WorksheetsQUIZBEE: WAR OF WITS (EASY ROUND)
Total questions: 20
Worksheet time: 3mins
1. ASSETS =
Liabilities - Owner’s Equity
Liabilities + Owner’s Equity
Liabilities + Equity + Income - Expenses
Liabilities + Revenue + Income
2. The proper application of accounting principles is most dependent upon the
Management
Accountant
Auditor
Chief Executive Officer
3. If P: x = 3 , what is ~P ?
X is equal to 3
X is not equal to 3
X is less than or equal to 3
X is greater than or equal to 3
4. This type of business organization is created by a contractual agreement between two or more individuals.
Partnership
Corporation
Cooperative
Sole Proprietorship
5. These report the historical performance of a company and provide a basis for assessing the firm’s achievements.
Balance Sheet
Statement of Financial Position
Income Statement
Financial Statements
6. Cost accounting concepts include
planning, controlling and sharing
controlling, costing and sharing
planning, controlling, sharing and decision-making
planning, controlling and costing
7. Marketing is no longer about stuff that you make, but about the stories you tell.
Seth Godin
Steve Jobs
Jonathan Mildenhall
None of them
8. Which country shuts down Bitcoin mining operations within its borders?
Spain
Turkey
Venezuela
China
9. When is the next general election in the Philippines?
May 8, 2022
May 9, 2022
May 10, 2022
April 9, 2022
10. What is the official name of the Philippines in English and Filipino languages?
Republic of the Philippines, Republika ng Pilipinas
Federation of the Philippines, Republika ng Pilipinas
Republic of the Philippines, Republika ng mga Isla ng Pilipinas
People's Republic of the Philippines, Republika ng Pilipinas
11. Which logical operator precedes a proposition with the word “not”?
Negation
Conjunction
Contradiction
Biconditional
12. What year was the American basketball association founded?
1966
1976
1977
1967
13. Which of Shakespeare’s plays is the longest?
Hamlet
Susanna
Judith
Joan
14. Which of the following numbers gives 240 when added to its own square?
18
16
15
20
15. What is the most popular search engine in China?
Bing
Baidu
Youdao
16. Ignorantia juris non excusat means
No demand, no delay.
The law is harsh, but that is the law.
Ignorance of the law excuses no one.
Void from the beginning.
17. Dura lex sed lex means
Void from the beginning.
No demand, no delay.
The law is harsh, but that is the law.
Ignorance of the law excuses no one.
18. These are kinds of negligence according to source of obligation except:
Culpa Contractual
Culpa Aquiliana
Culpa Gestio
Culpa Criminal
19. Law is considered a posit command imposing a duty to obey and involving a sanction which forces obedience;
It is obligatory
It is rule of conduct
It is of common observance and benefits
It is promulgated by legitimate authority
20. It represents sales less total cost of sales.
Operating Expenses
Earnings before interest and tax
Gross Profit
Income Tax
