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POBF 6.00 Quiz

Authored by Shamika Archer

Business

9th - 11th Grade

Used 210+ times

POBF 6.00 Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons why businesses need to keep accurate accounting records?

to follow procedures

to control expenses

to eliminate risks

to regulate taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses would not be able to determine if they are meeting their financial goals without accurate:

production plans

marketing plans

accounting systems

distribution systems

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses use the information collected through the accounting process to prepare accurate:

balance sheets

purchase orders

inventory forms

promissory notes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets a company already owns and can use to finance a new venture are called:

accounts payable

dividends

return on capital

equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When businesses invest funds to expand, they are involved in the process of:

selling

depreciation

finance

capitalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The role of finance in business often involves:

monitoring expenses

paying employees

buying supplies

obtaining funds

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