Chapter 12 Review: Financial Management

Chapter 12 Review: Financial Management

9th - 12th Grade

45 Qs

quiz-placeholder

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Chapter 12 Review: Financial Management

Chapter 12 Review: Financial Management

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

James Blahnik

Used 10+ times

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If expenses are less than revenue, the business will suffer a loss.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Budgeting is much easier for a new business than for a well-established business.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explaining the budget to people who need financial information to make decisions is the first step of the business budgeting process.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Records of accounts identify all purchases and sales made using credit.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because they are so vital to businesses, financial records are still usually prepared manually using paper documents.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is no point in comparing your financial statements with those of another company.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A payroll is the financial record of employee compensation, deductions, and net pay.

True

False

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