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WorksheetsCHAPTER 2 BUSINESS MANAGEMENT & ACCOUNTING BASIC
Total questions: 10
Worksheet time: 5mins
Identify the following characteristics of management in business which is
NOT TRUE.
It is a process or series of continuing and related activities.
It involves and concentrates on reaching organizational goals.
It reaches these goals by working with and through people and other
organizational resources
It includes every form of trade, commerce, craftsmanship, occupation,
profession or other activities that is carried out
Have a right granted to an individual or group to market a company's goods or services within a certain territory or location.
Identify the right term based on this statement.
Franchise
Partnership
Public Limited
Sole proprietorship
Ahmad has an idea for a new business. He wants to start the business as soon as possible with the minimum amount of expenses. He also wants to be the boss and keeps all of the expected profits earn for him.
Identify the type of business ownership that Ahmad would prefer to set up
Sole proprietorship
Partnership
Private limited
Public limited
AgroBank
Majlis Amanah Rakyat (MARA)
Amanah Ikhtiar Malaysia (AIM)
Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN NASIONAL)
Identify the service offered by the institutions.
Provide funding to start a business or implement a business
Assist in reducing the problem of retail space and industrial sites in the area of strategic and viable
To increase the technical knowledge available among the entrepreneurs to attend the education provided.
Assistance in the form of information relating to business opportunities, statistics, new discoveries, research.
Choose the following terms that is NOT fixed assets.
Vehicles
Leasehold
Debtors
Office equipment
Maryam have to prepare a Balance Sheet of her own company. Select the term that is NOT included in Balance Sheet.
Non-current assets
Expenses
Owner’s equity
Current liabilities
Identify the right activities involved in Cash Flow Statement.
i. Financing Activities
ii. Operating Activities
iii. Cash Balance Activities
iv. Investing Activities
i,ii and iii
i,ii and iv
ii,iii and iv
i,iii and iv
Choose the various ways to start a business.
i. Buying an existing business
ii. Running a franchise
iii. Inheriting a family business
iv. Establishing a new business
i and ii
ii and iii
i, ii and iii
i, ii and iv
Financial Year of Nini Business expires June 30, 2018.
Select the correct title for this income statement.
Income Statement on July 1, 2017
The income statement ends June 30, 2018
Income Statement for the year ended July 1, 2017
Income Statement for the year ended June 30, 2018
Select the financial statement that displays the revenues and expenses of a company for a period of time.
Balance sheet
Income statement
Cash flow statement
Statement of stockholder’s equity
