
BMF II Unit 18 Budgets and Forecasting in Finance
Business
10th - 12th Grade

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38 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fiscal period consists of ...
12 months
2 months
12 years
24 months
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bank's balance sheet lists ...
assets and liabilities
assets and profits
profits and liabilities
assets and credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget is/does NOT
A primary method of communication
Promotes efficiency
A means to always a profitable company
Control device
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for the budget?
Accountants
Shareholders
Investors
Management
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business's liabilities total $87,420. Its assets amount to $105,390. What is the value of the owner's equity?
$12,056
$17,970
$69,450
$82,949
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way that businesses can use financial information:
To identify trends
To select selling strategies
To conduct focus groups
To create an economic system
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things a business Owes
Assets
Liabilities
Owner's equity
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