Fundamentals of ABM 2 (Quiz 2)
Authored by Kevin Joseph Sumba
Business
12th Grade
Used 25+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All are forms of Organization except for one
Corporation
Partnership
Sole Proprietorship
Manufacturing
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An entity whose assets, liabilities, income and expenses are centered or owned by itself being a legally separate entity from its owners.
Corporation
Partnership
Sole Proprietorship
Manufacturing
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Increases to owner’s equity by adding investments by the owner
Initial Investments
Withdrawals
Income
Additional Investments
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The very first investment of the owner to the company
Initial Investments
Withdrawals
Income
Additional Investments
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which form of business organization puts the least risk on its owners?
Corporation
Partnership
Sole Proprietorship
Manufacturing
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Decreases to owner’s equity apart from net effect of revenues and expenses
Income
Profit
Loss
Investments
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Increases in owner’s equity without additional investment
Income
Profit
Loss
Investments
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