The measure of a firm's costs and revenue against output

Financial security pledged for repayment

Money generated from the sale of goods or service

When a business sells off its unwanted assets to raise $

Provide inventors with the exclusive rights to manufacture

Costs that do not change with the amount of goods produced

When a lending institution allows a firm to withdraw more $

Items like machinery, land, buildings, vehicles, equipment

Costs that change with the number of goods/services produced

A recognizable symbol, word, phrase design that is official

Contribution per Unit (CPU)

Difference between the selling price per unit and VC

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IB Business Management Finance Vocabulary Quiz

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Questions 25

Answers

1
Dividends are a sum of money paid to shareholders decided by the board of directors
True
False
2
Liabilities are a firm's legal debts or what it owes to other firms,institutions or individuals
False
True
3
Break-Even Chart
The measure of a firm's costs and revenue against output
Is not important to a business, only to customers
Found by deducting COGS from sales Revenue
Also known as the income statement
4
Everyone in 1st period Business Management is going to receive an A on their final.
Yes
Yes
5
Collateral
Financial security pledged for repayment
Share capital
Indirect costs
When a lending institution allows a firm to withdraw money
6
Revenue Expenditure is when a lending institution allows a firm to withdraw money
False
True
7
Revenue
Funds provided by the government or a trust
Money generated from the sale of goods or service
None of the above
A source of finance that allows a firm to use an asset
8
Sale of Assets
When a business sells off its unwanted assets to raise $
None of the above
When a business pays back a loan to a bank
An agreement between businesses to share capital and assets
9
Patents
Provide inventors with the exclusive rights to manufacture
Laws that protect the artistic right
Thevalueofpositive or favorable attributes within a business
A recognizable symbol, word, phrase or design
10
A ratio that compare's a firm's current assets to its current liabilities
NPM
Current Ratio
Return on Capital Employed (ROCE)
GPM
11
If you deduct Cost of Goods Sold (COGS) from Sales Revenue you find the.....
Gross Profit
Fixed Assets
Net Profit
Long Term Liability
12
Capital Expenditure is money spent to acquire fixed assets in a business
True
False
13
Grants are funds usually provided by government, foundation, or other agency with no repayment
False
True
14
Fixed Costs
Costs comprising both fixed and variable
The total amount of money a firm receives from sales
Costs that do not change with the amount of goods produced
Expenses that a customer incurs while buying goods
15
Overdrafts
Money sourced from financial institutions
When a lending institution allows a firm to withdraw more $
Profit that remains after a business has paid tax
Costs that do not change with the mount of product sold
16
Fixed Asset
Items like machinery, land, buildings, vehicles, equipment
Items like labor, loans, overdrafts
None of the above
Items like debt, grants, overdrafts
17
Variable Costs
Expenses such as loans, rent and wages
Money raised from the the sale of shares of a LLC
Costs that are not clearly identified
Costs that change with the number of goods/services produced
18
A balance sheet is a financial statement that is a snapshot of the health of a business
False
True
19
Revenue expenditure is money used to acquire fixed assets in a business
True
False
20
A building is an intangible asset
True
False
21
GPM
Gross Profit Margin
None of the above
Gross Profit Money
Gross Produced Margin
22
Trademark
Gives inventors the exclusive rights to manufacture and use
Financial security pledged for repayment of specific source
A recognizable symbol, word, phrase design that is official
Resources of value
23
What are the 3 categories of the Balance Sheet?
None of the above
Assets, Loans, Equity
Assets, Liabilities, Equity
Assets, Costs, Equity
24
Contribution per Unit (CPU)
None of the above
Refers to the total expenditure incurred by a business
Financial security pledged for repayment
Difference between the selling price per unit and VC
25
NPM
Net Profit Margin
None of the above
Net Produced Margin
Net Production Margin

IB Business Management Finance Vocabulary Quiz Flashcards | StudBud