RECALL QUIZ CHAPTER 1
Authored by norliza (BG)
Financial Education
University
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Managers use accounting information to make internal business decisions.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Investors are not interested in a company’s financial performance.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Creditors use accounting data to evaluate a company’s ability to repay debts.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Government agencies do not use accounting data for tax purposes.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employees may use accounting information to assess the stability of their employer.
YES
NO
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting information is only useful for internal users.
YES
NO
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial statements are irrelevant to potential investors.
TRUE
FALSE
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