Miscellaneous Quiz / Business Terms

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Can you name the words from Unit 5 by their definitions?

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DefinitionWord
A file or account that contains money that a person or company owes to suppliers, but has not paid yet (a form of debt).
A creditor's accounts of money owed to him; normally arise from the sale of products or services.
Anything of material value or usefulness that is owned by a person or company.
A summary of a person's or organization's assets, liabilities and equity as of a specific date.
The point at which cost or expenses and revenue are equal.
Financial records of receipts and expenditures during a specific period.
A form of intellectual property that gives the author of an original work exclusive right for a certain time period.
The total cost of buying raw materials and paying for all the factors that go into producing finished goods.
Liquid assets; Assets in the form of cash (or easily convertible into cash).
Liabilities expected to be paid off within a year.
Current assets divided by current liabilities.
A spending or consuming (what the business spends).
The capital property of an organization or business, non-trading business assets.
Payments that do not vary from month to month.
The value of a business entity not directly attributable to its tangible assets and liabilities.
The net sales minus the cost of goods and services sold.
Income (at invoice values) received for goods and services over some given period of time.
A financial statement that gives operating results for a specific period.
A tax levied on the income of individuals or businesses.
Assets that are sell-able though not material or physical.
DefinitionWord
The merchandise that a shop has on hand.
An amount of money in a company that is owed to someone and has to be paid in the future.
Liabilities with a future benefit over one year, such as notes payable that mature longer than one year.
The percentage or proportion of the total available market or market segment that is being serviced by a company.
The transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money.
Equal to the income that a firm has after subtracting costs and expenses from the total revenue.
The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.
The total assets minus total outside liabilities of an individual or a company.
Written promises to pay stated sums of money at future dates, classified as current (if due within 12 months) or non-current (if due after 12 months) of the balance sheet date.
A set of exclusive rights granted by a state (national government) to an inventor or their assignee for a limited period of time in exchange for a public disclosure of an invention
The process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization.
A plan for repaying missed payments over time.
The current liability account which reports the amount of salaries earned by a company's employees, but which have not yet been paid by the company.
A prediction based on past sales performance and an analysis of expected market conditions.
Minimum sales volume goal established by the seller.
Calculated by dividing the company's market cap by the company's revenue in the most recent fiscal year (or the most recent four fiscal quarters); or, equivalently, divide the per-
General purpose consumable items which commonly have a shorter life span in use than equipment and machines, and which are stocked for recurring use.
A financial charge or other levy.
A distinctive sign or indicator used by an individual, business organization, or other legal entity to identify that the products or services to consumers with which the trademark
A cost that changes significantly from period to period.

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