Exam 12: Small Business Accounting: Projecting and Evaluating Performance
Exam 1: Small Business: Its Opportunities and Rewards101 Questions
Exam 2: Small Business Entrepreneurs: Characteristics and Competencies100 Questions
Exam 3: Small Business Environment: Managing External Relations100 Questions
Exam 4: Small Business Ideas: Creativity, opportunity, and Feasibility99 Questions
Exam 5: Small Business Entry: Paths to Part-Time Entrepreneurship102 Questions
Exam 6: Small Business Entry: Paths to Full-Time Entrepreneurship100 Questions
Exam 7: Small Business Strategies: Imitation With a Twist100 Questions
Exam 8: Business Plans: Seeing Audiences and Your Business Clearly99 Questions
Exam 9: Small Business Marketing: Product and Pricing Strategies100 Questions
Exam 10: Small Business Promotion: Capturing the Eyes of Your Market100 Questions
Exam 11: Small Business Distribution and Location100 Questions
Exam 12: Small Business Accounting: Projecting and Evaluating Performance101 Questions
Exam 13: Cash: Lifeblood of the Business101 Questions
Exam 14: Small Business Finance: Using Equity, debt, and Gifts100 Questions
Exam 15: Assets: Inventory and Operations Management100 Questions
Exam 16: Small Business Protection: Risk Management and Insurance99 Questions
Exam 17: Legal Issues: Recognizing Your Small Business Needs101 Questions
Exam 18: Human Resource Management: Small Business Considerations100 Questions
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Regular and systematic reduction in income that transfers asset value to expense over time is called _____.
(Multiple Choice)
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In the context of accounting functions,which of the following is true of accounts receivable?
(Multiple Choice)
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What are some of the tasks an accounting system should be able to perform in order to ensure that a business's accounting information is accurate,reliable,and useful?
(Essay)
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Juan has an accounting philosophy according to which he keeps the loans borrowed from the business separate from the loans he takes from banks for his own purposes.Which of the following basic accounting concepts is reflected in Juan's accounting philosophy?
(Multiple Choice)
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_____ is an indicator of the business's ability to manage cash flows so that the company has the fiscal ability to respond appropriately if an unexpected opportunity or problem arises.
(Multiple Choice)
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Variance analysis is the process of determining the effect of price and quantity changes on revenues and expenses.
(True/False)
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The difference between assets and liabilities of a business is called its:
(Multiple Choice)
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Which of the following accounting functions ensures that the employment taxes are kept current?
(Multiple Choice)
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Regardless of your business's size,the one essential element of an accounting system is ________ that is accurate,easy to use,and tracks all checks written and all deposits made.
(Multiple Choice)
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Which of the following concepts assume that information flows from the income statement through the statement of retained earnings,the statement of owners' equity to the balance sheet?
(Multiple Choice)
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Briefly discuss the different types of budgets that make up the master budget.
(Essay)
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An accounting method that is specifically intended to be used for planning,directing,and controlling a business is called:
(Multiple Choice)
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Sharon handles a home-made gifts business which has gained popularity in her town.After Sharon moved into a big city,however,her marketing efforts could barely help her get just enough revenue to meet her costs.This means Sharon's business is at:
(Multiple Choice)
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Which of the following is a feature that a chosen accounting system should have?
(Multiple Choice)
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To ensure your accounting information is accurate,reliable,and useful,the accounting system you choose should easily and efficiently maintain an internal "audit trail".
(True/False)
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