QUESTION An unknown brand in the marketplace is an example of a(n) ________. a. strength b. weakness c. opportunity d. threat ANSWER b
Date: September 3rd, 2020
QUESTION From Apple Inc’s balance sheet in Figure 2.2, an investor knows that Apple is financing its business from the sale of stock and retained earnings because its long-term debt is ______. a. $0 b. over $39 billion c. about $4 billion d. about $19 billion ANSWER a
Date: September 3rd, 2020
QUESTION What is an investing activity? A) an activity that entails the purchase of assets that could increase a company’s profitability B) an activity that requires upgrades to a company’s information technology system C) an activity that uses or generates cash to keep a company’s daily operations going D) an activity that involves cash exchanges […]
Date: September 3rd, 2020
QUESTION Why is that large businesses that have a lot of accounts receivable and payable cannot use the cash basis of accounting? A) It doesn’t give them an accurate picture of their net profits for a set period. B) The law says that such business cannot use the cash basis of accounting. C) The cash […]
Date: September 3rd, 2020
QUESTION What are external conditions that can assist the company in achieving its objective? a. weaknesses b. strengths c. threats d. opportunities ANSWER d
Date: September 3rd, 2020
QUESTION The greater the risk, the ________ difference between a favorable or unfavorable outcome. a. less important is the b. more likely there is no c. larger the d. smaller the ANSWER c
Date: September 3rd, 2020
QUESTION What is a financial activity? A) an activity that entails the purchase of assets that could increase a company’s profitability B) an activity that requires upgrades to a company’s information technology system C) an activity that uses or generates cash to keep a company’s daily operations going D) an activity that involves cash exchanges […]
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
