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Business Vocab
Business Vocab
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#Supplemental Materials for Micro-Enterprise Credential #SBA
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
Cost of Goods Sold
All of the Above
Labor
The cost paid to buy the clothes it sells
Direct materials
2
EBITDA
Earnings before interest,Taxes,Depreciation,and Amortization
Subtracted from revenues
Net after all non-banking cash expenses
3
Risks in a market sector that impact all competitors in that sector
Reputational Risk
Political Risk
Financial Risk
Market Risk
4
Because historical cost is _______ it has a value we can confirm
Objectivity
None
MArket Value
Materials
5
Revenues
Cash recieved
Equal amount of money
I don't know
Units Sold x Price
6
Risks associated with the ______ and good standing of a venture
Reputational Risk
Bangers
Money laundring
Business Risk
7
Book Value
Assets minus Liabilities
Assets minus Liabilities *applied to a person*
Assets minus Liabilities *applied to a business*
All Of The Above
8
Big enough to care about
Material
Liability
Salaries and Benefits
Historical Cost
9
To spread a non-recurring expenditure over a period of years
Postage Stamp Pricing
Salaries and Benefits
Value-Based pricing
Amortized
10
An Asset is a
Buildings
Thing of value
Cash
Bills you sent to a good customer that haven't been paid yet
11
All dollar amounts on a finacial statement are recorded at _______
Liabilities
Marketing
Historical Cost
NONE OF THE ABOVE
12
Taxes
Government Money
Liability
Taxes Paid
Profit
13
The original cost of an asset is called
Fixed Costs
O&M Expenses
Basis
Income Statement
14
Risks associated with the geography in which a venture operates
Political Risk
World Geography
Financial Risk
Basic Money
15
Any period for which a finacial statement is prepared...
Dynamic
Accouting Period
Amortize
Marginal Pricing
16
Money paid to shareholders after all expenses is called a...
Dividends
PAT
PBT
Liabilities
17
Gross Margin
All of the above
Subtract your cost from your goods
Amount left over
the amount you have to spend on "everything else"
18
PBT is short for...
Money back
None of the above
Bank statements go up
Profit Before Taxes
19
The
Theoretical
reduction in value of an asset over time....
Deprectiaton
Net basis
Absolutely None
The House
20
The accounting statement that shows how well an enterprise did in terms of earning money
Income Statement
EBITDA
Cost of Goods Sold
Revenues
21
Snapshot of a business frozen at a momen tin time
Market Value
Balance Sheet
Materials
Objectivity
22
Risks associated with the success of a single venture
Market Risk
Business Risk
Political Risk
Reputational Risk
23
What the next sucker coming down the pike will pay for the asset you have to sell
Market Value
Objectivity
Goods Sold
Disability
24
Risks associated with the _____ standing/performance of a venture
Business Risk
Market Risk
Reputational Risk
Financial Risk
25
Operating Expenses
Operating and Mantiance
None
Money spent to operate and maintaine an enterprise
26
PAT is short for?
Telophase
Profit After Taxes
Confused
Disability
27
Money paid as consideration for liabilities incurred
Cost Of Good Sold
Interest
Operating Expenses
