10 FBU- Financial Management Quiz 1

10 FBU- Financial Management Quiz 1

10th Grade

15 Qs

quiz-placeholder

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10 FBU- Financial Management Quiz 1

10 FBU- Financial Management Quiz 1

Assessment

Quiz

Business

10th Grade

Medium

Created by

Annette Melgar

Used 49+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial Management refers to the planning, monitoring, organising & controlling of the monetary resources of a business.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the term asset?

Amounts a business owes

Amounts owned to the business by an external party

Something that a business owns that lasts more than 1 year

An item of value owned by a business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a liability?

Cash at bank

Rent (to pay)

Bank loan

Accounts receivable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue is described as money...

Leaving an business's account

coming into business

owed by the business to suppliers

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of an business expense

Car loan

Staff Wages

Electricity Bill

Rent paid

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owner's Equity determines

how many suppliers are owed money

the outstanding debt a business has

the total value (worth) of the business

how much money the business has in the bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A balance sheet contains which of the following three accounts:

assets, revenues, liabilities

assets, liabilities, owner's equity

revenue, expenses, owner's equity

expenses, assets, revenue

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