CH-1.1 Assets & Liabilities

CH-1.1 Assets & Liabilities

11th - 12th Grade

20 Qs

quiz-placeholder

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CH-1.1 Assets & Liabilities

CH-1.1 Assets & Liabilities

Assessment

Quiz

Business

11th - 12th Grade

Medium

CCSS
7.NS.A.1B, 6.NS.C.7C, 7.EE.B.3

+2

Standards-aligned

Created by

Robyn Sanders

Used 35+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Property owned by an individual

Liability

Asset

Property

Net Worth

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The value of all assets minus the value of all liabilities.

Financial obligations

Assets

Net Worth

Property

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Debts and financial obligations (responsibilities).

Liabilities

Assets

Negative Net Worth

Property

Tags

CCSS.7.NS.A.1B

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of Liabilities include which of the following:

Loans, credit cards, and real property

Loans, mortgage, and credit cards

Loans, Art collection, and savings account

Mortgage, credit card, and real property

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Positive Net Worth is defined as:

assets are less that liabilities

liabilities are greater than assets

assets are equal to liabilities

assets are greater than liabilities

Tags

CCSS.7.NS.A.1B

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Negative Net Worth is defined as:

Assets and liabilities are the same amount

Assets are less that liabilities

Liabilities are less that assets

Assets are greater than liabilities

Tags

CCSS.6.NS.C.7C

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of assets include:

Real Property, Car, and credit cards

Car, Jewelry, and Checking account

Art collection, Jewelry, and unpaid taxes

Real Property, Car loan, Jewelry

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