EMS Grade 7

EMS Grade 7

7th - 9th Grade

18 Qs

quiz-placeholder

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EMS Grade 7

EMS Grade 7

Assessment

Quiz

Business

7th - 9th Grade

Hard

Created by

ADERO ABEUD

Used 176+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following fall under current assets

Cash

bank overdraft

buildings

motor-vehicles

Debtors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the business expenses are more than its income.

expenses

Loss

income

revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan that ensures income is spent wisely.

Plan

budget

diary

schedule

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of buying or selling.

marketing

transaction

business

dealing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money kept aside for future use.

Budget

investment

savings

bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items owed by the business.

LIABILITIES

Assets

Revenue

expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

items owned by the business

liabilities

property

assets

resources

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