BM 2 Unit 5 Flashcard

BM 2 Unit 5 Flashcard

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

Sierra, a managerial accountant for Pepsi, develops estimates of how much each department will spend in the upcoming year. What task of managerial accounting is she completing?

Back

budgeting

2.

FLASHCARD QUESTION

Front

For financial information to be comparable, it must also be: current, consistent, digital, private

Back

consistent

3.

FLASHCARD QUESTION

Front

A company looks at financial information and learns that it could save money by switching to a different Internet provider. This is an example of using financial information to:

Back

reduce expenses

4.

FLASHCARD QUESTION

Front

What types of financial information are most useful to businesses?

Back

timely and understandable

5.

FLASHCARD QUESTION

Front

When a business decides to pay a loan off early due to a cash surplus, how is this business using financial information?

Back

to manage debt

6.

FLASHCARD QUESTION

Front

A manager is most likely to use financial information when: deciding if resources are available to fund a new project.

Back

deciding if resources are available to fund a new project.

7.

FLASHCARD QUESTION

Front

Which is a way that businesses can use financial information?

Back

to identify trends

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