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WorksheetsPOBF 6.00 Quiz
Total questions: 6
Worksheet time: 3mins
What is one of the main reasons why businesses need to keep accurate accounting records?
to follow procedures
to control expenses
to eliminate risks
to regulate taxes
Businesses would not be able to determine if they are meeting their financial goals without accurate:
production plans
marketing plans
accounting systems
distribution systems
Businesses use the information collected through the accounting process to prepare accurate:
balance sheets
purchase orders
inventory forms
promissory notes
Assets a company already owns and can use to finance a new venture are called:
accounts payable
dividends
return on capital
equity
When businesses invest funds to expand, they are involved in the process of:
selling
depreciation
finance
capitalism
The role of finance in business often involves:
monitoring expenses
paying employees
buying supplies
obtaining funds
