BML Chapter 8 Set 3: Question Preview (ID: 8293)

Below is a preview of the questions contained within the game titled BML CHAPTER 8 SET 3: Business Management And Law, Chapter 8, Third Set Of Questions. To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

Which of these is like a credit rating and tells you how much a business relies on borrowed money?
a) return on equity ratio
b) current ratio
c) sin and iniquity ratio
d) debt to equity ratio

Which of these is almost always on an earnings report?
a) current deductions
b) interest earned on a 401(k) retirement account
c) number of sick leave days earned
d) job title

Which of these is the best source of budget information for an existing company?
a) CNN Money
b) the Wall Street Journal
c) future budgets
d) past budgets

The costs associated with operating a business
a) revenue
b) expenses
c) liabilities
d) assets

Which of these are the first and last steps in the budgeting process?
a) list types of expenses and revenue, calculate net income or loss
b) gather information on revenue and expenses, calculate net income or loss
c) gather information on revenue and expenses, list types of expenses and revenue
d) list types of expenses and revenue, explain the budget to decision-makers for the company,

Which of these is a snapshot of the big picture of a company and includes all assets, liabilities and owner's equity?
a) income statement
b) earnings reports
c) balance beam
d) balance sheet

Which of these is the basic financial equation?
a) revenue - expenses = profit (or loss)
b) expenses + liabilties = profit
c) assets + liabilities = revenue
d) money - bills = less money

Which of these is the balance of the balance sheet?
a) revenue - expenses = profit
b) equity - liabilities = debt
c) assets = liabilities + owners equity
d) profit - expenses = assets

The amount of money a company owes
a) liabilities
b) assets
c) losses
d) profits

Which of these is a common payroll deduction?
a) unemployment tax
c) mortgage payment
d) food subsidies

Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 8293 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register