QUESTION What are internal factors that may stop a company from achieving its objective? a. threats b. strengths c. weaknesses d. opportunities ANSWER c
Date: September 3rd, 2020
QUESTION What is an operating activity? A) an activity that entails the investment in or 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 […]
Date: September 3rd, 2020
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 A legal obligation that an individual or company has to pay back is a(n) _______, a. inventory b. liability c. owners’ equity d. asset ANSWER b
Date: September 3rd, 2020
QUESTION The goal of a not-for-profit organization is to A) eventually advance to for-profit status. B) earn a profit for its owners. C) use any money it makes to further the cause or association it promotes. D) deliver products or services that benefit corporations. ANSWER C
Date: September 3rd, 2020
QUESTION ________ consist of credit that is extended to a business for necessary purchases. a. Accounts receivable b. Accounts payable c. Intangible assets d. Retained earnings ANSWER b
Date: September 3rd, 2020
