FABM2: SCE Quiz

FABM2: SCE Quiz

12th Grade

15 Qs

quiz-placeholder

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FABM2: SCE Quiz

FABM2: SCE Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Gwendy Lou Rosauro

Used 54+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following pertains to a business entity concept?

Transactions of a business (as a separate entity) must be distinguished with transactions of the owners.

Transactions of the business (as a separate entity) must be merged with the transactions of the owners.

Revenues are recorded when it is earned.

Revenues are recorded when the corresponding cash has been received.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a major type of business organization?

Sole Proprietorship

Partnership

Corporation

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many is considered owner(s) of a sole proprietorship?

One

Two to Five

Five to Fifteen

Fifteen or more

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many is/are considered owner(s) in a partnership?

One

Two to Five

Five to Fifteen

Fifteen or more

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are owners of a sole proprietorship called?

Sole proprietors

Partners

Shareholders

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are owners of a partnership called?

Sole proprietors

Partners

Shareholders

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are owners of a corporation called?

Sole proprietors

Partners

Shareholders

None of the above

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