Accounting II - Chapter 9 Test Review
Authored by Janna Kohler
Business
9th - 12th Grade
Used 15+ times
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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that buys and resells merchandise primarily to other merchandising businesses.
Wholesale merchandising business
Retail merchandising business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A merchandising business that sells to those who use or consume the goods.
Wholesale merchandising business
Retail merchandising business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of one or more shares of stock.
Stockholder
Board of directors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each unit of ownership in a corporation.
Share of stock
Credit limit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization with the legal rights of a person which many persons or other corporations may own.
Corporation
Proprietorship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The retail price listed in a catalog or on an Internet site.
List price
Trade discount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A reduction in the list price granted to a merchandising business. These discount amounts are not journalized.
Trade discount
Cash discount
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