Question 1

According to the text, the first step in setting up an accounting system is to prepare a "chart of accounts."

Accepted Answer

A) True 
 B)False  True

Question 2

The Canadian Federation of Independent Business is a lobby group.

Accepted Answer

A) True 
 B)False  True

Question 3

An office is basically a place for processing and storing .

Accepted Answer

information

Question 4

Customer files are typically maintained with database software.

Accepted Answer

A) True 
 B)False

Question 5

The credit requirements for leasing equipment:

Accepted Answer

A)  are about the same as for purchasing the equipment. 
B)  are more stringent than for purchasing the equipment. 
C)  are much less than for purchasing the equipment. 
D)  There are no credit requirements for leasing equipment. 
A)  are about the same as for purchasing the equipment. 
B)  are more stringent than for purchasing the equipment. 
C)  are much less than for purchasing the equipment. 
D)  There are no credit requirements for leasing equipment.

Question 6

is a term that originally applied to the planning and carrying out of military movements.

Accepted Answer

The answer of is a term that originally applied to...

Question 7

Financial transactions are recorded in a chart of accounts.

Accepted Answer

A) True 
 B)False

Question 8

Briefly identify and explain three main considerations for the layout of retail space.

Accepted Answer

A complete answer should ident

Question 9

A list of all the particular areas in which a business expects to have transactions is called a of .

Accepted Answer

The answer of A list of all the particular areas...

Question 10

The purpose of a purchasing system is to:

Accepted Answer

A)  avoid running out of inventory or supplies. 
B)  reduce inventory costs. 
C)  both of the above. 
D)  none of the above. 
A)  avoid running out of inventory or supplies. 
B)  reduce inventory costs. 
C)  both of the above. 
D)  none of the above.

Question 11

A corporation may be registered with either the Federal Government or a Provincial Government.

Accepted Answer

A) True 
 B)False

Question 12

Cash that a sole proprietor takes out of the business for his/her personal use is called:

Accepted Answer

A)  dividends. 
B)  benefits. 
C)  drawings. 
D)  personal incentive. 
A)  dividends. 
B)  benefits. 
C)  drawings. 
D)  personal incentive.

Question 13

"Bookkeeping" and "accounting" are interchangeable terms.

Accepted Answer

A) True 
 B)False

Question 14

Identify four broad Functions of Management and explain ways each can be carried out.

Accepted Answer

If marked out of 10, 4 of the marks woul

Question 15

The traditional assembly line is an example of:

Accepted Answer

A)  process set-up. 
B)  product set-up. 
C)  free-low layout 
D)  service set up. 
A)  process set-up. 
B)  product set-up. 
C)  free-low layout 
D)  service set up.

Question 16

Pick one type of chart or graph that can be used to control businesses processes. Sketch an example and explain how it can be used.

Accepted Answer

Half of the marks is for namin

Question 17

Which of the following is a major consideration when setting up an office?

Accepted Answer

A)  personal work habits. 
B)  visitors. 
C)  ergonomics. 
D)  All are major concerns. 
A)  personal work habits. 
B)  visitors. 
C)  ergonomics. 
D)  All are major concerns.

Question 18

Zoning for land use comes under Federal jurisdiction.

Accepted Answer

A) True 
 B)False

Question 19

Equipment or materials you already own and will use in your business, are considered to be part of your investment in the business.

Accepted Answer

A) True 
 B)False

Question 20

"Accountability" refers to those things on which a person's performance will be measured.

Accepted Answer

A) True 
 B)False

According to the text, the first step in setting up an accounting system is to prepare a "chart of accounts."

The Canadian Federation of Independent Business is a lobby group.

An office is basically a place for processing and storing .

Customer files are typically maintained with database software.

The credit requirements for leasing equipment:

is a term that originally applied to the planning and carrying out of military movements.

Financial transactions are recorded in a chart of accounts.

Briefly identify and explain three main considerations for the layout of retail space.

A list of all the particular areas in which a business expects to have transactions is called a of .

The purpose of a purchasing system is to:

A corporation may be registered with either the Federal Government or a Provincial Government.

Cash that a sole proprietor takes out of the business for his/her personal use is called:

"Bookkeeping" and "accounting" are interchangeable terms.

Identify four broad Functions of Management and explain ways each can be carried out.

The traditional assembly line is an example of:

Pick one type of chart or graph that can be used to control businesses processes. Sketch an example and explain how it can be used.

Which of the following is a major consideration when setting up an office?

Zoning for land use comes under Federal jurisdiction.

Equipment or materials you already own and will use in your business, are considered to be part of your investment in the business.

"Accountability" refers to those things on which a person's performance will be measured.

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Finances: How Will I Manage the Money

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Growth: How Can I Expand My Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

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Exam 4: Operations: How Will I Organize the Work

According to the text, the first step in setting up an accounting system is to prepare a "chart of accounts."

The Canadian Federation of Independent Business is a lobby group.

An office is basically a place for processing and storing .

Customer files are typically maintained with database software.

The credit requirements for leasing equipment:

is a term that originally applied to the planning and carrying out of military movements.

Financial transactions are recorded in a chart of accounts.

Briefly identify and explain three main considerations for the layout of retail space.

A list of all the particular areas in which a business expects to have transactions is called a of .

The purpose of a purchasing system is to:

A corporation may be registered with either the Federal Government or a Provincial Government.

Cash that a sole proprietor takes out of the business for his/her personal use is called:

"Bookkeeping" and "accounting" are interchangeable terms.

Identify four broad Functions of Management and explain ways each can be carried out.

The traditional assembly line is an example of:

Pick one type of chart or graph that can be used to control businesses processes. Sketch an example and explain how it can be used.

Which of the following is a major consideration when setting up an office?

Zoning for land use comes under Federal jurisdiction.

Equipment or materials you already own and will use in your business, are considered to be part of your investment in the business.

"Accountability" refers to those things on which a person's performance will be measured.

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Finances: How Will I Manage the Money

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Growth: How Can I Expand My Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

Filters