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Accounting Test Tru/False into Questions
Entrereneurship, Financial and Management Accounting, The World of Business and Accounting
14
Accounting
11th Grade
10/04/2012

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Cards

Term
Each person in a business organization has a _________
Definition
different role
Term
_________ seek opurtunites that other people do not seem to pursue.
Definition
Entrepreneurs
Term
Entrepreneurs have good _________ skills
Definition
Writing and Verbal
Term
Entrepreneurs get to choose
Definition
the people they work with
Term
How do entrepreneurs work?
Definition
Long hours and be a self-starter
Term
Management Accounting is often refered to as
Definition
accounting for internal users of information
Term
Who would use GAAP?
Definition
People with an indirect interest in accounting
Term
Financial Accounting reports are for people
Definition
investing money in a business
Term
Management Accounting helps determine
Definition
whether or not business results match the business plan
Term
The US Economy is refered to as
Definition
a Free Enterprise System
Term
The time covered by an accounting report is
Definition
the accounting period
Term
Only through _________ can business continue to operate
Definition
profits
Term
Going into business yourself
Definition
has a lot of risk
Term
Accountants assume a business
Definition
will last forever
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