An element of ___ is always present in all business activities. a. risky b. risk c. risque
risk
15
A statement of ___ helps you keep track of your business's finances a. cash flow b. cash flowing c. money flow
cash flow
20
An accountant who reviews the accounting procedures of a company is called ___. a. an auditor b. an audience c. a lawyer
an auditor
10
A general ___ in business says that 20% of the product line produces 80% of the sales. a. rule of thumb b. famous rule c. rule of thumbs
rule of thumb
20
The term ' equity' refers to the owners' ___ of the business. a. partition b. share c. sharing
share
15
Our company's ____ year begins on May 1st a. frisky b. fiscal c. money-making
fiscal
10
We really need to start keeping our business ___ organised. a. transactions b. transitions c. translations
transactions
15
Thanks to your hard work, we've seen some positive changes in sales ___ (=we have started selling more). a. level b. approach c. volume
volume
10
Things of value owned by a business are known as its ___. a. assertions b. assessments c. assets
assets
20
What's the opposite of an asset? a. cash b. A liability c. a liaison
liability
15
What do you do with forms? a. You fill them up b. You fill them out c. You fulfil them
Fill them out
15
An expenditure is basically a____ a. bill b. payment c. tax form
payment
15
You should always keep ____ (=proof of payment) of every payment to your business and every expenditure by your business. a. records b. receipts c. recipes
