BUSN 212 - Ch1

BUSN 212 - Ch1

University

41 Qs

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BUSN 212 - Ch1

BUSN 212 - Ch1

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Nada Almutairi

Used 6+ times

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41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ is an information system that measures, processes, and communicates financial information.

management

accounting

business

financial

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is NOT a link between business activities and decision makers

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management must have a good understanding of accounting to set financial goals and make financial decisions.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management must only understand how accounting information is compiled and processed but also realize that accounting information is imperfect and should be interpreted with caution.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ is an economic unit that aims to sell goods and services to customers at prices that will provide an adequate return to its owners.

Liquidity

Accounting

business

Owner

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the goals of business .

Financing

Investing

Liquidity

Profitability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the Profitability ?

having enough cash to pay debts as they come due

spending the capital a company receives in productive ways that help it achieve its objectives

earning a sufficient return to maintain owner interest

none

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