Quizziz Test Run

Quizziz Test Run

11th Grade

20 Qs

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Quizziz Test Run

Quizziz Test Run

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

Dylan Sundermeier

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the primary focus of the Accounting 1 course described in the document?

Advanced financial analysis

Service business accounting as a sole proprietorship

International accounting standards

Tax accounting for corporations

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which accounting principle is emphasized in the course for preparing and maintaining financial records?

International Financial Reporting Standards (IFRS)

Generally Accepted Accounting Principles (GAAP)

Cash Basis Accounting

Tax Code Compliance

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of defining accounting and related concepts in the course?

To explain the purpose of the accounting system and its relationship to business

To create new accounting standards

To develop software for accounting

To analyze international markets

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How are business transactions analyzed in the course?

Using a spreadsheet

Using a journal

Using a calculator

Using a computer program

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the effect of analyzing business transactions on the accounting equation?

It remains unchanged

It is described and analyzed

It is ignored

It is simplified

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is evaluated using financial statements and worksheets in the course?

Changes in a fiscal period

Marketing trends

Employee performance

Customer satisfaction

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What types of transactions are analyzed and recorded in the course?

International transactions

Adjusting, closing, and correcting entries

Marketing transactions

Employee transactions

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