Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
BML Chapter 8 Set 3
Test Description: Business Management and Law, Chapter 8, third set of questions.
Instructions: Answer all questions to get your test result.
1) Which of these is like a credit rating and tells you how much a business relies on borrowed money?
A
debt to equity ratio
B
sin and iniquity ratio
C
current ratio
D
return on equity ratio
2) Which of these is almost always on an earnings report?
A
number of sick leave days earned
B
interest earned on a 401(k) retirement account
C
job title
D
current deductions
3) Which of these is the best source of budget information for an existing company?
A
CNN Money
B
past budgets
C
the Wall Street Journal
D
future budgets
4) The costs associated with operating a business
A
assets
B
revenue
C
liabilities
D
expenses
5) Which of these are the first and last steps in the budgeting process?
A
gather information on revenue and expenses, list types of expenses and revenue
B
gather information on revenue and expenses, calculate net income or loss
C
list types of expenses and revenue, explain the budget to decision-makers for the company,
D
list types of expenses and revenue, calculate net income or loss
6) Which of these is a snapshot of the big picture of a company and includes all assets, liabilities and owner's equity?
A
balance sheet
B
income statement
C
balance beam
D
earnings reports
7) Which of these is the basic financial equation?
A
revenue - expenses = profit (or loss)
B
expenses + liabilties = profit
C
money - bills = less money
D
assets + liabilities = revenue
8) Which of these is the balance of the balance sheet?
A
assets = liabilities + owners equity
B
profit - expenses = assets
C
equity - liabilities = debt
D
revenue - expenses = profit
9) The amount of money a company owes
A
profits
B
liabilities
C
assets
D
losses
10) Which of these is a common payroll deduction?
A
FICA
B
mortgage payment
C
unemployment tax
D
food subsidies
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?