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15
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What is a credit crunch?
credit squeeze
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15
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rent, electricity bills, administrative costs are all examples of o...........................
overheads
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20
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Difference between tangible vs intangible assets
physical vs non exsisting
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15
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What does it mean to default on a loan
not to pay
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15
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What is a bear market?
Shares fall down - opposite of bull market
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20
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Main difference between a balance sheet and profit and loss account?
Balamce sheet (snapshot) Profit and Loss (specific period of time)
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eraser
Reset score!
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gift
Win 15 points!
Okay!
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fairy
Take points!
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25
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baam
Lose 20 points!
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boom
Lose 50 points!
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rocket
Go to first place!
Okay!
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shark
Other team loses 25 points!
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thief
Give points!
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20
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In 2008 banks had to bailout by goverments.What does bailout mean?
To provide financial help so that the business does not go to the wall
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trap
No points!
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gift
Win 10 points!
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shark
Other team loses 20 points!
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banana
Go to last place!
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15
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What does cryptomining mean?
Process of validating a cryptocurrency transaction(blockchain)
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15
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What does depreciation mean?
Reduction in the value of an asset over a period of time
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15
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What does cash advance mean?
Money taken before carrying out the service
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baam
Lose 20 points!
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star
Double points!
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rocket
Go to first place!
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banana
Go to last place!
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15
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What do sharehoder get when the company makes a profit?
Dividend
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15
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Explain the difference between pay off and pay back a loan
Completed vs in progres
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