Question 1

Why do they have to keep sales reports weekly?

Accepted Answer

Because they help them asses the company's health.

Answer

Because the man thinks they take too much time.

Answer

Because they reduce paperwork.

Answer

Because they help them  keep sales records.

Question 2

A __________________ is a document showing assests, liabilities and equity.

Accepted Answer

balance sheet

Answer

liability

Answer

asset

Answer

inventory

Question 3

Owner's equity is ____________.

Accepted Answer

the total value of the company.

Answer

where the company is.

Answer

something the company owes.

Answer

what the company owns.

Question 4

___________________ statements show the inflow and outflow of cash.

Accepted Answer

Cash flow

Answer

Stockholders

Answer

Dividends

Answer

Cumulative

Question 5

A ___________ is a person who has purchased a percentage of ownership of a company

Accepted Answer

stockholder

Answer

cash flow

Answer

dividend

Answer

cumulative

Question 6

To plummet is ________________.

Accepted Answer

To decrease rapidly

Answer

To be divided

Answer

To increase rapidly

Answer

To be combined

Question 7

To stabilize is _______

Accepted Answer

To stop changing

Answer

To lose balance

Answer

To change in a big way

Answer

To drop very far quickly

Question 8

To move money from one account to another is to __________.

Accepted Answer

transfer

Answer

plummet

Answer

compensate

Answer

charge

Question 9

Something that is upcoming is _____________.

Accepted Answer

appearing or arriving in the near future.

Answer

moving from one place to another.

Answer

restoring or replacing something.

Answer

something that exceeds an account's balance.

Question 10

Setting a price below cost is _____________.

Accepted Answer

dumping

Answer

charging

Answer

plummeting

Answer

suing

Question 11

A withdrawal that exceeds an account's balance is

Accepted Answer

an overdraft

Answer

cash a check

Answer

an upcoming event

Answer

to inform

Question 12

When you need cash, you go to the bank and make a ___________ from the ATM.

Accepted Answer

withdrawal

Answer

charge

Answer

deposit

Answer

transference

Question 13

Assets = __________________ + Owner's Equity

Accepted Answer

Liabilities

Answer

Equity

Answer

Accounts receivable

Answer

Fixed assets

Question 14

The sum of the ___________ should be equals to the sum of the liabilities plus the owner's equity.

Accepted Answer

assets

Answer

accounts

Answer

charges

Answer

numbers

Question 15

The company has a lot of ___________ assests which include a new warehouse.

Accepted Answer

fixed

Answer

inventory

Answer

land

Answer

cumulative

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