Financial Literacy

Financial Literacy

12th Grade

18 Qs

quiz-placeholder

Similar activities

CERT: Unit 1 Review

CERT: Unit 1 Review

10th Grade - University

21 Qs

DeBakey HSHP Integrity Month |Module 1: Intro

DeBakey HSHP Integrity Month |Module 1: Intro

9th - 12th Grade

18 Qs

QUIZ 1 : TOPIC 3 [COSTS BEHAVIOUR]

QUIZ 1 : TOPIC 3 [COSTS BEHAVIOUR]

1st Grade - University

20 Qs

REVISION 3 : TOPIC 3, 4, 5 & 7

REVISION 3 : TOPIC 3, 4, 5 & 7

1st Grade - University

20 Qs

Renewable Energy - TED-Ed

Renewable Energy - TED-Ed

10th Grade - Professional Development

20 Qs

QUIZ 1 : TOPIC 11 [INCOMPLETE RECORDS AND SINGLE ENTRY]

QUIZ 1 : TOPIC 11 [INCOMPLETE RECORDS AND SINGLE ENTRY]

1st Grade - University

15 Qs

REVISION 1 : TOPIC 7,8&9[AR,INVENTORIES & NCA]

REVISION 1 : TOPIC 7,8&9[AR,INVENTORIES & NCA]

1st Grade - University

20 Qs

Financial Literacy

Financial Literacy

Assessment

Quiz

Professional Development

12th Grade

Practice Problem

Medium

Created by

JTM Malik

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of inventory?

Office supplies

Land owned by the company

Cash in the bank

Unsold products

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does a liability represent in accounting?

Money owed to suppliers

Cash on hand

Revenue earned

Inventory on hand

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Administrative costs cover expenses related to:

Labor costs for manufacturing

Public relations

Maintenance and repairs on production equipment

Materials used in the final product

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Petty cash is typically used for:

Long-term investments

Small expenses

Paying loans

Purchasing inventory

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a fixed cost?

Rent expense

Cost of raw materials

Sales commission

Packaging costs

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Overhead costs associated with selling and administrative functions include:

Direct materials

Property taxes

Executive office expenses

Maintenance and repairs on production equipment

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Direct labor costs are associated with:

Selling and administrative functions

Manufacturing of a product

Marketing activities

Executive office functions

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?