1. LO 1.1Accounting is sometimes called the “language of _____.” 2. LO 1.2Financial accounting information ________.
3. LO 1.2External users of financial accounting information include all of the following except ________.
4. LO 1.2Which of the following groups would have access to managerial accounting information?
5. LO 1.2All of the following are examples of managerial accounting activities except ________.
6. LO 1.3Which of the following is not true?
7. LO 1.3The primary purpose of what type of business is to serve a particular need in the community?
8. LO 1.3Which of the following is not an example of a retailer?
9. LO 1.3A governmental agency can best be described by which of the following statements?
10. LO 1.3Which of the following is likely not a type of not-for-profit entity?
11. LO 1.4Which of the following is not considered a stakeholder of an organization?
12. LO 1.4Stockholders can best be defined as which of the following?
13. LO 1.4Which of the following sell stock on an organized stock exchange such as the New York Stock Exchange?
14. LO 1.4All of the following are sustainable methods businesses can use to raise capital (funding) except for ________.
15. LO 1.4The accounting information of a privately held company is generally available to all of the following except for ________.
16. LO 1.5Which of the following skills/attributes is not a primary skill for accountants to possess?
17. LO 1.5Which of the following is typically required for entry-level positions in the accounting profession?
18. LO 1.5Typical accounting tasks include all of the following tasks except ________.
19. LO 1.5What type of organization primarily offers tax compliance, auditing, and consulting services?
20. LO 1.5Most states require 150 semester hours of college credit for which professional certification?
Who are bonds issued by?Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
Which of the following is not commonly associated with UITs quizlet?Which of the following is NOT commonly associated with UITs (Unit Investment Trusts)? UITs generally have a fixed portfolio of diverse municipal or corporate bonds. They do not typically have investment or portfolio managers.
Which of the following would be most typical portfolio make up for a mutual fund that is categorized as balanced?Which of the following would be the MOST typical portfolio make up for a mutual fund that is categorized as "balanced"? A Balance Mutual Fund is considered to be the most conservative and least volatile type of und because it invests in various bond issues, preferred stocks, and common stocks.
What is the difference between a bond and stock?Bonds are investments in debt while stocks are a way to purchase part of a company. Stocks and bonds also offer different risk levels and returns on investment.
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