Vocabulary 2

Question 1

What you get when sales are higher than production costs?

Answer 1

Profit

Question 2

A document that shows you’ve paid for something

Answer 2

Receipt

Question 3

The money you get back when you’re not satisfied with a product

Answer 3

Refund

Question 4

Everything a company or person owns that is worth money

Answer 4

Assets

Question 5

The money needed to start a business

Answer 5

Capital

Question 6

The people who buy products and services

Answer 6

Consumers

Question 7

A reduction in price

Answer 7

Discount

Question 8

Money spent on goods or services

Answer 8

Expenditure

Question 9

The money a bank charges for a loan

Answer 9

Interest

Question 10

A bill listing the products delivered

Answer 10

Invoice

Question 11

Money borrowed from a person or bank

Answer 11

Loan

Question 12

The result when costs are higher than total sales

Answer 12

Loss

Question 13

A business that sells goods to the general public

Answer 13

Retail

Question 14

The money that you earn monthly form your job

Answer 14

Salary

Question 15

A person who has bought parts of shares of a company

Answer 15

Shareholder

Question 16

Money that people or companies have to pay to their government

Answer 16

Taxes

Question 17

The total sales of a company

Answer 17

Turnover

Question 18

A business that sells goods in large quantities to retail stores

Answer 18

Wholesale

Question 19

The money a country uses

Answer 19

Currency

Question 20

Money that a company owes

Answer 20

Liability’s