Unit Five Summative

Unit Five Summative

9th - 12th Grade

25 Qs

quiz-placeholder

Similar activities

QuickBooks Vocabulary

QuickBooks Vocabulary

11th Grade - University

20 Qs

General Business final

General Business final

9th - 12th Grade

20 Qs

BTEC Component 3

BTEC Component 3

10th - 11th Grade

26 Qs

QUIZ 4 : TOPIC 8 [PROCESS COSTING]

QUIZ 4 : TOPIC 8 [PROCESS COSTING]

1st Grade - University

20 Qs

entrep final reviewer

entrep final reviewer

12th Grade

20 Qs

BUSINESS STUDIES CHP 9 (1)

BUSINESS STUDIES CHP 9 (1)

12th Grade

20 Qs

Public Speaking Semester 1 Exam

Public Speaking Semester 1 Exam

9th - 12th Grade

20 Qs

marketing

marketing

9th - 12th Grade

20 Qs

Unit Five Summative

Unit Five Summative

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Dawn Rogers

Used 4+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of keeping the financial records of a business is known as

accounting.
controlling.
financing.
bookkeeping.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The overall purpose of accounting is to

maintain accurate reports.
compile the business’s expenses.
keep track of sales.
control the finances of the business.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A creditor is most likely to examine a business’s financial accounting records if the business is

applying for a bank loan.
selecting a new market.
using cash accounting.
complying with regulations.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following presents the first three steps in the accounting cycle in the correct order:

Post, analyze, and journalize
Analyze, post, and journalize
Analyze, journalize, and post
Post, journalize, and analyze

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following financial reports provides estimates of when, where, and how much money will come into and out of a business next year:

Balance sheet
Cash flow statement
Income statement
Bank statement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finance is the business function that involves managing

information.
money.
marketing.
production.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goals of the finance function are to ensure profitability and

advertise products.
manufacture raw materials.
give out information.
reduce risks.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?