Practice Quiz 1
Complete the following quiz for the lesson: Introduction to Financial Accounting
A retailer is involved in a?
1 point
A wholesale merchandising business is typically involved in
1 point
Some business manufacture and distribute products as well as provide services to customers
1 point
A game software development company that sells its products directly to customers through its own advertising and internet website would be considered a
1 point
Successful businesses typically require
1 point
Non-profit businesses typically do not require capital.
1 point
Which of the following would NOT represent a form of capital for a business?
1 point
Which of the following is a problem associated with debt financing?
1 point
Which of the following is a potential problem associated with equity financing?
1 point
Owners/investors in a corporation ("shareholders") might make a profit on their investment through
1 point
A stock exchange like the NYSE or NASDAQ is a place where corporations may initially sell their stock to investors.
1 point
Accounting is important because it can provide useful information about a business to
1 point
Financial accounting provides
1 point
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