FP2 - Final Exam Review Part 2

FP2 - Final Exam Review Part 2

12th Grade

79 Qs

quiz-placeholder

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FP2 - Final Exam Review Part 2

FP2 - Final Exam Review Part 2

Assessment

Quiz

Business

12th Grade

Hard

Created by

Christine Glasner

Used 1+ times

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79 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Carmella plans to put the qualifications of key managers in her business plan. Which section should she include them in?

Appendices

Management Plan

Executive Summary

Company Description

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agency oversees the entire auditing industry?

Securities and Exchange Commission (SEC)

Financial Accounting Standards Board (FASB)

Association of International Accountants (AIA)

Public Company Accounting Oversight Board (PCAOB)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which section of the business plan will Elena put a copy of her business blueprint?

Appendix

Table of Contents

Executive Summary

Company Description

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What agency was created by the Sarbanes-Oxley Act to audit large publicly traded firms?

Securities and Exchange Commission (SEC)

Financial Accounting Standards Board (FASB)

Association of International Accountants (AIA)

Public Company Accounting Oversight Board (PCAOB)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The "Management Discussion and Analysis" section of the annual report:

provides a ten-year summary of financial figures.

reviews the results of company operations.

explains what the company sells.

includes a letter to shareholders.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document is least likely to be included in the financial plan component of a business plan?

credit history

balance sheet

income statement

cash flow statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which department maintains records of all business expenses?

accounting

communication

marketing

production

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