Business Transaction: Definition, Types & Analysis


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question 1 of 3

What is a simple transaction?

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1. What is a complex transaction?

2. What is an ongoing transaction?

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About This Quiz & Worksheet

This quiz/worksheet combo helps you gauge your understanding of how businesses make money. In order to pass the quiz, you will need to be able to identify the different types of business transactions that companies use.

Quiz & Worksheet Goals

This quiz and worksheet can help you review the following transactions:

  • Ongoing transaction
  • Complex transaction
  • Simple transaction

Skills Practiced

You can use this worksheet and quiz to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on business transactions
  • Information recall - access the knowledge you have gained regarding characteristics of complex transactions
  • Knowledge application - use your knowledge to answer questions about simple transactions

Additional Learning

To learn more about business transactions, check out the lesson called Business Transaction: Definition, Types & Analysis. This lesson covers the following objectives:

  • Determine what a business transaction is
  • Compare and contrast simple transactions and complex transactions
  • Understand what ongoing transactions involve