Accounting Knowledge
Which financial statement is a report of a company's revenues and expenses during a certain time period?
Income Statement
What are the three most common types of business entities?
Sole Proprietorship, Partnership, Corporation
What financial principle states that a dollar today is worth more than a dollar tomorrow?
Time Value of Money
This NFL team won the Super Bowl in 2024, led by star quarterback Patrick Mahomes.
Kansas City Chiefs
This is the only country that is also a continent.
Australia
What does GAAP stand for?
Generally Accepted Accounting Principles
What does S.M.A.R.T stand for?
Specific, Measurable, Achievable, Relevant, Time-Bound
What does EBITDA stand for?
Earnings Before Interest Taxes Depreciation and Amortization
In 2023, this NBA superstar became the league’s all-time leading scorer, surpassing Kareem Abdul-Jabbar.
LeBron James
This 2024 viral hit by Olivia Rodrigo topped the charts and became the most-streamed song of the year.
Vampire
In what section of the statement of cash flows will depreciation expense appear?
Cash Flows from Operations
What is the term for a person who starts and runs their own business, taking on financial risk?
Entrepreneur
What does "IPO" stand for in the stock market?
Initial Public Offering
Which NFL team relocated to Las Vegas in 2020 and made their first playoff appearance since the move in the 2024 season?
Las Vegas Raiders
This large marine mammal is known for its long tusks and lives in Arctic regions.
Walrus
Under the cash basis of accounting, revenue is recognized when _______.
Cash is Received
What is the basic principle that describes the relationship between supply and demand?
Law of Supply and Demand
What are the two components of capital structure?
Which team won the 2024 NBA Championship, securing their first title since 2010?
Los Angeles Lakers
This dessert, made of eggs, sugar, and cream, is often served with a caramelized top.
Crème Brûlée
What financial ratio measures a company's ability to pay short-term liabilities with its most liquid assets?
Quick Ratio
What are the four functions of management?
Planning, Controlling, Organizing, Leading
What is the statistical measure that quantifies the volatility of risk of an investment compared to the market?
Beta
In 2023, which NBA player recorded a 71-point game, the highest single-game point total since Kobe Bryant's 81-point performance in 2006?
Donovan Mitchell
This 2024 Netflix show follows a group of high schoolers navigating life and mystery in a small coastal town.
Outer Banks