Business Finance Final Exam Review

Front

Which is NOT an example of an asset? Children, Cash, Equipment, Buildings

Back

Children

Front

Which of the following is NOT one of the 4 types of risk? Natural, Political, Human, Economic

Back

Political

Front

Which of the following is owned and operated by one individual? Corporation, Limited Liability Company (LLC), Partnership, Sole proprietorship

Back

Sole proprietorship

Front

Budgeting provides a guide for efficient business decisions.

Back

True

Front

Property acceptable as security for a loan or other obligations is called______.

Back

Collateral

Front

Risk identification requires source analysis and ______ analysis.

Back

Problem

Front

Which of the following forms a Board to act as a governing body and is the most complicated form of business? Options: Corporation, Limited Liability Company ( LLC), Partnership, Sole proprietorship

Back

Corporation

Front

______ covers workers who are injured or become ill due to workplace conditions.

Back

Worker’s Compensation

Front

You should review your risk management every__________

Back

Year

Front

Define credit:

Back

The ability to acquire money, goods, and services, from others without immediate payment.