Statement
3
_______ is ownership in a business.
Financing
Equity
Capital
Venture
4
Capital is the net worth of a business, the amount by which its ______ exceed its _______.
assets; equity
equity; assets
liabilities; assets
assets; liabilities
5
When a company wants to "go public," it is talking about its IPO. What does that stand for?
Initial Portioned Offering
Initiated Public Observance
Initial Public Offering
Internal Professional Obfuscation
6
_______ are anything of value that the business owns.
Assets
Liabilities
Risks
Accounts
7
When an entrepreneur tries to operate as frugally as possible, it is called _______.
leasing
accounting
bootstrapping
borrowing
8
What is another word for "net income?"
profit
asset
expenditure
capital
9
A _______ is a formal, written statement of expected revenue and expenses.
discount
budget
cost
reserve
10
Business owners will often compare different _____ on a financial statement to identify trends.
accounts
activities
categories
periods
