Business Essentials Unit 4 Review

The accounting document that shows a business’s revenue and expenses is a/an:

• balance sheet.

• income statement.

• cash flow statement.

• statement of owner’s equity.

Kathy wants to know whether her boutique made or lost money this month. The financial document she should view is her:

• balance sheet.

• income statement.

• cash flow statement.

• statement of owner’s equity.

Jordan owns a successful landscaping business. Landscaping is an example of a/an:

• input.

• inventory.

• output.

• service.

The finance activity regarding how to source income is called:

• accounting

• acquiring funds

• administering assets

• making capital investment decisions.

Connor is working on a billboard to showcase his new service. What part of the marketing mix is he working on?

• place

• price

• product

• promotion

Isabelle owns a home cleaning business. She invoices her customer and records the transaction as soon as she finishes each home cleaning. Which type of accounting method is Isabelle using?

Jerome makes laptop computers. The laptops are part of his:

• input.

• output.

• parts.

• resources.

Cliff wants to know how much money his business made this year. He wants to know his business’s:

• margin.

• cash flow.

• end result.

• bottom line.

Beth wants to hire a disc jockey for her son’s graduation party. Deanna offers her a promotional package that includes three hours of music, special effect lighting, and a video. Deanna is marketing:

• goods.

• ideas.

• places.

• services.

The Happy Toys Company Board of Directors has decided to give some of its profits from the year to its shareholders. It has decided to pay a:

• dividend

• loan

• salary

• tax