Types of Business According to Activities
Quiz
•
Financial Education
•
11th Grade
•
Easy
Ronnel Salgado
Used 2+ times
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Services performed by service companies may include all of the following , EXCEPT:
Transportation services
Professional services
Legal advice
No correct answer
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The operating cycle of a service company involves which of the following?
Collecting cash payments
Performing services
Paying out labor and other operating expenses
All of the answer is correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A merchandising company that sells goods directly to customers is called
Manufacturer
Wholesaler
Retailer
No correct answer
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Mariane wants to buy a building for her business today. Which of the following is the relevant data for her decision?
Similar business acquired the required building in 2010 for Php 3,000,000.00
Building cost details of 2014
Similar building cost in the previous month
Building cost details of 2011
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Deals with independent verification and examination of the accounting records for the purpose of giving an opinion on the fairness of its presentation?
Owners or managers
Fund Accounting
Financial Accounting
Auditing
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following statements regarding service companies is correct?
Service companies are firms that generally use their employees to provide intangible products or services to customers.
A department store may be considered a service company because the sales ladies assist the customers in buying merchandise.
Service companies are firms that generally use their employees to provide tangible products to customers.
Service companies basically provide almost the same services to their customers.
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The major input used by service company is:
Labor
Raw materials
Overhead
All of the choices
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