WorksheetsBusiness Activities Unit 1 7th-Grade Key Terms Pre-test
Total questions: 20
Worksheet time: 10mins
Please select the most appropriate definition from the choices below for the term: Auditor
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
Worker who handles Bank deposits and withdrawals, sales travelers checks and foreign currency, accept loan payments, prepares certified checks or money orders and etc.
Accountants who meet specific educational requirements and pass a national examination.
Top professional who may have final responsibility for one of many aspects of a business's financial activity.
Please select the most appropriate definition from the choices below for the term: Accountant
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
Worker who handles Bank deposits and withdrawals, sales travelers checks and foreign currency, accept loan payments, prepares certified checks or money orders and etc.
A professional who produces and examines financial records, prepares financial reports and tax returns, and may give budget, tax, or investment advice to the customer or company.
Top professional who may have final responsibility for one of many aspects of a business's financial activity.
Please select the most appropriate definition from the choices below for the term: Certified Public Accountant (CPA).
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
Worker who handles Bank deposits and withdrawals, sales travelers checks and foreign currency, accept loan payments, prepares certified checks or money orders and etc.
Accountants who meet specific educational requirements and pass a national examination.
Top professional who may have final responsibility for one of many aspects of a business's financial activity.
Please select the most appropriate definition from the choices below for the term: Financial Manager
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
Worker who handles Bank deposits and withdrawals, sales travelers checks and foreign currency, accept loan payments, prepares certified checks or money orders and etc.
Accountants who meet specific educational requirements and pass a national examination.
Top-level professional who may have final responsibility for one of many aspects of a business's financial activity.
Please select the most appropriate definition from the choices below for the term: Bank Teller
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
Worker who handles Bank deposits and withdrawals, sales travelers checks and foreign currency, accept loan payments, prepares certified checks or money orders and etc.
Accountants who meet specific educational requirements and pass a national examination.
Top-level professional who may have final responsibility for one of many aspects of a business's financial activity.
Please select the most appropriate definition from the choices below for the term: Profit
A professional who produces and examines financial records, prepares financial reports and tax returns, and may give budget, tax, or investment advice to the customer or company.
The specific period of time covered by an accounting statement or report (Typically:one month or one year).
Results when a business is income is greater than its expenses.
The amount of money that a company earns.
Please select the most appropriate definition from the choices below for the term: Fiscal Period
A professional who produces and examines financial records, prepares financial reports and tax returns, and may give budget, tax, or investment advice to the customer or company.
The specific period of time covered by an accounting statement or report (Typically: one month or one year).
Results when a business's is expenses are greater than its income
Results when a business is income are greater than its expenses.
Please select the most appropriate definition from the choices below for the term: Statement of Owner's Equity
A professional who produces and examines financial records, prepares financial reports and tax returns, and may give budget, tax, or investment advice to the customer or company.
The specific period of time covered by an accounting statement or report (Typically:one month or one year).
Financial statement that reports the changes that have occurred in the owner's equity account during the fiscal period.
Cost of maintaining an operating a business.
Please select the most appropriate definition from the choices below for the term: Expenses
Financial statement that reports the changes that have occurred in the owner's equity account during the fiscal period.
Cost of maintaining an operating a business.
Results when a business's is expenses are greater than its income
Results when a business's income is greater than its expenses.
Please select the most appropriate definition from the choices below for the term: Loss
Financial statement that reports the changes that have occurred in the owner's equity account during the fiscal period.
Cost of maintaining an operating a business.
Results when a business's is expenses are greater than its income
Results when a business's income is greater than its expenses.
Please select the most appropriate definition from the choices below for the term: Profit
Cost of maintaining an operating a business.
Results when a business's is expenses are greater than its income
Results when a business's income is greater than its expenses.
The amount of money that a company earns.
Please select the most appropriate definition from the choices below for the term: Revenue
Cost of maintaining an operating a business.
Results when a business's is expenses are greater than its income
Results when a business's income is greater than its expenses.
The amount of money that a company earns.
Please select the most appropriate definition from the choices below for the term: Owner's Equity
Net worth of the business
Money owed by the business (debts, accounts payable)
The amount of money that a company earns
Results when a business's income is greater than its expenses
Please select the most appropriate definition from the choices below for the term: Liabilities
Net worth of the business
Money owed by the business (debts, accounts payable)
The amount of money that a company earns
Cost of maintaining and operating a business.
Please select the most appropriate definition from the choices below for the term: Assets
Net worth of the business
Money owed by the business (debts, accounts payable)
Things or items owned by company.
Cost of maintaining and operating a business.
Please select the most appropriate definition from the choices below for the term: Income Statement
Things or items owned by a company.
A report showing all assets, liabilities, and owners equity of a business as of a specific date.
Money owed by the business (debts, accounts payable).
A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.
Please select the most appropriate definition from the choices below for the term: Balance Sheet
Things or items owned by a company.
A report showing all assets, liabilities, and owners equity of a business as of a specific date.
Money owed by the business (debts, accounts payable).
A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.
Please select the most appropriate definition from the choices below for the term: Budget
Things or items owned by a company.
A plan that shows what you expect to earn and spend in a certain amount of time.
A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.
A formal examination of a company's financial records for accuracy and compliance with regulations.
Please select the most appropriate definition from the choices below for the term: Audit
Things or items owned by a company.
A plan that shows what you expect to earn and spend in a certain amount of time.
A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.
A formal examination of a company's financial records for accuracy and compliance with regulations.
Please select the most appropriate definition from the choices below for the term: Financial Statements
A plan that shows what you expect to earn and spend in a certain amount of time.
A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.
A formal examination of a company's financial records for accuracy and compliance with regulations.
A written report which describes the Financial health of a company; prepared on a quarterly and annual basis.
