Search Header Logo

Business Activities #1

Authored by Richard H

Professional Development

6th - 8th Grade

Used 2+ times

Business Activities #1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______is a financial statement that reports a business's assets, liabilities, and capital on a specific date.

Balance Sheet
Income Statement
Statement of Cash Flows
None of the Above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______are anything of value owned, such as cash and buildings.

Liabilities
Assets
Income Statement
None of the Above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____are claims against assets, (debts)

capital
assets
liabilities
none of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

________is the movement of cash into and out of a business.

Cash Flow
Balance Sheet
Income Statement
Tim Hall for President

5.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

The Income Statement lists a businesses:

Assets and Expenses
Owner's Equity and Revenue
Revenue, cost of goods and Expenses
Expenses and Net Assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

An expense is...

money a business spends on the general operation of business
money the business owes to other organisations and people
money Owed to the Business
None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Net Profit is:

Assets less Liabilities
Gross Profit less Expenses
Revenue less Liabilities
Liabilities less Assets

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?