Business

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Academic Vocabulary

Business

Choose the correct answer for each exercise.

This activity contains 20 questions.

The resources a firm owns are its

net income.liabilities.debts.assets.

An examination made of a company's records to check for accuracy is a/an

franchise.try-out.audition.audit.

CEO stands for

commander entitlement office.chief executive officer.central economics office.None of the answers are correct.

A decrease in the level of prices or an increase in purchasing power due to a reduction in available currency and credit is

equity.inflation.depreciation.deflation.

Inadequate or insufficient funds is a/an

inflation.deficit.equity.deflation.

A distribution of earnings to the stockholders of a company is a/an

deflation.inflation.dividend.audit.

Loss in value due to age, use, or market worth is

appreciation.asset.liability.depreciation.

A person who initiates and assumes the risks of starting a new business is

an equity.a start-up.a monopoly.an entrepreneur.

The remaining value of a business or property once debts and mortgages are subtracted is the

equity.deficit.depreciation.asset.

A twelve-month period of time in which a business operates and spends its funds is the

franchise.fiscal year.gross national product.annual.

An individually owned business that is associated with a chain of stores and operates under the chain's guidelines is a/an

gross income.entrepreneur.franchise.inflation.

GNP stands for

grabbing nationally products.growing nationally produced.gross national product.None of the answers are correct.

The total dollar amount of all goods and services sold during a specific period is the

inflation.productivity.gross income.depreciation.

A general rise in level of prices or a decline in purchasing power due to lessening value of the dollar is

inflation.deflation.depreciation.appreciation.

A firm's debts and financial obligations are

liabilities.monopolies.assets.recessions.

An industry in which there is only one company that sells a product or service is a/an

monopoly.business.asset.dividend.

The profit earned by a company or individual after all expenses have been subtracted from total income is the

productivity.asset.audit.net income.

The average level of output per worker per hour is the

sole proprietorship.entrepreneur.recession.productivity.

Two consecutive three-month periods of decline in a country's GNP is a/an

depreciation.depression.inflation.recession.

A business that is owned and operated by one person is a

franchise.sole proprietorship.corporation.partnership.

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