Quiz: A Business Major Will Know The Meaning Of All These Words. Do You?

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Are you business savvy?

If you were a business major or even run one, take this quiz to see how many business terms you really know!

 Dec 02, 2018

1 of 18Choose Your Answer:

A companies assets include:
The company's interest
The companies economic resources such as inventory and furniture
The companies net profit

2 of 18Choose Your Answer:

What is the number used by banks and other financial institutions to measure a borrower's creditworthiness called?
FIDO score
FICO score
DIDO score

3 of 18Choose Your Answer:

Liabilities can be referred to as __.
Any debt accrued by the business
Any income accrued by the business

4 of 18Choose Your Answer:

The increase in the value of an asset or investment above its original purchase price is called:
Capital gains
FICO gains
Capital wins

5 of 18Choose Your Answer:

The process of buying or selling investments over time in order to maintain your desired asset allocation is called:

6 of 18Choose Your Answer:

"Profits" can also be called ___.

7 of 18Choose Your Answer:

A marked decline in the prices of goods and service is called:

8 of 18Choose Your Answer:

Your salary before any taxes, insurance payments, or any other deductions is your:
Net income
Gross income
Whole income

9 of 18Choose Your Answer:

Reducing the number of employees at a company, sometimes by offering early retirement is known as:

10 of 18Choose Your Answer:

The social security, Medicare, and income tax withheld each payday by your by your employer is called what?
Withholding tax
Estate tax
Inheritance tax

11 of 18Choose Your Answer:

A contribution plan offered by employers, that allows employees to have a certain percentage of their salary deducted and invested in the plan is called:

12 of 18Choose Your Answer:

What is the rate banks charge their very best customers known as?
VIP Interest Rate
Prime Interest Rate
Stellar Interest Rate

13 of 18Choose Your Answer:

"Bottom Line" is:
When a business is about to declare bankruptcy
The total amount a business has earned or lost at the end of the month
When a business acquires a new customer

14 of 18Choose Your Answer:

A rise on the cost of goods and services with a corresponding decrease in the value of money is called:

15 of 18Choose Your Answer:

What is a business's obligations to pay debts owed to lenders, suppliers, and creditors called?
Accounts Receivable
Accounts Payable

16 of 18Choose Your Answer:

The overall wealth of a business as demonstrated by its cash accounts, assets, and investments is called:

17 of 18Choose Your Answer:

A legal obligation to repay or otherwise settle a debt is called a(n):
Balloon Loan

18 of 18Choose Your Answer:

A ___ occurs when a company is being investigated due to suspicious activity.
Asset turnover ration
WOMEN.COM | Quiz Facts

Do you have a head for business or do are you thinking of one day running your own business? Do you know how to do your own banking? Can you balance your own books? Do you know how to pay your vendors or pay your own employees? Do you know what to do when you need to open a business account or get a line of credit? Do you know what a 401k is? If you said "yes" to any of those questions, then see how well you do on this fun but challenging quiz! You should know what it takes to be in business and that means learning terms that have to with your finances!

There's a lot know in regard to running a business—from hiring personnel to location and marking to accounting and everything else in between! As a business owner, at least initially anyway, you'll be doing a little bit of everything, so it will benefit you to know the terms on this quiz! Are you ready? Sit back, relax and sharpen your mind—this quiz isn't business as usual!

Visit women.com/quizzes to check out some of our other viral content. We have quizzes for every subject you can think of—from history to music and movies to pets, our quizzes are tailor-made to your passions! Our goal at women.com is to make people feel good about who they are. So, take that necessary break from the world outside to do something that they enjoy. This three-minute escape is exactly what you need. Good luck!