Chapter 1 Quiz

Chapter 1 Quiz

11th Grade

34 Qs

quiz-placeholder

Similar activities

Economic Test

Economic Test

9th - 12th Grade

29 Qs

Business Essentials Module 4

Business Essentials Module 4

9th - 12th Grade

30 Qs

TestOut Chapter 1 (minus section 1.4)

TestOut Chapter 1 (minus section 1.4)

9th - 12th Grade

36 Qs

Modificari bilantiere

Modificari bilantiere

10th Grade - University

31 Qs

Chapter 3 Review

Chapter 3 Review

9th - 12th Grade

29 Qs

VCE BM- U1- AOS3-CHAP 7 & 9 REVISION

VCE BM- U1- AOS3-CHAP 7 & 9 REVISION

11th - 12th Grade

29 Qs

Nat5 Understanding Business Revision

Nat5 Understanding Business Revision

11th Grade

39 Qs

Term 2 Revision

Term 2 Revision

11th Grade

29 Qs

Chapter 1 Quiz

Chapter 1 Quiz

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Jessi Christensen

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...

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is an information and measurement system that identifies, records, and communicates an organization's business activities.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting includes the analysis and interpretation of information.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fraud triangle shows that three factors that push a person to commit fraud are opportunity, pressure, and rationalization.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership is a business owned by two or more people.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The balance sheet shows a company's net income or loss over a period of time.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business entity assumption means that accounting information presumes that the business will continue operating instead of being closed or sold.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenues should not be recognized in the accounting records when earned, but rather when cash is received.

True

False

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?