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Business Exam #2

Quiz by Diana Garcia

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6 questions
Show answers
  • Q1
    Accounting is keeping track of a company's:
    Money
    30s
  • Q2
    Is this True or False: Accounting shows how much money the business has, how much it owes, and how much is owed by others.
    False
    True
    30s
  • Q3
    Who uses accounting information to make major business decisions?
    Stakeholders
    Owners
    Managers
    30s
  • Q4
    GAAP stands for:
    Generic Applied Accounting Promotions
    Generally Accounting Acknowledged Prices
    Generally Accepted Accounting Principals
    30s
  • Q5
    A company that exists to make as much money as it can for the owner is:
    Non-profit
    For Profit
    30s
  • Q6
    A company that exists to give money or services away to people in need is a:
    For Profit
    Non-profit
    30s

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