
Business Characteristics - Finance & Accounting
Authored by ERIN WELLS BOSS
Business
12th Grade
5 Questions

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the segment, why is the Finance and Accounting department important to a business?
Controls hiring decisions
Businesses cannot exist without cash flow
Focuses on the worth of the company
Controls the Human Resources department
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items of value owned by a business are known as which of the following?
Assets
Liabilities
Owner's equity
Bonds
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following is the accounting classification of debts or obligations of a business?
Assets
Liabilities
Owner's equity
Bonds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a responsibility of the Finance department?
Managing the use of company funds
Obtaining needed funds
Creating a financial plan
Establishing external relations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a source of funding?
Borrowing funds
Selling stocks
Investors
Decreasing owner contributions
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