QUESTION Spreading resources out over several different areas is called ________. a. diversification b. risk c. opportunity d. liability ANSWER a
Date: September 3rd, 2020
QUESTION You guide employees and make sure their work meets certain criteria in a company. Which of the following perspectives does this give you on the company? A) customer B) manager C) employee D) owner/investor ANSWER B
Date: September 3rd, 2020
QUESTION Diversification is a method of managing ________. a. risk b. strengths c. retained earnings d. dividends ANSWER a
Date: September 3rd, 2020
QUESTION You have a vested interest in the financial success of a company, though you are not participating in its day-to-day activities. Which of the following perspectives does this give you on the company? A) customer B) manager C) employee D) owner/investor ANSWER D
Date: September 3rd, 2020
QUESTION What is another term for cost of goods sold? A) cost of profit B) cost of operating income C) cost of revenue D) cost of interest ANSWER C
Date: September 3rd, 2020
QUESTION When Google announced that it was developing software for cell phones, the company showed that it was ________ its sources of income. a. diversifying b. risking c. merging d. factoring ANSWER a
Date: September 3rd, 2020
QUESTION What is an acquisition? a. one company takes over another company and sets itself up as the new owner b. three or more companies spread resources out over several different areas c. one company divides into two or more companies d. two companies agree to go forward as a single new company ANSWER […]
Date: September 3rd, 2020
QUESTION Which financial statement answers the question “Is my company making a profit”? A) the balance sheet B) the general ledger C) the cash flow statement D) the income statement ANSWER D
Date: September 3rd, 2020
QUESTION A major customer looking for a new company for its advertising campaign is an example of a(n) ________. a. strength b. opportunity c. threat d. weakness ANSWER b
Date: September 3rd, 2020
QUESTION Risk affects ________. a. neither your personal nor your business life b. both your personal and your business lives c. only your business life and not your personal life d. only your personal life and not your business life ANSWER b
Date: September 3rd, 2020
