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Quiz 3
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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
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