QUESTION You have saved $200 in an interest-bearing account and plan to leave it there for 5 years. How would you calculate the interest you would need to earn in order to double your money in those 5 years? A) Divide 72 by the number of years you have to save. B) Multiply 72 by […]
Date: September 3rd, 2020
QUESTION A company’s weaknesses are the internal factors that will help it achieve its objective. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION In addition to cash-in and cash-out transactions, a cash flow statement shows A) cash a company’s creditors have on hand. B) the profit a company earned in the most recent quarter. C) a company’s beginning and ending cash balances. D) amounts a company owes suppliers. ANSWER C
Date: September 3rd, 2020
QUESTION What is another term for net profit? A) net cash B) net income C) net revenue D) net value ANSWER B
Date: September 3rd, 2020
QUESTION A company’s opportunities are external conditions that can assist the company in achieving its objectives. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION When making a decision, the cost of passing up another option is known as opportunity cost. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION What is net profit? A) the amount of money a business has paid to its suppliers over one year B) the amount of money a business has in the bank at any one time C) the amount of money a business brings in from customers in one year D) the amount of money remaining […]
Date: September 3rd, 2020
QUESTION A publicly traded company is A) a company that is family-owned and –founded. B) a company that is funded primarily through federal income taxes levied by the government. C) a company that is owned by its employees. D) a company that issues stock for people to buy on a stock exchange or other markets. […]
Date: September 3rd, 2020
QUESTION What is an important benefit of the practice of paying yourself first? A) The practice enables you to treat yourself to lavish purchases. B) You keep all your money in a liquid form that you can easily access as needed. C) You can pay off your largest bills in a more timely manner. D) […]
Date: September 3rd, 2020
QUESTION An annual report is A) a description of a firm’s financials, distributed to everyone who owns stock in the firm. B) a statement describing market growth in a specific industry, such as automotive or telecommunications. C) a set of documents explaining trends and challenges in a nation’s economy. D) a booklet published by the […]
Date: September 3rd, 2020
