Question 1

The Language of business is ______

Accepted Answer

Accounting

Answer

Government

Answer

Naira

Answer

Sociology

Question 2

Claudio's business involves the buying and selling of__

Accepted Answer

Beautiful plates with colorful glasses

Answer

Beautiful plates with colorful sand

Answer

Beautiful plates with colorful stones

Answer

Beautiful plates with colorful woods

Question 3

How much was Claudio's initial capital?

Accepted Answer

100 Euros

Answer

200 Euros

Answer

150 Euros

Answer

300 Euros

Question 4

At what cost did Claudio buy a plate from the manufacturer?

Accepted Answer

1 Euro

Answer

100 Euro

Answer

10 Euro

Answer

20 Euro

Question 5

How much did Claudio sell each plate to tourists?

Accepted Answer

5 Euros

Answer

15 Euros

Answer

25 Euros

Answer

50 Euros

Question 6

What was Claudio's profit on each plate?

Accepted Answer

4 Euros

Answer

3 Euros

Answer

10 Euros

Answer

5 Euros

Question 7

What was Claudio's profit after each day's sales?

Accepted Answer

400 Euros

Answer

4 Euros

Answer

40 Euros

Answer

4000 Euros

Question 8

In Accounting, those things that you OWN are called__

Accepted Answer

Assets

Answer

Association

Answer

Liabilites

Answer

Business

Question 9

In Accounting, those things that you OWE are called__

Accepted Answer

Liabilities

Answer

Association

Answer

Assets

Answer

Liable

Question 10

In Accounting, the statement that shows the profitability of your business is called

Accepted Answer

Income Statement

Answer

Last Statement

Answer

Profit Statement

Answer

Net Statement

Question 11

In Accounting, the report and summary of a business' performance can be found in its _____

Accepted Answer

Financial Statements

Answer

Business Statements

Answer

My Statements

Answer

Family Statements

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