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Business Terminology Flashcards | StudBud
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Business Terminology
Business Terminology
10 terms
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1
"Capital gain" is the amount...
Gained when an asset is sold above its original price
Gained when a company's stocks grow
Lost at the end of a financial year
Gained when an asset is sold below its original cost
2
What does "gross income" mean?
The money that a business hopes to earn by end of the year
A disgustingly high amount of money earned
The money earned by a business before expenses are deducted.
3
A "Loan" is a ...
An amount of money which a company has lost
A finance agreement where a business borrows money
A term used to describe when a company is in debt
An aquatic fish
4
In business terms, "forecast" means:
a prediction of future financial transactions
A prediction of what the weather will be
5
What is the definition of "debt"?
Money which a company wants to give to another company
The total amount of money which is spent by a company
Money the company has in the bank
Any amount that is owed including bills and loan repayments
6
What does "Revenue" mean?
The amount earned before expenses and taxes are taken out
A company which is based overseas
The amount earned after the expenses at taxes are taken out
The money which is lost that financial year
7
What is the definition of "finance"?
Money which is lost by the company at the end of the year
Money used to fund a business or high value purchase.
Money which is earned by the company at the end of the year
Money used to pay the staff
8
"Stocktaking" is when a company...
Getting rid of supplies
Buys new stock
Physically counts their amounts of supplies and merchandise
Works with another company
9
A person/company is considered "bankrupt" when they are...
Growing at an extremely slow rate
Declared in law as unable to pay their debts.
Not meeting their predicted earnings
Legally declared insolvent because of inability to pay debts
10
In business terms, what is "interest"?
Money which a company hopes to spend in the future
The money a company owes to another company
The fee charged by a lender for the use of borrowed money
The feeling of wanting to know or learn about something
