Question 1

What reports operating results (revenues minus expenses) for a given time period ending at a specified date?

Accepted Answer

A) Balance sheet 
B) Statement of owner's equity 
C) Statement of cash flows 
D) Income statement 
A) Balance sheet 
B) Statement of owner's equity 
C) Statement of cash flows 
D) Income statement

Question 2

What is the function of the sales department?

Accepted Answer

A) Deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities. 
B) Includes the policies, plans, and procedures for the effective management of employees. 
C) The function of selling a good or service and focuses on increasing customer sales, which increases company revenues. 
D) The process associated with promoting the sale of goods or services.The marketing department supports the sales department by creating promotions that help sell the company's products. 
A) Deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities. 
B) Includes the policies, plans, and procedures for the effective management of employees. 
C) The function of selling a good or service and focuses on increasing customer sales, which increases company revenues. 
D) The process associated with promoting the sale of goods or services.The marketing department supports the sales department by creating promotions that help sell the company's products.

Question 3

Which of the following financial statements gives an accounting picture of property owned by a company and of claims against the property on a specific date?

Accepted Answer

A) Balance sheet 
B) Statement of owner's equity 
C) Statement of cash flows 
D) Income statement 
A) Balance sheet 
B) Statement of owner's equity 
C) Statement of cash flows 
D) Income statement

Question 4

Identify the four primary financial statements used by most organizations.

Accepted Answer

Balance sheet: The balance sheet gives a

Question 5

What refers to the amount earned resulting from the delivery or manufacture of a product or from the rendering of a service?

Accepted Answer

A) Expense 
B) Profit 
C) Loss 
D) Revenue 
A) Expense 
B) Profit 
C) Loss 
D) Revenue

Question 6

What describes the basic transaction data such as its date, purpose, and amount and includes cash receipts, canceled checks, invoices, customer refunds, employee time sheet, etc.?

Accepted Answer

A) Balance sheet 
B) Source document 
C) Transaction 
D) Financial statement 
A) Balance sheet 
B) Source document 
C) Transaction 
D) Financial statement

What reports operating results (revenues minus expenses) for a given time period ending at a specified date?

What is the function of the sales department?

Which of the following financial statements gives an accounting picture of property owned by a company and of claims against the property on a specific date?

Identify the four primary financial statements used by most organizations.

What refers to the amount earned resulting from the delivery or manufacture of a product or from the rendering of a service?

What describes the basic transaction data such as its date, purpose, and amount and includes cash receipts, canceled checks, invoices, customer refunds, employee time sheet, etc.?

Business Driven Technology

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Information Databases

Accessing Organizational Information Data Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organization Decision Making

Extending the Organization Supply Chain Management

Building a Customer-Centric Organization Customer Relationship Management

Integrating the Organization From End to End Enterprise Resource Planning

Creating Innovative Organizations

E-business

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Developing Software to Streamline Operations

Methodologies for Supporting Agile Organizations

Managing Organizational Projects

B: Extension: A Business Process

B: Extension: A Hardware and Software Basics

B: Extension: A Mis Infrastructures

B: Extension: A Networks and Telecommunications

B: Extension: A Information Security

B: Extension: A Ethics

B: Extension: A Operations Management

B: Extension: A Sustainable Mis Infrastructures

B: Extension: A Business Intelligence

B: Extension: A Global Information Systems

B: Extension: A Global Trends

Filters

Exam 20: B: Extension: A Business Basics

What reports operating results (revenues minus expenses) for a given time period ending at a specified date?

What is the function of the sales department?

Which of the following financial statements gives an accounting picture of property owned by a company and of claims against the property on a specific date?

Identify the four primary financial statements used by most organizations.

What refers to the amount earned resulting from the delivery or manufacture of a product or from the rendering of a service?

What describes the basic transaction data such as its date, purpose, and amount and includes cash receipts, canceled checks, invoices, customer refunds, employee time sheet, etc.?

Business Driven Technology

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Information Databases

Accessing Organizational Information Data Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organization Decision Making

Extending the Organization Supply Chain Management

Building a Customer-Centric Organization Customer Relationship Management

Integrating the Organization From End to End Enterprise Resource Planning

Creating Innovative Organizations

E-business

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Developing Software to Streamline Operations

Methodologies for Supporting Agile Organizations

Managing Organizational Projects

B: Extension: A Business Process

B: Extension: A Hardware and Software Basics

B: Extension: A Mis Infrastructures

B: Extension: A Networks and Telecommunications

B: Extension: A Information Security

B: Extension: A Ethics

B: Extension: A Operations Management

B: Extension: A Sustainable Mis Infrastructures

B: Extension: A Business Intelligence

B: Extension: A Global Information Systems

B: Extension: A Global Trends

Filters