Electronic Funds Transfer at Point Of Sale

Which is not a business term for 'Credit'?

A type of grade you can receive, based on a percentage

In business, 'Balance' is...

Total amount of money in a bank account

A payment out of a bank account

A plan for expected income and expenses for a period of time

In business terms, 'Withdrawal' means...

An act of taking money from a bank account

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Business Glossary

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A Learning Journey activity to test your parent's knowledge of business terms and their meanings! :)

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Questions 10

Answers

1
EFTPOS stands for...
Electronic Funds Transfer for Products Or Services
Electronic Financial Transaction at Point of Sale
Electronic Funds Transfer at Point Of Sale
Easy Funds Transfer for Products Or Services
2
Which is not a business term for 'Credit'?
A record of how well you have paid your bills in the past
A type of grade you can receive, based on a percentage
Buying goods with payment at a later date
An amount of money that is added to an account
3
A Transaction is when goods, services, or money are passed from one person/account, to another
True
False
4
In business, 'Balance' is...
Taking money from an account
Having your weight spread equally so that you don't fall
Being able to stay upright at your desk
Total amount of money in a bank account
5
Lay by means putting goods aside and only receiving it when the full balance is paid
False
True
6
An individual, business or government who purchases goods and services is known as a _________.
Consultant
Producer
Manufacturer
Consumer
7
In business terms, Deposit means...
Money paid into an account
To put or leave (someone or something) in a particular place
To leave an amount of something in an area over time
Total amount of money in a bank account
8
Debit means...
The opposite of credit
Owing money to a bank, business or individual
A payment out of a bank account
Money being paid into an account
9
What is a budget?
Payment for goods and services
A small colourful bird
Taking money from an account
A plan for expected income and expenses for a period of time
10
In business terms, 'Withdrawal' means...
An act of ending your involvement in something
An act of taking money from a bank account
An act of moving something away or taking something away
An old wooden ship

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