Accounting: 1-1 What is Accounting and Why it Matters!

Accounting: 1-1 What is Accounting and Why it Matters!

11th Grade

15 Qs

quiz-placeholder

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Accounting: 1-1 What is Accounting and Why it Matters!

Accounting: 1-1 What is Accounting and Why it Matters!

Assessment

Quiz

Business

11th Grade

Medium

Created by

Steve Wills

Used 3+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Warren Buffet, what is accounting?

The language of art

The language of science

The language of music

The language of business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the market capitalization of Netflix at the end of 2021?

$267 billion

$100 million

$500 million

$50 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many employees does Netflix have?

5,000

15,000

20,000

10,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of accounting?

Designing new products

Recording and maintaining financial transactions

Managing customer service

Developing marketing strategies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of providing relevant accounting and financial data and information to the users called?

Customer service

Market research

Data analysis

Financial reporting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the decision management makes based on information about their cost of goods sold?

Pricing

Distribution

Marketing

Production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who relies on timely, accurate, and well-organized financial information from companies like Netflix?

Employees only

Government only

Customers only

Investors and creditors

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