General
What is profit?
The money a business keeps after paying all expenses
What is international business?
It is all government and private transactions that take place between different countries.
What does "SWOT" stand for?
Strengths, Weaknesses, Opportunities and Threats
What is profit?
The money a business makes after factoring in costs.
What is cash flow?
Cash flow is the total amount of money moving into and out of a business.
What does liability mean in business?
A financial debt or obligation a company owes.
What is inflation?
the rise in the prices of goods and services across an economy over time
What is a credit score?
A three-digit number between 300 and 900 (in Canada) that shows lenders how reliable you are at paying back borrowed money
What is a monopoly?
A monopoly is when a single company is the only seller of a product or service, meaning it has zero competition.
What is revenue?
Revenue is the income generated from normal business operations before expenses are deducted.
What is a franchise?
A business that licenses its brand or model to others (like Tim Hortons)
What are tariffs?
a tax imposed by a national government on goods and services imported from another country
What is collateral?
is an asset (like a house, car, or cash) that a borrower promises to give a lender if they cannot pay back a loan
What does "ROI" stand for?
Return on Investment
What is depreciation?
The decrease in value of an asset over time.
What is a business called when it is owned by two or more people?
A partnership
How many different types of economies exist?
4
List 3 qualities of an entrepreneur
organized, resilient, adaptable, risk takers, inventor, passion, curiosity etc
What is a takeover?
A takeover is when one company successfully takes control of another company.
What are liquidity risks
The danger that a company or individual will not have enough cash to pay their short-term bills on time
What is equity?
Ownership value in a company after subtracting liabilities
Name AT LEAST 5 countries in the EU (European Union)
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia (Czech Republic), Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
What is crowdfunding?
The practice of funding a project or business by raising small amounts of money from a large number of people, usually through the internet.
What is the difference between income tax, sales tax and corporate tax.
Income tax is a percentage taken off a person's income. Sales tax is the tax on goods and services. Corporate tax is tax in company profits.
What is a balance sheet?
A statement that lists out a company's assets, liabilities, and owners equity at a specific point in time