Understanding MYOB Basics

Quiz
•
Social Studies
•
10th Grade
•
Medium

Shaun Hayes
Used 1+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does MYOB stand for?
Manage Your Own Business
Mind Your Own Business
Make Your Own Budget
Monitor Your Own Balance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a primary function of MYOB software?
Graphic Design
Accounting and Bookkeeping
Video Editing
Web Development
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In MYOB, what is the purpose of the 'Accounts List'?
To store customer contact information
To manage employee payroll
To organise and categorise financial accounts
To design marketing materials
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which feature in MYOB helps in tracking the money owed by customers?
Payroll
Inventory
Accounts Receivable
Taxation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of using MYOB for small businesses?
It provides free internet access
It simplifies financial management
It offers unlimited cloud storage
It guarantees increased sales
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which MYOB feature assists in managing employee salaries and wages?
Inventory Management
Payroll
Customer Relationship Management
Tax Reporting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does MYOB help in tax preparation?
By providing legal advice
By automatically calculating GST and BAS
By offering tax audit services
By filing taxes directly with the ATO
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