WorksheetsFABM1 Chapter Test 3
Total questions: 35
Worksheet time: 18mins
Name
Class
Date
1.
What is accounting information primarily used for?
a)
Making decisions
b)
Advertising
c)
Hiring employees
d)
Designing products
2.
Which of the following is an internal user?
a)
Investor
b)
Creditor
c)
Owner
d)
Customer
3.
Who is responsible for operational efficiency in a company?
a)
Employees
b)
Management
c)
Government
d)
Consumers
4.
Which user assesses creditworthiness of a business?
a)
Customers
b)
Creditors
c)
Owners
d)
General public
5.
Who uses financial data to analyze market trends?
a)
Investors
b)
Research scholars
c)
Consumers
d)
Employees
6.
Who uses tax filings for revenue collection and policy making?
a)
Owners
b)
Government
c)
Customers
d)
Management
7.
Employees use accounting information to assess:
a)
Competitor pricing
b)
Job security
c)
Product loyalty
d)
Consumer ethics
8.
Who reviews income statements for dividend evaluation?
a)
Consumers
b)
Employees
c)
Investors
d)
Government
9.
Who are considered external users?
a)
Owners, management, employees
b)
Creditors, investors, government
c)
Management, employees, owners
d)
None of the above
10.
Who uses pricing and quality reports to decide on purchases?
a)
Consumers
b)
Government
c)
Employees
d)
Regulatory authorities
11.
Which user group focuses on compliance with laws and regulations?
a)
Customers
b)
Creditors
c)
Regulatory authorities
d)
General public
12.
Who reviews performance metrics and cost analysis?
a)
Management
b)
Employees
c)
Investors
d)
Customers
13.
Who assesses equity growth for return on investment?
a)
Owners
b)
Creditors
c)
Employees
d)
Customers
14.
Who reviews audit reports for legal compliance?
a)
Regulatory authorities
b)
Management
c)
Consumers
d)
Employees
15.
Which user group focuses on CSR and community impact reports?
a)
Consumers
b)
General public
c)
Government
d)
Investors
16.
Financial statements help _______ evaluate profitability.
a)
Customers
b)
Government
c)
Owners
d)
Consumers
17.
Balance sheets and credit reports are useful to:
a)
Creditors
b)
Consumers
c)
Employees
d)
Research scholars
18.
Who are called stockholders or shareholders?
a)
Owners
b)
Investors
c)
Creditors
d)
Customers
19.
Who uses payroll data and benefits information?
a)
Government
b)
Employees
c)
Customers
d)
Consumers
20.
Who focuses on customer service records and financial stability?
a)
Customers
b)
Consumers
c)
Employees
d)
Research scholars
21.
After the quarterly meeting, the sales data showed a 25% increase in revenue. Who will use this information to plan further product launches and expansion strategies?
a)
Employees
b)
Management
c)
Customers
d)
General public
22.
A local bank is reviewing DEF Corp’s balance sheet and cash flow statements to determine whether to approve its ₱10 million business loan application. Who is the user in this situation?
a)
Investor
b)
Creditor
c)
Government
d)
Owner
23.
The Bureau of Internal Revenue (BIR) is conducting an audit on LMN Corporation’s tax returns to check for underpayment. Who is the user of the accounting information?
a)
Government
b)
Regulatory authority
c)
Management
d)
Employees
24.
Mr. Cruz is planning to invest in ABC Company. Before doing so, he studies the company’s income statement and dividend reports. What is his role as a user of accounting information?
a)
Customer
b)
Owner
c)
Investor
d)
Creditor
25.
Workers at GHI Manufacturing are anxious after hearing rumors of a possible shutdown due to losses. They request management to present the company’s financial performance to address their concerns. Who are they as users?
a)
Customers
b)
Owners
c)
Employees
d)
Consumers
26.
A group of university professors is conducting a study on the financial health of the top retail companies in the Philippines to analyze post-pandemic recovery. What type of user are they?
a)
Research scholars
b)
Investors
c)
Customers
d)
Consumers
27.
The Securities and Exchange Commission (SEC) is reviewing the annual audit reports submitted by a telecommunications company to ensure its compliance with legal and financial regulations. Who is the user?
a)
Government
b)
Regulatory authority
c)
Customers
d)
Investors
28.
Customers are checking whether XYZ Electronics has the financial stability to provide after-sales support for the next 5 years before signing a procurement contract for their offices. Who is the user in this scenario?
a)
Investor
b)
Customer
c)
Consumer
d)
Research scholar
29.
Ana, who owns a small café, is reviewing her business’s equity growth and profit margins for the past year to evaluate how her investment has grown. Who is she as a user?
a)
Investor
b)
Owner
c)
Management
d)
Employee
30.
A supplier is reviewing the credit report and financial statements of HIJ Company before agreeing to supply raw materials on credit. Who is the user?
a)
Owner
b)
Investor
c)
Creditor
d)
Employee
31.
The Department of Finance is reviewing the annual tax filings and financial statements of the country’s top corporations to formulate economic policies for the next fiscal year. Who is the user?
a)
Government
b)
Regulatory authority
c)
Customers
d)
General public
32.
DEF Corporation’s HR department presented payroll data and company performance reports during the employee assembly to assure staff of their salary security. Who is the user?
a)
Employees
b)
Owners
c)
Management
d)
Government
33.
A group of environmentally conscious citizens is reading DEF Corporation’s Corporate Social Responsibility (CSR) report to see its environmental initiatives before supporting its products. Who are they as users?
a)
Government
b)
Customers
c)
Consumers
d)
General public
34.
Ms. Dela Cruz, a consumer, is evaluating the ethical sourcing practices of an international clothing brand before purchasing its products. What is her role as a user?
a)
Customer
b)
Consumer
c)
Owner
d)
Research scholar
35.
The Operations Manager reviews departmental budget reports and cost analysis data to adjust resource allocation for next month’s production targets. Who is the user?
a)
Employees
b)
Customers
c)
Management
d)
Owners
100 %
