EL 3.3 Finance Quiz

EL 3.3 Finance Quiz

10th Grade

15 Qs

quiz-placeholder

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EL 3.3 Finance Quiz

EL 3.3 Finance Quiz

Assessment

Quiz

Other

10th Grade

Hard

Created by

Braden Reed

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT something an effective financial plan does?
identify the assets that are needed
describe the amount of money needed
describe how a business will document its finances
identify the salaries of future employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which terms refers to a systematic process of recording and reporting the financial position of a person or organization?
financial planning
forecasting
budgeting
accounting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the representation of the accounting equation?
assets = liabilities + owner's equity
liability = assets + owner's equity
assets + owner's equity = liabilities
owner's equity + revenue = assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of a financial plan is to
project future income.
see if there is enough money to start the business.
describe the assets that need to be purchased to start a business.
All of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is often called the language of
communication
business
finance
math

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A set of documents that outline essential financial facts about a new venture
financial plan
capital
financial forecast
budget
property

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An owner's claim to the assets of the business
owner's equity
financial plan
capital
financial forecast
budget

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