BE Unit 4

Front

Isaac buys wood from a lumber mill to make some park benches. The wood part of his:

Back

inputs.

Front

A change in products will have the most direct impact on a business's:

Back

operations.

Front

Which represents the inflow of funds into a business? Options: Cash, Debt, Expenses, Liabilities

Back

Cash

Front

Isabelle owns a home cleaning business. She invoices her customer and records the transaction as soon as she finishes each home cleaning. Which type of accounting method is Isabelle using?

Back

Accrual

Front

The accounting document that shows a business's revenue and expenses is a/an:

Back

Income Statement

Front

The purpose of having accounting standards is to: create jobs for people, avoid experiencing employee conflicts, create uniformity between financial statements, produce documents that look professional.

Back

create uniformity between financial statements.

Front

Jordan owns a successful landscaping business. Landscaping is an example of a/an:

Back

service.

Front

What part of the operations function is concerned with determining where each machine in the production process needs to go to maximize the efficiency of the space?

Back

routing

Front

The finance activity regarding how to source income is called:

Back

acquiring funds.

Front

Jerome makes laptop computers. The laptops are part of his:

Back

output.