
Ch. 17/18 Review
Authored by Madison Moore
Business
8th Grade
Used 11+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial management is a process used to manage the financial resources of a business.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounting cycle is a sequence of steps businesses follow to record, summarize, and report financial information.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recording the debit and credit parts of a transaction is called _________.
generally accepted accounting principles
account analysis
double-entry accounting
financial planning
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _________ reports how cash moves into and out of a business.
financial ratios
cash flow statement
balance sheet
payroll register
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the accounting equation?
net income/sales=net profit ratio
current assets - current liabilities = working capital
total liabilities/total assets =debt ratio
assets = liabilities + owner's equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of setting financial goals and developing plans to reach them is known as __________.
management
accounting
marketing
financial planning
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A short-term debt that must be paid within one year is called __________.
current asset
asset
current liability
long term liability
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