Unit 6 POB

Unit 6 POB

9th - 12th Grade

13 Qs

quiz-placeholder

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Unit 6 POB

Unit 6 POB

Assessment

Quiz

Other

9th - 12th Grade

Medium

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The foundation for accounting; represents the relationship between assets, liabilities, and owners’ equity, is known as the 

Accounting Equation 
Earnings
Balance Statement
Worth

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following makes comparisons of the financial conditions at multiple organizations possible: 

Bookkeeping 
 Source documents 
Accounting standards
Trial balance 

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Also known as stockholders’ (or shareholders’) equity, book value, and net worth. 

Assets
Liabilities 
Equity 
Net Worth 

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash Conversion Cycle is most effective with

Retail-type companies 
Consulting businesses 
Software companies
Software companies

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

On an Income State if the Total Expenses were greater than the Cost of Goods Sold the outcome would be a 

Net Income
Revenue
Net Loss 
Net Profit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Assets a company already owns and can use to finance a new venture are called:

accounts payable. 
dividends. 
return on capital. 
equity. 

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When businesses invest funds to expand, they are involved in the process of: 

selling. 
depreciation. 
finance.
 capitalism. 

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