Chapter 12 Quiz Review

Chapter 12 Quiz Review

10th Grade

15 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Accounting

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Unit 2 Exam

Unit 2 Exam

Chapter 12 Quiz Review

Chapter 12 Quiz Review

Assessment

Quiz

Financial Education

10th Grade

Practice Problem

Medium

Created by

Jenell Warren

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most start-up businesses can be opened with a minimum of expenditures.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt


Financial records provide detailed information about the financial activities of a company.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owners' equity is the value of the business after liabilities are subtracted from assets.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt


An income statement usually covers a five-year period.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The income that a business receives over a period of time is called profits.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When expenses are greater than income, a net loss occurs.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt


Financial performance ratios compare a company's financial elements to its competitors.

True

False

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