Types of Business According to Activities

Types of Business According to Activities

11th Grade

15 Qs

quiz-placeholder

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Types of Business According to Activities

Types of Business According to Activities

Assessment

Quiz

Financial Education

11th Grade

Easy

Created by

Ronnel Salgado

Used 2+ times

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15 questions

Show all answers

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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