Bookkeeping Summative Test

Bookkeeping Summative Test

9th Grade

50 Qs

quiz-placeholder

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Bookkeeping Summative Test

Bookkeeping Summative Test

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Carleen Zapata

Used 15+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an organization that tries for a profit by providing goods and services needed by its customers.

business

accounting

bookkeeping

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are material items such as food, clothing, gadgets, and appliances that are being sold to satisfy human needs.

service

good or products

business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are valuable actions, deeds or efforts performed to satisfy a need or fulfill demand and in return for payment or money.

service

goods or products

business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a business owned by only one person. It is easy to set -up and is the least costly among all forms of ownership.

corporation

partnership

sole proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business organization owned by a group of individuals and is operated for their mutual benefit. The persons making up the group are called members.

corporation

cooperative

partnership

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is a type of business owned by two or more persons who contribute resources to the entity.

cooperative

partnership

sole proprietorship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business organization that has a separate legal personality from its owners. Ownership in a stock corporation is represented by shares of stock.

corporation

partnership

sole proprietorship

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