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Financial Knowledge Quiz

Authored by Samantha Goss

Other

12th Grade

Financial Knowledge Quiz
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91 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an effective technique to gather client information?

Ignoring client preferences

Using surveys and interviews

Asking only for personal contact details

Making assumptions about client needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document is used to record financial transactions?

Income Statement

Invoice

Balance Sheet

Check Register

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is important when providing customer service in the financial sector?

Avoiding all client questions

Having a clear understanding of the services offered

Focusing only on selling products

Ignoring customer complaints

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In bookkeeping, what does the term "payroll" refer to?

Customer payments

Employee wages and salaries

Business investments

Tax returns

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial statement shows a company’s revenues, expenses, and profits over a specific period?

Customer payments

Employee wages and salaries

Business investments

Tax returns

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial statement shows a company's revenues and expenses?

Income Statement

Cash Flow Statement

Balance Sheet

Statement of Retained Earnings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are audits important in financial management?

To ensure compliance with laws and regulations

To increase revenue

To decrease expenses

To promote marketing

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