business mid year quiz
Authored by Ally S
Business
8th Grade
Used 6+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what are assets? (mem)
assets are what business owes to to parties outside the business
assets are what business owns
asset Is the amount invested but the owner in the business
asset is what the business owes to the owner
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
what are assets? (no period, but full sentence)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is a non-current asset? (mem)
assets which can be easily converted to cash or used within 1 year
assets bought for use in the business for more than 1 year
4.
OPEN ENDED QUESTION
3 mins • 1 pt
what is a non-current asset?
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Answer explanation
answer: these are the assets bought for use in the business for more than 1 year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is current asset? (mem)
assets bought for use in the business for more than 1 year
assets which can be easily converted to cash or used with 1 year
6.
OPEN ENDED QUESTION
3 mins • 1 pt
what are current assets?
Evaluate responses using AI:
OFF
Answer explanation
answer: these are the assets which can be easily converted to cash or used within 1 year
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
what are liabilities? (mem)
they are what business owns
they are what business owes to parties(people) outside the business
the amount invested by the owner in the business
what the business owes to the owner
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