stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Finance (Terminology Quiz) Flashcards | StudBud
Explore
/
Finance (Terminology Quiz)
Finance (Terminology Quiz)
20 terms
·
StudBud Administration
·
41 plays
Week 1/2 of events and finance recap
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Which of the following is NOT an event?
Wedding
going to the beach
markets
State of Origin game
2
What is event management?
people management
finance
refers to the planning, preparation, monitoring and management of events
organising a football team
3
An Asset is...
important
property & other items of a business, such as premises, machinery, cash
something good
things in a business of value/worth money
4
What is NOT required when organising events?
Catering
timelines, ticketing and communicating
relaxing at the party
budgeting and finance
5
What is Capital?
money or wealth needed to produce goods and services for a business
things a business has
The most important city in a state or country
6
True or False - there are internal AND external sources of finance?
TRUE
FALSE
7
Internal finance examples are:
personal finance (owners equity) and loans
loans and overdraft
overdraft and retained profit
retained profit and personal finance (owners equity)
8
When a business borrows or hires something (car, machinery, building) and makes regular payments it is called..
factoring
borrowing
leasing
bank loan
9
When a business defaults on a payment it means that they..
had someone else pay it for them
paid it on time
didn't pay it on time
10
When a business sells off its unpaid accounts to other institutions or businesses so they can increase their cashflow..
debt collecting
debt selling
factoring
selling
11
The income – in cash and non-cash forms – that a business earns from the total sale of services or products
income
net- profit
revenue
products
12
What is left after all the costs of a business have been taken away from their sales revenue ?
capital
expenses
revenue
Net Profit
13
Mortgages are long term loans that are secured against the property or real estate they are for
FALSE
TRUE
14
What are business goals and objectives?
objections to the rules of a business
Part of a strategic plan-give the busines direction to move forward & grow
you have goals in football
a selection of statements a business writes for no reason
15
What is finance?
bank account
an important person with money
managing of money particularly in relation to businesses & acquiring funds
16
Budgeting for events isn't important
FALSE
TRUE
17
What is an event?
planned public or social occasion
a party
a person that organises events
a business that has events
18
which is NOT a type of finance?
government
corporate
personal
school
19
Ms Marlow is a legend
FALSE
TRUE
20
Security on a loan is..
something that the bank/finance company can take if you default on a loan
A big strong guy that stands at the fron of the bank
a car being taken
