Unit 4 Flashcard

Unit 4 Flashcard

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

14 questions

Show all answers

1.

FLASHCARD QUESTION

Front

The process of keeping the financial records of a business is known as

Back

accounting.

2.

FLASHCARD QUESTION

Front

What accounting record would summarize a business’s profit or loss for a previous year?

Back

Income statement

3.

FLASHCARD QUESTION

Front

Which financial report provides estimates of when, where, and how much money will come into and out of a business next year? Options: Balance sheet, Cash flow statement, Income statement, Bank statement

Back

Cash flow statement

4.

FLASHCARD QUESTION

Front

Why are accurate accounting records important to a business?

Back

They show how the business is doing.

5.

FLASHCARD QUESTION

Front

Finance is the business function that involves managing

Back

money.

6.

FLASHCARD QUESTION

Front

Which of the following is a capital investment decision: How to manage cash flow, How to handle accounts payable, How to manage inventory, How to finance investments?

Back

How to finance investments

7.

FLASHCARD QUESTION

Front

The operations function consists mainly of activities that are performed on a __________ basis.

Back

daily

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?