Business Characteristics - Finance & Accounting

Business Characteristics - Finance & Accounting

12th Grade

5 Qs

quiz-placeholder

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Business Characteristics - Finance & Accounting

Business Characteristics - Finance & Accounting

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

ERIN WELLS BOSS

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5 questions

Show all answers

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