Q.1
Property owned by a person or company, regarded as having value is an __________
  • asset
  • liability
  • net worth
  • pizza
Q.2
What is a Liability ?
  • anything you own that has value
  • debts you owe
  • something you borrow
Q.3
Bills and Loans are examples of ________?
  • Assets
  • Liabilities
  • Net worth
  • Pickles
Q.4
Which are examples of expenses?
  • Rent/Mortgage
  • Car Insurance
  • Credit Card debt
  • All of above
Q.5
A thing for which someone is responsible, especially a debt or financial obligation is a _____.
  • asset
  • liability
  • net worth
  • bacon
Q.6
What is another word for Wealth?
  • Rich
  • Net Worth
  • Wealthy
Q.7
Asset-Liabilities=
  • Net Worth/Wealth
  • Cash Flow
  • Income
  • Expenses
Q.8
How do you build wealth
  • Manage your asset and liabilities
  • Managing your expenses
Q.9
What is cash flow?
  • The Route of Funds
  • Money that comes and goes
  • Money that goes from business to business
  • All of above
Q.10
Why is the cash flow important?
  • To know the available cash you have
  • To know if the business/individual is being efficient with its cash
  • To avoid negative balances
  • All are correct
0 h : 0 m : 1 s