FDM Quiz 1

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.

• Management

• Finance

• Accounting

• Procurement

The individuals who offer financial leverage to various organisations through loans are known as?

• Bank Managers

• Creditors

• Lenders

• Cashiers

In accounting the suppliers can be referred to us as?

• Partners

• Debtors

• Creditors

• Lenders

The act of recording, planning and using Financial data to control the operations of the organisation by managers regarding the company's future is known as?

• Financial Accounting

• Cost Accounting

• Predicting Accounting

• Management accounting

Anyone who has interests in the operations of an organisation is known as?

• Shareholder

• Stakeholder

• Business owner

• Customers

An individual who may enter into business alone, either selling goods or providing a service is Known as?

• Sales person

• Sole trader

• Agent

• Merchant

The Limited liability partnership might not lose its personal assets in the process of debt?

• True

• False

The Limited liability companies are not required by law to publish financial statements?

• False

• True

The Limited Liabilities company which has more than 200 shareholders is known as?

• Private Limited company

• Public limited company

• Partnership

• General partnership

The owners of the limited liability company is different from the people running them?

• True

• False