
IntroBF-Topic 2
Authored by Catherine Chong
Social Studies
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All of the following are advantages for a sole proprietorship, EXCEPT:
he enjoys 100% profits.
sole proprietorship has lower operating cost.
he can make all decisions.
he has to hire auditor to check financial statements prepared by business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This financial statement contains information about assets, liabilities and owner's equity. It is a
Statement of Comprehensive Income.
Statement of Financial Position.
Statement of Changes in Equity.
Statement of Cash Flows.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In an income statement, revenue less cost of goods sold is equal to
gross profit.
operating profit.
net profit.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a statement of cash flows, the purchase of a machinery belongs to __________ activity.
operating
investing
financing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the products belong to money market, EXCEPT:
treasury bills (T-bills).
treasury bonds (T-bonds).
certificate of deposits (CD).
bankers' acceptance (BA).
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The primary function in capital market refers to
enables firm to raise finance by issuing Initial Public Offering (IPO).
buy or sell their investment easily.
7.
OPEN ENDED QUESTION
3 mins • 1 pt
State one information that you learn for today's lesson.
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