S24 - Accounting - Take Home Version

Quiz
•
Other
•
12th Grade
•
Medium
Dean Kuckelman
Used 26+ times
FREE Resource
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of accounting in a business?
Entertainment
Tracking income, expenses, assets, and liabilities
Social media management
Graphic design
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do managers use financial reports using accounting?
To create fictional stories
To track employee attendance
To make informed decisions
To design marketing campaignS
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of understanding basic accounting concepts?
To become a professional athlete
To speak the standard financial language of businesses
To master cooking skills
To excel in computer programming
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can individuals benefit from knowing the basics of accounting and financial statements?
To help decide which companies they want to work for
To help decide which companies they want to invest in
To impress people who are interviewing them for a job
All of these
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the two main financial statements that we learned about in this unit?
Balance sheet
Income statement
Cash flow statement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a recent trend in the accounting profession?
FASB
GAAP
Supercomputers
Cloud computing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main purpose of _____ financial reports is to provide managers and officers with information that helps them make better decisions.
internal
external
revised
superseded
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