Which is not a business term for 'Credit'?

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

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

A payment out of a bank account

Electronic Funds Transfer at Point Of Sale

In business, 'Balance' is...

Total amount of money in a bank account

In business terms, 'Withdrawal' means...

An act of taking money from a bank account

studbud

Business Glossary

10 termsStudBud Administration21,825 plays

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

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

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

Business Glossary Flashcards | StudBud