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