B.E. Final Review_2023

B.E. Final Review_2023

12th Grade

15 Qs

quiz-placeholder

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B.E. Final Review_2023

B.E. Final Review_2023

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

JESSICA COLLINS

Used 7+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount owed by a business

Assets

Liability

Expense

Revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The theft of funds or property belonging to another individual or entity

Larceny

Robbery

Embezzlement

Account Fraud

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial rights to the assets of a business

Price Signal

Equities

Property rights

Owner's Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in owner's equity resulting from the operation of a business

Expense

Expensive equity

Sale on account

Withdrawal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Based on culture and rituals, and is focused on the economy as a whole. Goods and services are produced in a natural way. What is left over is sold or traded with people

Traditional Economy

Barter & Trade System

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sale for which cash will be received at a later date

Accounting Payable

Sale on account

Revenue

Investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Joe paid $500 for new office supplies. This is an example of a(n)

Account

Transaction

Sale on Account

Revenue

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