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 You own a media company. You decide to issue and sell shares of your company’s stock. This is a(n) A) operating activity. B) investing activity. C) maintenance activity. D) financing activity. ANSWER D
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
QUESTION All of the following are included in the fundamental accounting equation EXCEPT ________. a. assets b. owners’ equity c. bonds d. liabilities ANSWER c
Date: September 3rd, 2020
QUESTION Shareholders are A) people who own a part of a company and have a vested interest in its profits. B) people who may or may not own a part of a company but are directly affected by its activities. C) computer systems that keep track of a company’s stock price. D) companies that track […]
Date: September 3rd, 2020
