FINAL EXAM TLE - 10

1. Properties owned by the business.

• A. Assets

• B. Liability

• C. Capital

• D. none of the above

2. Obligations of a business.

• A. Assets

• B. Capital

• C. Liability

• D. A & B

3. Owner's equity

• A. Assets

• B. Capital

• C. Liabilities

• D. B & C

4. The proponent prepare a ___ to determine how much capital is needed to set up the enterprise and whether it will be profitable.

• A. financial study

• B. management study

• C. business plan

• D. organizational study

5. Is the amount or value a business firm receives from selling its goods or services.

• A. income

• B. expense

• C. liabilities

• D. None of the above

6. Payment of a business makes to produce income.

• A. expense

• B. income

• C. capital

• D. profit

7. These are the debts of an individual or a business.

• A. proprietorship

• B. income

• C. liabilities

• D. capital

8. It is the amount of which belongs to the owner after subtracting all his/her liabilities.

• A. proprietorship

• B. ownership

• C. profit

• D. liabilities

9. Who is the author of the book " The Human Side of Enterprise"?

• A. Mc Gregor

• B. Frederick Y. Taylor

• C. Prof. William Ouchi

• Theory Z and Y

10. Is the systematic and uses scientific methods of solving business problems.

• A. management

• B. business plan

• C. feasibility study

• D. both A and B