Business Essentials Unit 4
Quiz by Jeanette Clark
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40 questions
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- Q1an individual who has had specialized training in accounting proceduresaccountant30s
- Q2the process of keeping financial recordsaccounting30s
- Q3a process or series of steps that businesses complete to maintain their financial records effectivelyaccounting cycle30s
- Q4rules that accountants must follow when preparing financial statementsaccounting standards30s
- Q5finance activity involving making decisions about financingacquisition of funds30s
- Q6finance activity involving making decisions about a firm's investmentsadministration of assets30s
- Q7anything of value that a business ownsassets30s
- Q8a financial statement that captures the financial condition of the business at that particular momentbalance sheet30s
- Q9decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholderscapital investment decisions30s
- Q10a financial summary with estimates as to when, where, and how much money will flow into and out of a businesscash flow statement30s
- Q11a sum of money paid to an investor or stockholder as earnings on an investmentdividends30s
- Q12the monies that a business spends; also called expendituresexpenses30s
- Q13in business, the function that involves all money and money management mattersfinance30s
- Q14a summary of accounting informationfinancial statement30s
- Q15money received by a business or an individual from outside sourcesincome30s