This quiz assesses knowledge in financial management within business management, focusing on key aspects like accounts receivable, balance sheets, and payroll records. It evaluates understanding of discrepancies, depreciation, and revenue, crucial for effective business and financial oversight.
Revenue
Assets
Losses
Expenses
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Discrepancies
Shortages
Overages
Windfalls
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What a company owes.
The value of the owners' investment in the company.
What a company owns.
What a company has on hand to sell.
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True
False
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Revenue
Assets
Expenses
Liabilities
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Inventory records
Asset records
Accounts receivable
Accounts payable
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True
False
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True
False
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True
False
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Current liabilities
Long-term liabilities
Current assets
Accounts receivable
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True
False
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Current assets
Current ratio
Long-term assets
Current liabilities
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True
False
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Depreciation records
Inventory records
Tax records
Records of accounts
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The employee's job title.
The number of sick days an employee has available.
The amount of deductions for the current pay period.
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Balance sheet
Income statement
Asset records
Credit records
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Cash record
Payroll record
Accounts payable record
Accounts receivable record
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Asset records
Inventory records
Account records
Tax records
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Current ratio
Debt to equity ratio
Return on equity ratio
Net income ratio
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True
False
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Current ratio
Debt to equity ratio
Return on equity ratio
Net income ratio
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Income statement.
Operating budget.
Balance sheet.
Cash budget.
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The company's past financial records.
The Small Business Administration.
The Wall Street Journal.
Accountants and bankers.
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Payroll taxes
FICA taxes
Luxury taxes
Capital gains taxes
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Asset records
Payroll records
Account records
Inventory records
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Start-up budget
Operating budget
Short-term budget
Cash budget
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Land.
Inventory.
Expensive technology.
All of these are fixed assets.
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True
False
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Accounts receivable
Accounts payable
Long-term assets
Cash records
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Income tax
Social Security
Health insurance
Unemployment tax
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True
False
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Find ways to increase revenue.
Redo the budget.
Seek ways to cut expenses.
Double-check their calculations.
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Asset records
Depreciation records
Inventory records
Records of accounts
Cash records
Payroll records
Tax records
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Current ratio
Debt to equity ratio
Return on equity ratio
Net income ratio
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