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4.00 quiz

12th Grade

40 Qs

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Assessment

Quiz

Computers

12th Grade

Practice Problem

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David Brown

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual who has had specialized training in accounting procedures

Accountant
Accounting
Accounting cycle
Accounting standards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of keeping financial records

Accounting
Accounting cycle
Accounting standards
Acquisition of funds

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A process or series of steps that businesses complete to maintain their financial records effectively

Accounting cycle
Accounting standards
Acquisition of funds
Administration of assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial statement that captures the financial condition of the business at that particular moment

Balance sheet
Capital investment decisions
Cash flow statement
Dividends

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders

Capital investment decisions
Cash flow statement
Dividends
Expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial summary with estimates as to when, where, and how much money will flow into and out of a business

Cash flow statement
Dividends
Expenses
Finance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business, the function that involves all money and money management matters

Finance
Financial statement
Income
Income statement

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