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- 1. Multiple Choice
Which of these is an Accounting and Finance Career?
Contractor
Accountant
Office Manager
Physical Therapist
- 2. Multiple Choice
Which of these is an Accounting and Finance Career?
Financial Manager
Administrative Assistant
Medical Manager
Physical Therapist
- 3. Multiple Choice
Accountants who meet specific educational requirements and pass a national exam.
CPA
Accountant
bank teller
financial manager
- 4. Multiple Choice
A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants, and checking to be sure a company is following all financial laws and regulations.
CPA
accountant
auditor
bank teller
- 5. Multiple Choice
A worker who handles bank deposits and withdrawals, sell traveler's checks and foreign currency, accepts loan payments, prepares checks or money orders, and many other duties.
CPA
Auditor
Manager
Bank teller
- 6. Multiple Choice
A four-year degree...AssociateBachelorMasterProfessional - 7. Multiple Choice
This career is responsible for the financial health of a company and usually works with top executives.
Financial Manager
Insurance Representative
Accountant
Stockbroker
- 8. Multiple Choice
Certificates or financial instruments that of value and can be traded. Stocks and bonds are examples.
Cash
Money order
Securities
Check
- 9. Multiple Choice
Logan talks with a customer about purchasing life insurance. What financial career does he have?
Financial Manager
Insurance Representative
Auditor
Stockbroker
- 10. Multiple Choice
Which financial career connects buyers and sellers of securities in financial markets (like NYSE (New York Stock Exchange)
Stockbrokers/Securities Sales Agent
Financial Manager
Investment Counselor
Bank Teller
- 11. Multiple ChoiceThis shows the NET WORTH of the company.Owner's EquityLiabilitiesAssetsRevenue
- 12. Multiple ChoiceA specific period of time covered by an accounting statement or report (1 month or year).statement periodfiscal periodyearly periodmonthly period
- 13. Multiple ChoiceThe amount of money a company earns is calledrevenueprofitsalesexpense
- 14. Multiple ChoiceThis results when a business' expenses are greater than its income.incomeprofitrevenue
revenueloss - 15. Multiple ChoiceSocial Security, Retirement, Taxes are all deductions from a persons paycheck.truefalse
- 16. Multiple ChoiceBuildings, office equipment and land are allliabilitiesassetsexpensesdeductions
- 17. Multiple ChoiceWhat is accounting?Method of reporting financial activity of a business.Written reports that describe the financial health of a company.Professional who produces and examines financial records, prepares financial reports and tax returns, etc.Anything of value owned by the business.
- 18. Multiple ChoiceWhich of the following is NOT a component that is included in the Income Statement?RevenueExpensesNet Income/LossAssets
- 19. Multiple ChoiceWhich of the following is the accounting equation?Assets=Liabilities+Owner's EquityAssets=Liabilities-Owner's EquityLiabilities=Assets+Owner's Equity
- 20. Multiple ChoiceMoney OWED by the business is:LiabilitiesAssetsOwner's EquityRevenue
- 21. Multiple ChoiceWhich of the following is NOT one of the three financial statements we have went over?Balance SheetIncome StatementStatement of Change in Owner's EquityOwner's Equity
- 22. Multiple ChoiceWhat are the three components that are included on a Balance Sheet?Assets, Liabilities, Owner's EquityIncome, Assets, ExpensesRevenue, Expenses, Net Income/LossLoss, Owner's Equity, Assets
- 23. Multiple ChoiceWhich of the following is a financial statement of a business that reports the changes that have occured in the owner's equity account during the fiscal period?Statement of Change in Owner's EquityBalance SheetIncome Statement
- 24. Multiple ChoiceCosts of maintaining and operating a business.ExpensesRevenueProfitFiscal Period
- 25. Multiple ChoiceResults when a business's income is greater than its expenses.Income/ProfitLoss
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