
Glencoe Unit 1 Accounting Test
Authored by Angela Boykin
Business
9th - 12th Grade
Used 4+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ava started a business all by herself. This type of business is known as a(n) _______.
Sole Proprietorship
Partnership
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lily, Henry, and Daniel are running a small business. They are preparing an accounting report. What is the term for the time period covered by their accounting report?
Accounting Period
Financial Accounting
GAAP
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Daniel and Priya decided to start a business together. This type of business is known as a(n) _______.
Sole Proprietorship
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Charlotte started a small business. If she spends more than she receives from her business, she is operating at a
Profit
Loss
Break-even
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) business is concerned with the process of recording and reporting financial information.
Financial Accounting
Managerial Accounting
GAAP
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Olivia has decided to start her own bakery. She is willing to take the risks associated with running a business. What role is Olivia taking on?
Entrepreneur
Manager
Investor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Zoe, Benjamin, and Emma are starting a small business. They need to keep track of their finances for potential investors and banks. This type of accounting, primarily for external users of accounting information, is called:
Financial Accounting
Managerial Accounting
GAAP
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
45 questions
Enterprise and Marketing - Learning Outcome 2: Understand what makes a product or service financially viable
Quiz
•
9th - 11th Grade
43 questions
Quarterly Exam
Quiz
•
12th Grade
46 questions
Stocks and Bonds (B12&13)
Quiz
•
KG - 12th Grade
50 questions
Business Management I Mid Term Review (v.2019)
Quiz
•
9th - 12th Grade
40 questions
UAS GANJIL KELAS X DASAR PEMASARAN
Quiz
•
9th - 12th Grade
50 questions
Business Marketing Exam
Quiz
•
12th Grade
40 questions
CSB Practice Test A
Quiz
•
9th - 12th Grade
40 questions
PBMF Chapter 1
Quiz
•
9th - 11th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Business
13 questions
BizInnovator Startup - Experience and Overview
Quiz
•
9th - 12th Grade
10 questions
Understanding Stock Market Investing
Interactive video
•
9th - 12th Grade
12 questions
Time Management Lesson
Lesson
•
1st - 12th Grade
20 questions
Review for Business Essentials 2.05
Quiz
•
9th - 12th Grade