Final Exam

Final Exam

1st Grade

50 Qs

quiz-placeholder

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Final Exam

Final Exam

Assessment

Quiz

Business

1st Grade

Hard

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TESSIL SOTONIEL

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50 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which approach is preferable for ensuring accountability in a cooperative?

Close supervision with clear expectations and regular check-ins.

Complete autonomy without any oversight.

Ignoring the activities of cooperative members.

Micromanaging every aspect of cooperative operations.

 

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The manage and his staff known as

owners

members

hired management

board of directors

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The ______ posits that a business will continue its operations into the foreseeable future without liquidation or interruption

Depreciation

Accounting

Going Concern Assumption

Member's Equity

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Accounting has been called the

Language of love

Language of Business

Language of Income

Language of Transaction

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In law, there is a doctrine called de minimis non curat lex, which means that the court will not consider trivial matters.

Conservatism

Consistency

Materiality

Minimal

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which leadership approach is most conducive to fostering a positive organizational culture in a cooperative?

Transformational leadership that inspires and motivates.

Laissez-faire leadership with minimal involvement.

Transactional leadership based on rewards and punishments

Authoritarian leadership with a focus on hierarchy.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The word "______" is used to mean a general law or rule adopted or professed as a guide to action.

Process

Figure

Accounting

Principle

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