QUESTION Which of the following is NOT a source of cash flow? A) operating activities B) investing activities C) maintenance activities D) financing activities ANSWER C
Date: September 3rd, 2020
QUESTION All of the following are financial risks reflected on the balance sheet EXCEPT ________. a. excess inventory b. not enough cash c. zero long-term debt d. too much debt ANSWER c
Date: September 3rd, 2020
QUESTION You own a computer company. Activities such as selling computers, buying components, and assembling the components to make computers are A) operating activities. B) investing activities. C) maintenance activities. D) financing activities. ANSWER A
Date: September 3rd, 2020
QUESTION A factor in SWOT analysis is ________. a. officers b. workers c. strengths d. terminations ANSWER c
Date: September 3rd, 2020
QUESTION What are internal factors that will help a company achieve its objective? a. strengths b. weaknesses c. opportunities d. threats ANSWER a
Date: September 3rd, 2020
QUESTION You own a steel company. You build a state-of-the-art manufacturing facility that lets your business operate more efficiently and sell more products. Building the facility is a(n) A) operating activity. B) investing activity. C) maintenance activity. D) financing activity. ANSWER B
Date: September 3rd, 2020
QUESTION High quality employees are an example of a(n) ________. a. strength b. weakness c. opportunity d. threat ANSWER a
Date: September 3rd, 2020
QUESTION Accounts receivable is _______. a. any money that you or a business are owed b. property, manufacturing plants, and equipment c. any money that you owe to a business d. credit that is extended to a business for necessary purchases ANSWER a
Date: September 3rd, 2020
QUESTION What are accounts receivable? A) paid bills for products or services a company has sold B) unpaid bills for products or services a company has sold C) unpaid bills for expenses a company has incurred D) paid bills for expenses a company has incurred ANSWER B
Date: September 3rd, 2020
QUESTION You are an antiques dealer. Which of the following would NOT be an example of your operating expenses? A) rent paid to the owner of your building B) amounts spent on utilities C) money paid for administrative salaries D) purchase of antiques for resale ANSWER D
Date: September 3rd, 2020
