Principles of B.M.F 1

Which of the following is not a business activity?

• Operational activities

• investing activities

• resource activities

• financial activities

The goal of a business is to earn money by making a ____________.

Which of the business activities make up the majority of daily activities conducted by a business?

• Resource activities

• Operational activities

• financial activities

• investing activities

Investing activities refer to investments a ___________ makes.

The financial gain calculated by the difference between amount earned and amount spent by a business.

• networth

• deposit

• profit

• sales

Net worth refers to a total value of a business determined by its __________ minus liabilities.

Check all that are correct.

What 3 categories are economic resources divided in to?

• land

• capital

• wages

• labor

• profit

This refers to the level of wealth, material goods, and necessities considered to be essential to an individual or group in a particular geographic area.

• net worth

• profit

• standard of living

• rich resources

Day to day activities performed as a result of the structure and processes selected by the organization.

• Operational activities

• investment activities

• financial activities

A profit-seeking activity that is intermittent or occasional in frequency including the production or collection of income or the management, conservation, or maintenance of property held for the production of income.

• Operational activities

• Financial activities

• Investment activities