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AgBusiness Module 6 Study Guide

Authored by Tish Parker

Business

11th Grade

Used 12+ times

AgBusiness Module 6 Study Guide
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of a business is to increase liabilities over time. True or False?

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered a current liability?

an unpaid bill at the feed store

mortgage on land

a 5 year loan to buy cattle

three year loan for a truck

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets are things that are

owe money to the bank for

have a monthly payment for

invested in

owned

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A liability is

something you plan to sell

a loan or debt

something you plan to buy

another name for equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets, liabilities and equity are organized into a _______________.

cash flow statement

balance sheet

enterprise budget

whole budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of a business is to increase net worth over time.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business whose asset value is greater than the value of all liabilities is solvent.

True

False

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